An agency bill process in which the producer is usually not required to pay the insurer until the premium is collected from the policyholder is known as

An agency bill process in which the producer is usually not required to pay the insurer until the premium is collected from the policyholder is known as



A.The statement basis.
B.The account current basis.
C.The item basis.
D.The direct bill basis.


Answer: C. An agency bill process in which the producer is usually not required to pay the insurer until the premium is collected from the policyholder is known as the item basis.

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