Question

How is brokerage usually indicated in statements of accounts?

a.

It is included in the statement of accounts

b.

It is shown in a separate letter of enclosure

c.

It is reflected in a separate additional statement

d.

It is deducted from the ceding insurer's premium

Answer: (c).It is reflected in a separate additional statement Explanation:Brokerage is usually not included in statements of accounts but is shown in a separate letter of enclosure or a separate additional statement.

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Q. How is brokerage usually indicated in statements of accounts?

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