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INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES | 12 Months Ended
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Mar. 31, 2023
Insurance [Abstract] |
INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES | INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES As of March 31, 2023, and March 31, 2022, insurance and reinsurance receivables of the Company was comprised of the following:
| March 31, 2023 |  | March 31, 2022
Assets: |  |  | (Recasted)
Amounts due from policyholders | $ | 9,699 |  |  | $ | 3,500 |
Claims receivable from reinsurance | 1,087 |  |  | 769 |
Amounts due from reinsured | 555 |  |  | 23 |
Less provision for impairment losses | (1,325) |  |  | (343) |
Insurance and reinsurance receivables: | 10,016 |  |  | 3,949 |
Unearned premium reserve, reinsurers’ share | 2,379 |  |  | 143 |
Reserves for claims and claims’ adjustment expenses, reinsurers’ share | 1,390 |  |  | 1,620 |
Total | $ | 13,785 |  |  | $ | 5,712 |
As of March 31, 2023, and March 31, 2022, the premium receivables from policyholders increased due to the expansion of operations. As of March 31, 2023, and March 31, 2022, insurance and reinsurance payable of the Company was comprised of the following:
| March 31, 2023 |  | March 31, 2022
Liabilities: |  |  | (Recasted)
Amounts payable to agents and brokers | $ | 2,466 |  |  | $ | 1,981 |
Amounts payable to reinsurers | 2,002 |  |  | 402 |
Amounts payable to insured | 1,807 |  |  | 685 |
Insurance and reinsurance payables: | 6,275 |  |  | 3,068 |
Unearned premium reserve | 43,082 |  |  | 17,985 |
Reserves for claims and claims’ adjustment expenses | 133,145 |  |  | 101,034 |
Total | $ | 182,502 |  |  | $ | 122,087 |
As of March 31, 2023, and March 31, 2022, liabilities from insurance activity mainly changed due to the increase of reserves for claims and claim's adjustment expenses, unearned premium reserve and the amount payable to agents and brokers as a result of the expansion of operations.

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- Definition The entire disclosure for the types of coverages and products sold, and the assets, obligations, recorded liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -URI https://asc.fasb.org/topic&trid=2303980 + Details
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