Sum Due to Insurer

3 Months Ended

Jun. 30, 2024

Sum Due To Insurer [Abstract]

Sum Due to Insurer

20. Sum due to insurer

Represents the net amounts of premium due to insurer based on the respective contract with each insurer. The net amount due is equal to the gross written premium less the Company’s commission for policies that have reached their effective date. Sum due to insurer is $6,637,826 as of June 30, 2024, which represents funds from the insurer to meet working capital requirements/contingencies arising out of claim settlement.