Granite Insurance Company entered into a reinsurance agreement with Rock Solid Reinsurance (RSR). Granite's retention li

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Granite Insurance Company entered into a reinsurance agreement with Rock Solid Reinsurance (RSR). Granite's retention li

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Granite Insurance
Company entered into a reinsurance agreement with Rock Solid
Reinsurance (RSR). Granite's retention limit is $400,000 and RSR
agreed to provide reinsurance for up to $2.0 million. If Granite
writes an $800,000 policy for a client and its client recently
suffers from a $500,000 loss, how much will each party pay if:
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