QUESTION 17 Tatweer have recently discovered a large oil field in Bahrain. The company also has significant liability ex

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Question 17 Tatweer Have Recently Discovered A Large Oil Field In Bahrain The Company Also Has Significant Liability Ex 1 (12.79 KiB) Viewed 58 times

QUESTION 17 Tatweer have recently discovered a large oil field in Bahrain. The company also has significant liability exposures. Tatweer can retain a large portion of its ability por if oil costs do not fluctuate. However, they cannotabsorb both high oil costs and high retained liability claims. Tatweer's insurer designed an insurance program where the insurer pays only if both losses occur. This form of contract is known as: O double indemnity rider O double trigger option multiple protection policy O other insurance provision