Q. Sahil gets his godown insured (worth Rs 6 lakh) from three insurance companies X - (Rs 2 lakh), Y - (Rs 3 lakh) and Z - (Rs 1 lakh). At the time of loss, determine the ratio in which compensation will be paid by the insurance companies respectively ?
a) 1:1:1
b) 1:3:2
c) 1:2:3
d) 2:3:1
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Answer:
b answer is always right now
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d.2:3:1
This works when the loss is equal for all these 3 companies
This works when the loss is equal for all these 3 companies
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