Account current,
Definition of Account current:
The account current is a summary statement detailing the financial performance of an individual insurance agent’s business over a specified period. These statements form the basis for the reconciliation of accounts between the insurer and the agent. The account current is the basis for the paper trail as premiums paid by policyholders travel between insurance provider, agencies, and agents.
An account at a bank or building society from which money may be withdrawn without notice, typically an active account catering for frequent deposits and withdrawals by cheque.
An account current lays out the financial components of an insurance agent’s business in detail. The statement is usually comprehensive in that it specifies premium and claim performance at the individual policy level. The accounting also typically shows summary transaction information as a record of balances owed. These balances are due either to the insurance agent or the insurer depending on the balance of claims paid, the premiums that are written, the premiums returned, and commissions.
A type of account that is ongoing between two or more entities. Can also be referred to as a report summarizing the performance of each individual insurance agent in an agency.
Synonyms of Account current
Bank account
How to use Account current in a sentence?
Meaning of Account current & Account current Definition
Account Current,
Account Current: What is the Meaning of Account Current?
Account Current definition is: Monthly statement from your agent to the insurance company with insurance number, premium requested, compensation premium, commission and net amount due through the insurer.
Account Current refers to Checking account refers to financial statements issued by insurance companies to insurance agents. It consists of transactions that take place within a certain period of time. These transactions include payment of premiums, commissions, approved policies and canceled policies.
Usually detailed statements given by agents, which they write to a particular company at the end of each month.
Literal Meanings of Account Current
Account:
Meanings of Account:
See or see yourself in a certain way.
Report or description of an event or experience.
A record or report of financial income and expenditure relates to a specific period or purpose.
An agreement in which an organization raises funds on behalf of a customer or provides goods or services to a customer on credit.
An agreement that gives a user personal access to a computer, website or application by entering their username and password in person.
Sentences of Account
Detailed report obtained
He doesn't care about money
Synonyms of Account
communiqué, sketch, importance, interest, value, judge, consider, weightiness, interpret as, exposition, look on as, hold to be, view as, concern, statement, momentousness, story, book, description, journal, financial statement, portrayal, tale, recital, news, take for, explanation, significance, version, adjudge
Current:
Meanings of Current:
A body of water or air that moves in a certain direction, especially around water or air, where there is less movement.
This is from the current era that is happening or is being used or is being done.
Sentences of Current
Tidal wave
Stay up to date with the latest happenings
Synonyms of Current
steady flow, contemporaneous, ongoing, contemporary, backdraught, present-day, present, slipstream, stream
Account Current,
How To Define Account Current?
Meaning of Account Current: A checking account is a statement sent by an insurance company to its producer.
Literal Meanings of Account Current
Account:
Synonyms of Account
ledger, delineation, rendition, interpretation, gravity, consequence, narrative, note, results, mark, see as, narration, prominence, weight, substance, seriousness, reckon, rate, gauge, financial record, think of as, think
Account Current,
What Does Account Current Mean?
Monthly statement of insurance from your agent, variable policy number, requested premium, compensation premium, commission and net amount due to the insurer.
Account Current can be defined as, Checking account refers to financial statements issued by insurance companies to insurance agents. It involves transactions and within a certain time. The transaction includes premium payment, commission, approved policies and canceled policies.
Detailed statements, usually through agents, that they write to a particular company at the end of each month.
Literal Meanings of Account Current
Account:
Meanings of Account:
Description of an account or an event or experience.
Financial records or reports of income and expenditure for a specific period or purpose.
Agreements in which an organization withholds funds from customers or provides goods or services to customers on credit.
An agreement that gives users personal access to a computer, website or application, usually by entering a username and password.
Consider in a particular way.
Prepare or submit files for given or received cash accounts.
Sentences of Account
Detailed report on what was achieved
The bartender does the math.
Your visit cannot be considered successful.
For accurate reporting, the trustee should not combine trust assets with other properties.
Synonyms of Account
sitrep, minute, deposit account, diary, transcript, archive, impression, register, blog, moblog, regard as, current account, log, deem, proceeding, annal, rehearsal, relation, balance sheet, savings account, history, transaction, weblog, vlog, report, memoir, chronicle, review
Current:
Meanings of Current:
This refers to the current time that is happening or is being used or is being done.
A body of water or air that moves in a certain direction, especially through a body of water or air around it that moves less.
Current flow as a result of regular movement of electrically charged particles.
General trend or course of events or opinions.
Sentences of Current
Ocean wave
This completes the circuit so that current can flow to the lamp.
The student movement shaped another protest trend.
Synonyms of Current
trendy, topical, progress, trend, now, undercurrent, de nos jours, alive, in vogue, course, happening, swing, up to date, tenor, airstream, direction, movement, updraught, tendency, tide, fashionable, thermal, progression, in the news
Account Current,
How Do You Define Account Current?
A simple definition of Account Current is: Monthly statement, variable policy number, premium requested, redemption premium, commission and net amount due or received by the insurer from your agent to your insurer.
Detailed statements, usually made by agents, that they wrote to a particular company at the end of each month.
A simple definition of Account Current is: A checking account is a statement sent to you at the mercy of the insurance company.
Literal Meanings of Account Current
Account:
Meanings of Account:
Description of an account or event or experience.
Financial records or income and expense reports for a specific period or purpose.
Prepare or submit files for cash accounts given or received.
Sentences of Account
Detailed report of what was obtained
For accurate reporting, the trustee should not combine fiduciary assets with other assets.
Current:
Meanings of Current:
This refers to the present moment that is happening or is being used or is being done.
A body of water or air that moves in a certain direction, especially the body of water or air around it that moves less.
Sentences of Current
It completes the circuit so that current can flow into the lamp.
Synonyms of Current
latest, burning, undertow, drift, up to the minute, modern, popular, in fashion
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