Mr. Ahmed a purchase manager of a corporation, took a medical insurance policy form Al Ahilia Insurance Company. He has mentioned in the proposal form that he had some serious medical issue two years back as he has disclosed that information to insurance company at the time of taking the policy. During the current year he was admitted to hospital and took treatment for 15 days. He was fully recovered and his health condition is fine now. Mr. Ahmed had submitted his proposal claim with insurance company. So, Insurance company will: a. Accept Mr. Khalid's proposal and claim will be paid partially O b. Reject Mr. Khalid's proposal and claim will not paid O c. Accept Mr. Khalid's proposal and claim will be paid fully. d. Accept Mr. Khalid's proposal and claim will not be paid In a life insurance company, if the net premium received is RO 252,000 and the bonus in reduction of premium is RO 28,000 then: O a. Revenue account on the credit side will show OMR 280,000 as income and on the debit side OMR 28,000 as expense O b. Revenue account on the debit side will show OMR 280,000 as income and on the credit side OMR 28,000 as expense O c. Revenue account on the debit side will show OMR 28,000 as income and on the credit side OMR 280,000 as expense d. Revenue account on the credit side will show OMR 28,000 as income and on the debit side OMR 280,000 as expense Claims paid on direct business: RO 52,000 Claims payable on direct business at the beginning of the year: RO 12,500 Claims receivable on reinsurance ceded: RO 6,500 From the above information, the net claims paid will be: a. RO 46,000 O b. RO 48,000 O c. RO 33,000 d. RO, 58,000