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 ?
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.
Agent's balances to surplus was at a four year high of 116.