Reinsurance company is not under a risk in respect of amount lying at credit and outstanding as at the year end in following account a) deposit premium account b) premium received in advance account C) inspector deposit account d) agent premium account . sir , c part and part d clear nahi Ho Raha….. Inspector deposit and agent premium account

1 answer

Ravi Staff February 25, 2019

there is risk of loosing money if there is debit balance which is long outstanding. there is generally no risk if it is credit balance which is outstanding. C & D are randomly framed options they dont have any specific meaning

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