Calculate the net premium , net claims and the operating expenses from the given information. Particulars OMR Particulars OMR Premium less Outstanding 5,000 reinsurance 58,250 premium Claim paid...

Q23

Extracted text: Calculate the net premium , net claims and the operating expenses from the given information. Particulars OMR Particulars OMR Premium less Outstanding 5,000 reinsurance 58,250 premium Claim paid 61,500 Claims received 35,000 Bonus in Claim o/s 12,500 reduction of 1.1.2020 3,500 premium(not yet adjusted) Legal expenses 1,000 Claim o/s 11,500 on claim 31.2.2020 Claims on 8,500 Rates and taxes 1,500 reinsurance accepted Expenses of 7,500 Printing and 7,500 management stationery Net premium Net claims Operating expenses