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Insurance Companies

Insurance Companies. Form B-RA Revenue Account for the year ended 31 st March, 2000. Policyholders account(Technical Account). Form B-BS Balance Sheet as at 31 st March,2000. Contingent Liabilities. Schedules forming part of financial statements. Schedule 1- Premium Earned.

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Insurance Companies

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  1. Insurance Companies

  2. Form B-RARevenue Accountfor the year ended 31st March, 2000 Policyholders account(Technical Account)

  3. Form B-BSBalance Sheetas at 31st March,2000

  4. Contingent Liabilities

  5. Schedules forming part of financial statements Schedule 1- Premium Earned

  6. Schedule 2-Claims Incurred (Net)

  7. Schedule 3- Commission

  8. Schedule 4- Operating expenses related to insurance business

  9. Schedule 5- Share Capital

  10. Schedule 5A- Share capital pattern of shareholding(As certified by the Management)

  11. Schedule 6-Reserves and surplus

  12. Schedule 7- Borrowings

  13. Schedule 8-Investment

  14. Schedule 9- Loans

  15. Schedule 10- Fixed Assets

  16. Schedule 11-Cash & Bank Balances

  17. Schedule 12- Advances and other assets

  18. Schedule 13- Current Liabilities

  19. Schedule 14- Provisions

  20. Schedule 15- Miscellaneous Expenditure(to the extent not written off or adjusted)

  21. Form B-PLProfit & Loss Accountfor the year ended 31st 2000 Shareholders account (non –technical Account)

  22. Revenue Account in respect of Life Insurance Act,1938:Form A-RARevenue Accountfor the year ended 31st March, 2000 Policy holders Account (Technical Account)

  23. Calculation of surplus or deficiency by Valuation B/Sas on…

  24. Statement showing net profit for the valuation period Surplus as per valuation of B/S xxx Add: Interim Bonus (if any) as it is really advance payment of bonus xxx Less: Any expenses still to be charged (eg amount of dividend to shareholders set aside) xxx Total Surplus xxx Less: Surplus at the beginning of the period xxx Net profit for the valuation period xxx

  25. Statement of Distribution of Surplus Total Surplus xxx Less: Surplus to be C/F xxx Surplus for distribution xxx Distribution Surplus to policy holder (95% of surplus) xxx Less: Interim bonus already paid xxx Net amount due to policyholders xxx

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