Insurance Accounting treads....
Posted: Fri Aug 01, 2014 8:49 am
Entering in 1973 as a policy typist, I have observed numerous treads within the Insurance industry as it applies to accounting & financial management efforts. Historically an accounting position was one of the lowest paid positions in the insurance industry. It was on the same level as a receptionist, typist, and file room with a clerical classification.
Several years ago, published statistics reported that one in three agencies in California operate out of trust---
With all the regulations, codes and requirements that currently apply to the Insurance industry and the consequences, penalties and legal problems as they relate to accounting practices (premiums, return premiums, trust accounts), I am interest in learning opinions & observations on the subject of accounting, i.e., who performs the duties, qualifications, outsourcing, etc.
Several years ago, published statistics reported that one in three agencies in California operate out of trust---
With all the regulations, codes and requirements that currently apply to the Insurance industry and the consequences, penalties and legal problems as they relate to accounting practices (premiums, return premiums, trust accounts), I am interest in learning opinions & observations on the subject of accounting, i.e., who performs the duties, qualifications, outsourcing, etc.