1111 Qu3 Not yet Oman united insurance teintures with Muscat insurance and receives commission called Marted out of 100 ton Commission Commission on insurance ceded Commission on insurance accepted Commission on rentrance Set 4 Not yet wered Under valuation balance sheet the net liability is the difference between: Maried out of 100 Premium received and the campaid Premium to be received and the claimt amount payable Claims paid and premium receivable Premium payable and claims receivable Questions Note Marked out of 1.00 The following particulars relate to Oman Life Insurance Company as on 31/12/2018, Balance of Life Insurance Fund as on 31/12/2015 is OMR 1990 Net fiability as per actuary's valuation OMR 1600 Balance of Life Insurance Fund as on 31/12/18 was OMR 1560 The following information alto relate to the current period 31/12/2018 An interim bonus was paid during the period OMR 225 Dividend still unpaid for the 31/12/2017 WM OMR 250 The company also wishes to maintain a surplus for the period is OMR 700 Calculate the Net profit /loss for the valuation period OMR 765 OMR (40) OMR (335) OMR (765) Out 6