Examples of Deferred commission in a sentence
Deferred commission income is presented under other liabilities and provisions in the accompanying consolidated financial statements.Liability adequacy test: At each reporting date, a liability adequacy test is performed, to ensure the adequacy of unearned premiums net of related deferred acquisition costs.
Deferred commission incomes are amortized systematically over the life of the contracts at each reporting date.
Deferred commission is calculated on a pro-rata basis in respect of each insurance policy.
Deferred commission income relates to commissions received on ceded reinsurance businesses but not yet earned as at reporting date.
Deferred commission expense and income as of December 31, 2015 TL 6.354.323 and TL 124.902 respectively (December 31, 2014 –Deferred commission expense and income, TL 4.118.925 and TL 70.765, respectively).
Other Liabilities These include: 7,101 7,7668,944 9,3133,224 3,384 19,269 20,4632014 2013 Payables and accrued expenses Insurance balances payable Deferred commission income Total Insurance balances payable include amounts payable to reinsurers and brokers.
At these meetings, a proposal was made, by a group member with experience of working on the buses, to have the X53 service extended to Halbeath which would allow local communities to connect to a major transport hub, at a modest cost to First Group.
Recognised trade unions will inform the school in writing when a health and safety representative has been appointed and, where this is the case, the school will consult with that representative on health and safety matters.
Deferred commission income is shown under “other liabilities and provisions" in the attached consolidated balance-sheet.
Deferred commission costs, net of amortization, are included in other current and long-term assets in the consolidated balance sheets and totaled $9,709 and $8,893 as of March 31, 2013 and December 31, 2012, respectively.