Pratik kedia KediaPratik kedia Kedia asked 1 year ago
3 Answers
RaviRavi Staff answered 1 year ago

Hello Pratik 
Please see below link 

sir, what is outstanding premium and agent’s balance?

Pratik kedia KediaPratik kedia Kedia answered 1 year ago

Sir, Actually i’ve gone through the auditing procedures and understood that O/s premium is Asset for insurer. actually i m facing problem to link it with reality. i have not heard of any insurance policy that doesn’t receive premium in advance and thereafter they start covering the risk. Please give suitable example where Cases of O/s Premium Arises. As of now i ve only seen General insurance policy where you have to pay premium in advance…

RaviRavi Staff answered 1 year ago

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