Insurance
Reinsurance Premium Paid to Treaty Reinsurer
Remitting the quarterly reinsurance premium to the treaty reinsurer.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Reinsurance Payable | Liability (-) | 60,000.00 | - |
| Cash / Bank | Asset (-) | - | 60,000.00 |
💡 Accountant's Note
This clears the reinsurance payable created when the ceded premium was accrued. Quarterly payments are standard for proportional treaties.
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