Account Current
Barron's Insurance Dictionary:
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Account Current
Financial statement, issued by the insurance company on a monthly basis to its agents, showing for each agent his or her commissions earned, premiums written, policy cancellations, and any policy endorsements.
| Account Balance Plan, Accommodation Line, Accidental Means | |
| Accountants Professional Liability Insurance, Accounts Receivable Insurance, Accredited Advisor in Insurance (AAI) |
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Account Current
Investopedia Financial Dictionary:
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Account Current
A summary of the performance of each individual insurance agent in the company. The account current is written and issued by the insurance company each year so the agents can see their total commissions earned, policy cancellations and premiums paid.
Investopedia Says:
An account current is similar to a financial statement in that is shows the revenues/expenses, profits/losses and assets/liabilities.
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Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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Mentioned in
a/c
(abbreviation)
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(abbreviation)
Back Charge
(in accounting)
Current Account
(business term)
Balance of Payments
(in accounting)
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