Account Current

Published:

Definition - What does Account Current mean?

Account current refers to the financial report issued to an insurance agent by the insurance company. It contains the transactions made in a certain period of time. These transactions involve the premium payments, commissions, approved policies, and cancelled policies.

Insuranceopedia explains Account Current

As a reminder of their performance for a specific period of time, an insurance agent is given a statement called the account current. This statement details the monetary transactions that they have in their name. The statement will include the number of policies that they have sold, the commissions received, the premium payments received for the company, and even the policies that were negotiated but were eventually cancelled.


How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this:

Connect with us

Email Newsletter

Join thousands receiving the latest content and insights on the insurance industry.