Universal Insurance Company does business in a state having no-fault insurance. An insured carries all three carries all three classifications of insurance. with a $500 deductible for collision. The insured paid an annual premium of $2, 790. The insured feel asleep at the wheel and had medical expenses for him sell of $1, 280 and auto repair expenses of $800. Compute the amount that Universal Insurance Company premium was over the amount the insurance company paid in benefits. Garnet Corporation insured a building for $370, 000 for one year at a premium rate of $6.60 per thousand. Three months later the Garnet Corporation sold the building and canceled the policy. The insurance company refunded the remaining three-quarters of the premium at the short-rate based on a penalty of 10% of the annual premium. Compute the amount the insurance company refunded