A list of net premiums prepared by the agency at the close of each month, submitted to an insurance carrier, and paid in full 30-45 days later.
Industry Definition
A list of net premiums, prepared by the agency at any time. May represent items reconciled to a company statement and paid at the time of preparation or may conform to traditional industry definition.
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An Account Current is generated from the agency's billing records while a Company Statement is generated from the carrier's billing records.