In which account current, for individual policies, the agent collects the premiums directly from the insureds, subtracts his or her commissions and remits the net premiums due to entity?

Question

Quizplus · Accepted Answer

In the item basis account current, the agent collects premiums directly from the insureds, subtracts their commissions, and remits the net premiums due to the entity.

In Which Account Current, for Individual Policies, the Agent Collects