Account Current

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DEFINITION of 'Account Current'

A summary of the performance of each individual insurance agent in the company. The account current is written and issued by the insurance company each year so the agents can see their total commissions earned, policy cancellations and premiums paid.

INVESTOPEDIA EXPLAINS 'Account Current'

An account current is similar to a financial statement in that is shows the revenues/expenses, profits/losses and assets/liabilities.

RELATED TERMS
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