Answer the following question no. 5(b)

5. a) "Endowment policy is a mixture of term example. b; Republic Insurance Company has received a proposal for fire insurance from BBS cables for an amount of BDT 23.5 million. Republic's net value at risk for this class of business is BDT 22 million and an 11-line surplus treaty exists. Calculate treaty's arrangement for both the ceding company and reinsurer with no upper limit. What would the ceding company's action be if there was an upper limit of BIT 15.5 million? What would be the potential advantages or disadvantages for the ceding company if the sum insured is BDT'11 million instead of BDT 23.5 million? ") 12.000 bags of cargo were insured for BDT 84,000. But 25 percent bags of Cargo were damaged and would realize BDT 4 per bag. Sales commission is 2% and survey fee is BDT 135. Requirements: i. Prepare a particular average statement of partial loss and amount of insurance claim assuming that goods would have realized BDT 8.00 per bag in their undamaged condition and the policy is valued. ii. Prepare a particular average statement of partial loss and amount of insurance claim assuming that the goods would have realized BDT 7.00 per bag in their undamaged condition and the policy is valued. uld he the extent of claim in each of the above two cases if the policy in