Question 18 Not yet answered Calculate the net premium, net claims and the operating expenses from the given information Marked out of 3.00 F Flag question Particulars OMR Particulars OMR Premium less Outstanding premium 10,000 reinsurance 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 2,000 Claim o/s 31.2.2020 23,000 claim Claims on reinsurance 17,000 Rates and taxes 3,000 accepted Expenses of 15,000 Printing and 15,000 management stationery Net premium Net claims Operating expenses reinsurance 116,500 Claim paid 102 nnn Claims received 70, Bonus in im o/s 1.1.2020 25, premium adjusted OMR 119,500 Legal ex im o/s 31.2.2020 23, claim Claims o OMR 27,500 es and taxes 3,00 accepte Expense 15,0 OMR 133,500 nting and tionery manager OMR 123,500 Net premium Net claims Operating expenses 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 2,000 Claim o/s 31.2.2020 23,000 claim Claims ites and taxes 3,000 accept 15,000 Expen: None of these inting and ationery manac OMR 70,000 Net pre OMR 51,000 OMR 68,000 Net claims Operating expenses Bonus in reduction of Claim o/s 1.1.2020 25,000 premium(not yet 7,000 adjusted) Legal expenses on 2,000 Claim o/s 31.2.2020 23,000 claim Claims on reinsurance 17,000 Rates and taxes 3,000 accepted Expenses of 15,000 Printing and 15,000 management stationery Net premium None of these OMR 33,000 Net claims OMR 35,000 OMR 40,000 Operating expenses Question 19 Mr. Raid is new businessman in Muscat. When dealing with the local suppliers, he Not yet answered was not given credit facility as he was new. He requested his bank to help him. Marked out of 1.00 The bank provided him with P Flag question Letter of credit Question 20 None of these. In the revenue account bonus in redu as : Not yet answered Letter of trust Marked out of 1.00 Letter of guarantee P Flag question Question 20 In the revenue account bonus in reduction of premium is shown as: Not yet answered Marked out of 1.00 P Flag question None of these Expenses Income Previous page Ne Liability