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Which is the correct journal entry for receiving a payment from an insurance company for previously submitted claims?
Wiki User
∙ 10y ago
insure claim resived bu party
Wiki User
∙ 10y ago
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Where can one open an account at Mercury Insurance?
Mercury Insurance can be purchased directly through the company. That is the best place to look for a competitive rate from the company.
What is the purpose of receivables insurance?
The purpose of receivables insurance is to get insurance for your company and keep it safe. Insurance is very important in many aspects in life and recivable insurance is great for companies.
What is the correct journal entry of receiving a company bonus?
Debit bonusCredit cash / bank
How much does a receiving clerk get paid?
A receiving clerk gets paid between $25,000 and $40,000 per year. Their salary will depend greatly on the company they work for and their experience level.
Is unexpired insurance an asset?
Yes. Unexpired insurance, or prepaid insurance, represents value to the business since it has utility and is owned by the business (the company has claim to the policy). Therefore by definition, unexpired insurance is an asset.
What is it called when a bill is submitted to insurance company for payment?
The term usually used is a "claim".
What is the meaning of the term injuries claim?
An injury claim is when someone receives an injury and the claim is sent to an insurance company for compensation. If you are hurt at work, the claim would be submitted to worker's compensation. An automobile accident injury would be submitted to the auto insurance company.
What does insurance form mean?
Insurance form means the proposal form to be filled and submitted by the applicant to the insurance company which may accept the proposal to insure the applicant.
You own your home you stopped paying for home insurance. will i have problem restablishing a home insurance?
If your previous home insurance policy was cancelled for non-payment, the company you were insured with may choose not to reinstate the policy depending on your history with the company. While this company does not have to reinstate your policy, you will be able to bind insurance with another provider. If this company asks if you have been cancelled previously for non-payment, answer honestly. This will not disqualify you for obtaining insurance, however it may disqualify you from receiving a continuous coverage discount if they offer it.
What is a life insurance policy dividend?
It's a payment made to the policy owner by the mutual insurance company when there is a profit. The policyholders are the owners of a mutual life insurance company and they share in the profits by receiving dividend payments from the insurance company.
How long pay insurance premium to Insurance Company after truck accident?
You will continue to pay insurance premium to renew the policy,irrespective of the claim to be submitted after truck accident.
What is C8 in workers comp?
It is a case registered by an insurance company with the WC board when they dis agree with the claim submitted
What type of insurance contract requires a lump some or periodic payment in exchange for receiving periodic payments from the insurance company?
That could be an annuity, or a permanent life insurance policy.
How does medical billing and coding work?
Medical billing and coding is a process used to submit claims to an insurance company. First a claim must be submitted and then the claim is approved or rejected by the insurance company. If the claim is approved, a payment is sent out.
What is the difference between filed and unfiled commercial property floaters?
Filed forms have been reviewed and approved for use by a state Insurance Department for sale by the insurance company that submitted it for approval. Unfiled forms are floaters an insurance company markets to customers which are subject to later review by a state Insurance Department, if necessary.
Which type of insurance contract requires a lump sum or periodic payment in exchange for receiving periodic payments from the insurance company?
As you have described it, this sounds very similar to an annuity.
What address is a Cancer claim sent to?
This depends upon the insurance company that issued the policy. The written policy will contain instructions as to the address to which claims are to be submitted.
