Agency Bill vs Direct Bill and Minimum Earned Premium vs Minimum & Deposit Premium

Agency Bill vs Direct Bill and Minimum Earned Premium vs Minimum & Deposit Premium

Agency bill vs direct bill, and minimum earned premium vs minimum & deposit, can be confusing. Both are widely different terms and can very easily be confused.

While these terms are industry standard in the excess and surplus lines market, they may not be commonly seen in the admitted/standard market area.

Please join us as we define these terms and clarify key differences using real-world examples.