Book of Business


Also found in: Acronyms.

Book of Business

Informal; a financial adviser's or salesman's list of clients and the amount of money each one generates. This term is used most frequently in brokerages or investment advisory firms.
References in periodicals archive ?
Wysong contended that he had a separate oral agreement with Kolberg, whereby he purchased the book of business according to the terms of Kolberg's handwritten "fact sheet" listing the income earned from the book's policies and the amount that plaintiff would be required to pay Kolberg "to take custody of it.
Building a book of business requires hard work and a significant investment of time and money.
The Book of Business Awesome/UnAwesome is designed as two short books combined -- one read from the front and the other read from the back when flipped over.
Large employers are also an important part of Blue Cross Blue Shield of South Carolina's book of business.
The Book of Business is one of a suite of tools advisors can use to serve their Securian clients.
Until the book of business is actually transferred to QBE, Balboa will continue to function on a direct basis; however, the business will now be 100% ceded to QBE Insurance Corporation.
BOSTON -- AgencyPort Insurance Services, a leading provider of web-based solutions for property and casualty insurers, today announced that they will release their new product, BookSmart[TM], the first completely automated solution for processing Book of Business transfers, in July 2007.
If you have an option to sell your book of business, you have to do so in a very short period of time.
Since announcing its intent to decrease its catastrophe-exposed book of business in June 2006, the initiative has yielded an approximate 40% decrease in policy count, 75% decline in wind-exposed property total insured values and an 80% reduction in the calculated probable maximum loss (PML) for NPIC and NPCIC.
Is it a key geographic acquisition or is the buyer merely trying to increase revenues and planning on taking over the book of business, but not really interested in the personnel of the seller?
HIG is a Hawaiian-based insurance company, which has recently assumed the Hawaiian book of business from its namesake, The Hawaiian Insurance & Guaranty Company Limited, a subsidiary of the Vesta Insurance Group (Alabama), which is under regulatory supervision of the Hawaii Department of Insurance (DOI).
It depends significantly on their target return on capital, the investment outlook for the assets supporting the workers' comp book of business, and the cash flow characteristics inherent in the book of business and in the insurer's mode of operation.