insurer XYZ is jointly covered for two lines surplus treaty reinsurance by reinsurers I,J,K and L for a retention limit of N120,000. The amount of cession for reinsurer K if all reinsurers share the risk equally with the sum insured of N360,000 is?
A.
N45,000
B.
N60,000
C.
N90,000
D.
N120,000
Correct Answer: Option B
Explanation
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