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AMCP » Topics » Premiums Receivable

These excerpts taken from the AMCP 10-K filed Mar 6, 2008.
Premiums Receivable—Premiums receivable consist primarily of premium-related balances due from policyholders.  The balance is shown net of the allowance for doubtful accounts.  Receivables due from insureds are written off when a determination has been made that a specific balance will not be collected based upon the collection efforts of Company personnel.  An estimate of amounts that are likely to be written off is established as an allowance for doubtful accounts as of the balance sheet date.  The estimate is primarily comprised of specific balances that are considered probable to be written off after all collection efforts have ceased, as well as historical trends and an analysis of the aging of the receivables.
 
Premiums
Receivable—Premiums receivable consist primarily of premium-related
balances due from policyholders.  The balance is shown net of the
allowance for doubtful accounts.  Receivables due from insureds are
written off when a determination has been made that a specific balance will not
be collected based upon the collection efforts of Company
personnel.  An estimate of amounts that are likely to be written off
is established as an allowance for doubtful accounts as of the balance sheet
date.  The estimate is primarily comprised of specific balances that
are considered probable to be written off after all collection efforts have
ceased, as well as historical trends and an analysis of the aging of the
receivables.

 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 6, 2008

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