Agent's Balance

(redirected from Agent's Balances)

Agent's Balance

A commission that an insurance company owes to an insurance agent but has not paid. The agent's balance is created when the agent sells a policy to a client. It is a percentage of the amount the insurance company makes from the new policyholder.
References in periodicals archive ?
Agent's balances to surplus was at a four year high of 116.
The ratings action is based on the company's weak capitalization, high geographic concentration, marginal operating performance, and elevated level of agent's balances relative to surplus," explained Standard & Poor's credit analyst Alan Koerber.
The rating actions reflect the group's very weak operating performance, low liquidity, high leverage, reinsurance recoverables, and agent's balances relative to surplus," said Standard & Poor's credit analyst Alan Koerber.