O-LevelCommerceInsurance7100/12 · May/June 2020 · Q291 Mark
A ship worth $200m is insured jointly by three companies under the principle of contribution. Company X covers 50% of the risk, Y covers 30% and Z covers 20%. How much would company Y be liable for if the ship is lost?
A$40 m
B$60 m
C$120 m
D$200 m
✓ Correct answer
B: $60 m
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