Account Current


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.

BREAKING DOWN 'Account Current'

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

  1. Revenue

    The amount of money that a company actually receives during a ...
  2. Commission

    A service charge assessed by a broker or investment advisor in ...
  3. Agent

    1. An individual or firm that places securities transactions ...
  4. Asset

    1. A resource with economic value that an individual, corporation ...
  5. General Ledger

    A company's main accounting records. A general ledger is a complete ...
  6. Expense

    1. The economic costs that a business incurs through its operations ...
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