Page 182 - Reinsurance Management IC85
P. 182
The Insurance Times Debit Credit
1,00,00,000
Ans: 35,00,000 30,00,000
15,00,000
Premium 17,50,000
Premium entry 40,00,000 1,00,000
Premium withdrawal 1,00,000
Loss entry 20,00,000
Loss withdrawal
Commission (40%) 5,00,000 (1,46,00,000)
Taxes (1%) (1,18,50,000)
Claims paid 27,50,000
Cash loss recovered
Management
expenses (5%)
Profit/loss
a) Hence profit commission (30%) = (30 x
27,50,000) /100 = 8,25,000
b) 3 year average :
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