Agent's Balance

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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 ?
I consider such an outlet invaluable, in that it helps the agent balance decorum with the absurdity of someone consciously flooding an SUV and saying it's a manufacturers defect.
In the fourth quarter of 2002, the Company identified uncollectible agent balance receivables of $3.
This is attributed to a variety of factors, including decline in retention levels, inflationary effect, insufficient margins, inefficient premium collection and high rates of agent balances.