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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 5,000 58,250

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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 5,000 58,250 Claim paid 61,500 Claims received 35,000 Claim o/s 1.1.2020 12,500 Bonus in reduction of premium(not yet adjusted) 3,500 1,000 Claim o/s 31.2.2020 11,500 Legal expenses on claim 1,500 Rates and taxes 8,500 Claims on reinsurance accepted 7,500 7,500 Printing and stationery Expenses of management 141 accepted Expenses of management 7,500 Printing and stationery 7,500 Net premium > OMR 61,750 OMR 13,750 OMR 59,750 OMR 66,750 Net claims Net claims OMR 34,000 OMR 35,000 None of these OMR 25,500 Operating expenses Operating expenses OMR 16,500 OMR 17,500 None of these OMR 20,000

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