Answer:$ 412.50

Working notes for the above answer

We have provided with the information that,

On April 1, 2014 a company paid the $1,650 premium on a three-year insurance policy with benefits beginning on that date

So we could say that $ 1650 is for 3 years=36 months

and it is given in the sum that benefits beginning on that date so we have to calculate the portion of April to december i.e. 9 months for  that years

Let us check the calculation as follow

insurance expense on the annual income statement for the year ended December 31, 2014

=1650 x9/36

=$ 412.50