SOFE
AFE · Question #120
The agents submit to the insurance entity a statement of all policies issued or due during the current month, and the net amount of the statement is subsequently to be paid in accordance with the…
The correct answer is C. Rendering basis. See the full explanation below for the reasoning.
Question
The agents submit to the insurance entity a statement of all policies issued or due during the current month, and the net amount of the statement is subsequently to be paid in accordance with the agency agreement, is an account current of:
Options
- AInsurance billing
- BDirect billing
- CRendering basis
- DBilling basis
How the community answered
(38 responses)- A5% (2)
- B8% (3)
- C71% (27)
- D16% (6)
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