Deans & Homer Agency Bill

Agency bill accounting explained

Agency Bill

Deans & Homer is committed to providing the most straightforward, accurate information possible. The illustration below should clarify the meanings of the due dates and headings on the statement.

Sample billing statement

A booked premium will show up on your statement under the gross/net columns but will not appear in the Current Due column until the month that it is due. As always, premiums are due on the later of 45 days from the end of the month in which they are booked, or 45 days from the end of the month in which the transaction becomes effective.

If you have questions about the accounting for a particular policy, please call your underwriter or call our home office at (800) 345-2054 and ask for the Accounting Department.