If Ernie has a BOP with a Selected Per Occurrence limit of $300,000, what would his Completed Operations and General Aggregate limits equal?

In a Businessowners Policy (BOP), the Completed Operations limit is typically equal to the Selected Per Occurrence limit, and the General Aggregate limit is usually two times the Selected Per Occurrence limit. Given that Ernie's Selected Per Occurrence limit is $300,000, the calculations for the limits would be as follows:

• The Completed Operations limit, like the Per Occurrence limit, stands at $300,000.
• The General Aggregate limit, however, is double the Selected Per Occurrence limit, which results in $600,000 ($300,000 x 2).

Therefore, the completed operations limit is $300,000, and the general aggregate limit is $600,000. Since the question asks for both limits, it’s understood that the answer relates to a total figure that is primarily represented by the General Aggregate limit, which is $600,000, making that the correct choice.