Insurance
Premium Written — Broker Channel (Gross)
Recording a policy placed through an intermediary broker, with premium collected via the broker.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Broker Premium Receivable | Asset (+) | 8,000.00 | - |
| Written Premium — Broker Channel | Revenue (+) | - | 8,000.00 |
💡 Accountant's Note
Broker-channel business often involves a credit risk on the broker (not the insured). The insurer recognizes the full gross premium as a receivable from the broker, who in turn collects from clients.
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