Insurance: set 3

A shopping center building was insured jointly by two insurers: company "A" took 70% of the liability and company "B" 30%; payment is divided in proportion to the shares. The total indemnity payable for the insured event is 20 000 000 soum. How much does company "B" pay?

Bakery equipment with an actual value of 50 000 000 soum is insured for 40 000 000 soum. The contract has a proportional liability system and an unconditional deductible of 500 000 soum; the deductible is subtracted from the proportionally calculated amount. The loss is 10 000 000 soum. How much does the insurer pay?

A printing house insured its equipment worth 60 000 000 soum for 7 months. The annual rate is 2% of the sum insured, and the premium for a short term is calculated in proportion to the number of months (a contract condition). What is the insurance premium?

Under paragraph 276 of NAS No. 21, a debt for which of the following is recorded in the accounts of group 6500 "Current liabilities for payments to insurance and state trust funds"?

During the year an insurance company earned 800 mln soum of insurance premiums, paid 520 mln soum of insurance claims and incurred 200 mln soum of operating expenses. What is the combined ratio ((claims + expenses) / premiums)?

An insurer has concluded a quota share treaty with a reinsurer: 40% of the liability under each contract is ceded to reinsurance, and losses are shared in the same proportion. A loss of 25 000 000 soum occurred at a cotton warehouse and is paid in full. How much falls to the reinsurer's share?

For a type of insurance, the net rate is 1.6 soum per 100 soum of sum insured. The loading covering the insurer's expenses and profit must be 20% of the gross rate. What is the gross rate (net rate / (1 − loading share))?

According to the insurer's statistics, the probability that one such rural house is completely destroyed by fire within a year is 0.003. The house is insured for 80 000 000 soum. Taking into account only this risk and only total loss, and without adding the insurer's expenses and profit, what is the expected loss (risk part of the net premium = probability × sum insured)?

At the beginning of the month, 6510 "Insurance payments" had a credit balance of 1 800 000 soum. During the month, insurance payments of 2 400 000 soum were charged to expenses and 3 000 000 soum was transferred to the insurer from the settlement account. What is the balance at month end and what does it mean?

"Forish asal" is insuring its warehouse for a sum insured of 70 000 000 soum. The base rate is 1.2% of the sum insured. Because a deductible is included in the contract, the insurer gives a 10% discount on the premium (hypothetical terms). What premium does the policyholder pay?