Quarterly report pursuant to Section 13 or 15(d)

INSURANCE CONTRACTS ASSETS AND LIABILITIES

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INSURANCE CONTRACTS ASSETS AND LIABILITIES
 3 Months Ended
Jun. 30, 2022
Insurance [Abstract]  
Insurance Contract Assets and Liabilities INSURANCE CONTRACTS ASSETS AND LIABILITIES
As of June 30, 2022, and March 31, 2022, insurance and reinsurance receivables of the Company was comprised of the following:
June 30, 2022
March 31, 2022
Assets: (Recast)
Amounts due from policyholders $ 5,031  $ 3,500 
Claims receivable from reinsurance 799  769 
Amounts due from reinsured 33  23 
Less provision for impairment losses (424) (343)
Insurance and reinsurance receivables: 5,439  3,949 
Unearned premium reserve, reinsurers’ share 126  143 
Reserves for claims and claims’ adjustment expenses, reinsurers’ share 1,605  1,620 
Total $ 7,170  $ 5,712 
As of June 30, 2022, and March 31, 2022, the premium receivables from policyholders increased due to the expansion of operations. As of June 30, 2022, and March 31, 2022, insurance and reinsurance asset activities was $7,170 and $5,712, respectively.
As of June 30, 2022, and March 31, 2022, insurance and reinsurance payable of the Company was comprised of the following:
June 30, 2022
March 31, 2022
Liabilities: (Recast)
Amounts payable to insured $ 690  $ 685 
Amounts payable to reinsurers 282  402 
Amounts payable to agents and brokers 2,200  1,981 
Insurance and reinsurance payables: 3,172  3,068 
Unearned premium reserve 22,302  17,985 
Reserves for claims and claims’ adjustment expenses 110,089  98,437 
Total $ 135,563  $ 119,490 
As of June 30, 2022, and March 31, 2022, the amount payable to agents and brokers increased due to the expansion of operations. As of June 30, 2022, and March 31, 2022, liabilities resulting from the Company's insurance and reinsurance activities was $135,563 and $119,490, respectively.