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Calculate the net premium and net claims from the information given below: Particulars Direct business (OMR) Re-insurance (OMR) Premium received 1,200,000 180,000 Premium receivable 1.1.2019

Calculate the net premium and net claims from the information given below: Particulars Direct business (OMR) Re-insurance (OMR) Premium received 1,200,000 180,000 Premium receivable 1.1.2019 60,000 10,500 31.12.2019 90,000 14,000 Premium paid 120,000 Premium payable 1.1.2019 10,000 31.12.2019 21,000 > Net Premium 180,000 Premium receivable 1.1.2019 60,000 10,500 31.12.2019 90,000 14,000 Premium paid 120,000 Premium paya OMR 1,473,000 11.1.2019 10,000 OMR 1,282,500 31.12.2019 21,000 OMR 1,293,500 None of these > Net Premium

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