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Calculate the net premium , net claims and the operating expenses from the given information. Particulars OMR Particulars OMR Premium less reinsurance Outstanding premium 10,000
Calculate the net premium , net claims and the operating expenses from the given information. Particulars OMR Particulars OMR Premium less reinsurance Outstanding premium 10,000 116,500 Claim paid 123,000 Claims received 70,000 Bonus in reduction of Claim o/s 1.1.2020 25,000 premium(not yet adjusted) 7,000 Legal expenses on claim 2,000 Claim o/s 31.2.2020 23,000 Claims on reinsurance 17,000 Rates and taxes 3,000 accepted Expenses of management 15,000 Printing and stationery 15,000
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