Question 16 Not yet Calculate the net premium, net claims and the operating expenses from the given informati answered Marked out of 3.00 Particulars P Flag question 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 premium(not yet adjusted) 25,000 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 Net premium OMR 119,500 OMR 27,500 OMR 133,500 OMR 123,500 Net claims OMR 51,000 OMR 70,000 None of these OMR 68,000 Operating expense s None of these OMR 35,000 OMR 33,000 OMR 40,000