Definition - What does Daily Report mean?
A daily report is a document that contains information relevant to a particular insurance policy. It may include, for example, the premium amounts, the date of issue, and the insured's name. Daily reports are commonly dispersed to insurance agents, the insurer, and other parties who are relevant to the contract.
Insuranceopedia explains Daily Report
Daily reports often comprise the top page of a policy. They are distributed to the parties who are involved in issuing and managing the policy and who may need to be aware of policy updates and details. The insurance agent who sold the policy, for instance, may need a copy of the daily report to verify the information of the sale. This information could also be critical for an insurance agent's commission on the sale.