Identify which one of the following statement is true? O a. Claims received on reinsurance accepted is an expenses to reinsurer insurance company O b. Claims paid on reinsurance accepted is an expenses to reinsured insurance company c. Claims received on reinsurance accepted is an expenses to reinsured insurance company O d. Claims paid on reinsurance accepted is an expenses to reinsurer insurance company Clear my choice In case of life insurance policies with profits, policy holders are given the right to participate in the profits of the business and for this purpose insurance company will pay: a. Claims to policy holders O b. Bonus to policy holders Oc. Consideration to policy holders O d. Annuity to policy holders Clear my choice Identify which one of the following statement is true? a. Premium received on reinsurance accepted is a revenue to reinsured insurance company b. Premium received on reinsurance accepted is a revenue to resinsurer insurance company c. Premium paid on reinsurance accepted is a revenue to resinsurer insurance company O d. Premium paid on reinsurance accepted is a revenue to resinsured insurance company Clear my choice