Insurance: set 4

"Bodomzor kafe" paid an annual insurance premium of 3 600 000 soum in advance. After exactly 4 months the contract was terminated at the policyholder's request. Under the contract terms, 85% of the premium for the remaining period is refunded (hypothetical term). How much money is refunded?

An insurer has an excess of loss contract with a reinsurer: in each event the insurer covers losses up to 15 mln soums itself, and the reinsurer covers the excess within a limit of 50 mln soums per event (hypothetical terms). The loss in one event was 42 mln soums. How much does the reinsurer pay?

"Chirchiq kimyo" LLC insured its property with two insurance companies under three separate contracts in total. Under NAS No. 21, how is analytical accounting kept for the accounts of group 6500 (including 6510 "Insurance payments")?

For the "Bahor kiyim" shop the annual insurance premium is 6 000 000 soum if paid in one go. Under the contract the premium may be paid in 4 equal quarterly instalments, with a 4% surcharge added to each instalment (hypothetical terms). How much is paid in total over the year when paying in instalments?

A storehouse with an actual value of 50 000 000 soum is insured for a sum insured of 70 000 000 soum. It was completely destroyed in a fire. Under the contract the payment does not exceed the actual loss (indemnity principle, hypothetical condition). What is the insurance payment?

Baxtiyor's insured car was damaged through the fault of another driver. The insurance company paid Baxtiyor and is now claiming the amount paid from the person at fault. What is this right of the insurer called?

A car was partly damaged in an accident: spare parts 8 000 000 soum, repair work 2 000 000 soum. The comprehensive (casco) insurance contract has a "new for old" condition: a 25% wear deduction applies to the cost of spare parts, with no deduction on labour (hypothetical terms). What is the insurance payment?

On 1 October an insurance company concluded a one-year property insurance contract and received the full premium of 24 000 000 soum. The premium is earned in proportion to the contract term (by months) (hypothetical method). What is the unearned premium as at 31 December?

A large factory facility is insured under coinsurance by one contract between two insurers: the first took 60% of the liability and the second 40%; the loss is shared in proportion to these shares (hypothetical terms). The loss from the event was 25 mln soum. How much does the second insurer pay?

The insurance contract sets a coverage limit of 30 mln soum per event and an unconditional deductible of 2 mln soum (the deductible is subtracted from the loss, then the limit is applied; hypothetical terms). The loss from the event was 45 mln soum. How much does the insurer pay?