Airport එකේ කැම්පස් කෙල්ල
Airport Eke Campus Kella 1 http://www.mediafire.com/view/?m9lguumum5ksgsc
Airport Eke Campus Kella 2 http://www.mediafire.com/view/?kd2xkb5mjp3bj36
Net earnings (determined after a fee to an attorney-in-fact), if any, were credited to subscribers' individual surplus accounts. A subscriber could elect to apply the unencumbered balance of its account to an annual premium deposit or withdraw it. Subscribers' risks were divided into classes or grouped in accordance with the nature of the business's flood hazard, location, and flood district. A subscriber's catastrophe loss account was decreased by a pro-rata share of the adjusted losses incurred by similarly classified subscribers.
The Service concluded that risk shifting was not present in the reciprocal flood insurance arrangement. A major flood would probably affect all properties in a particular flood basin so that there was little likelihood that the subscribers would share any risk.177 Proceeds received in the event of
flood damage would, in effect, be a return of the subscriber's own money because each subscriber was substantially underinsured.
The non-withdrawable one percent of the premium deposit that was credited to the general reserve fund was for a fixed liability, which was deductible as an insurance expense.178 The Service ruled that an annual premium deposit to the exchange was a nondeductible contingent deposit to the extent that it was withdrawable by the company.179 Earnings from the investment of the funds were taxable when they were credited to an annual premium deposit or became withdrawable.
