Document Type
Article
Publication Date
1922
Abstract
Insurance Agents and Brokers, whose lasting success is best measured by the thoroughness with which their trade and profession functions, apparently need a more orderly process of accounting and record keeping. The hit-and-miss methods of finances and the resultant cost and worry, a continual search and confusion of records, and an unnecessary waste of clerical time are conditions from which business typical of an Insurance Office greatly suffer. There are two contending factors in the business, one underwriting, the other record keeping, with each dependent upon the other. Underwriting, through its attended field of technical supervision, has reached at least that degree of thoroughness where all concerned appear very generally content. But, the factor most neglected and of most concern to Agent and Broker is a satisfactory solution of record-keeping; a system that will encourage greater efficiency, increase production and profits, conserve effort and cost of upkeep is the utmost need. Therefore, it is the purpose of this work to treat upon the methods of accounting and record-keeping as embraced in the American Agency Accounting System, recognized by authorities as an efficient, economical system of record-keeping and accounting for Insurance Agents and Brokers; Its elements are the essence of much thought, and grateful acknowledgment is rendered to those who gave of their time and contributed by criticism or suggestion in making for the system a thorough method by which it is hoped Agents and Brokers may acquire more complete records, a better detail and control, with less effort than has heretofore been obtained.
Relational Format
article
Recommended Citation
American System Company, "Office record and control for insurance agents and brokers" (1922). Individual and Corporate Publications. 107.
https://egrove.olemiss.edu/acct_corp/107