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...least 10% of prior year commissions 2. Property/casualty contingent commissio...king cash (nonfiduciary funds) equal to 45 days expenses  As you can...

... .   Reprinted with permission from Professional Insurance Agents Of New York, March 1995. Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your business or your family? Get quality appointments - Save yourself a whole lot of time & money when you use our directory of carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research ... Popular Recent All Back Financial Statements As A Management Tool 4/30/2013 10:43:12 PM by CompleteMarkets Editor , Douglas Moat This content has not been rated yet. FINANCIAL STATEMENTS AS A MANAGEMENT TOOL by Douglas Moat Like most businesspersons, insurance agency owners and managers want to know how well they are doing and how much their business is worth. If you are among the lucky ones, your financial statements can help you find the answers. If you're especially lucky, you know how to use your financial statements ... outstanding billings to verify that they do in fact owe you money. The second form of financial statements are review basis statements, which resemble the audited statement's format and review procedures. However, unlike audited statements, review basis statements lack the accountant's certification. Compiled statements occupy the bottom rung of financials. They are simply an independent accountant's acceptance of your numbers professionally reformatted with a fancy cover and a statement for services rendered. They offer little value to third parties, such as banks and carriers, and are generally useless as management ...

...ber. Closing figures varied from 22% to 35%, depending on a producer's sale...n-makers every hour, which equals about 21,000 contacts per year, per telemark...