Acquisition Costs

Acquisition Costs,

What is The Definition of Acquisition Costs?

For example, direct costs to purchase a premium through an insurance company. B. The commission is paid to the broker or shell company. This cost should be recorded as the corresponding premium cost in the same proportion. For calendar year policies, these expenses are recognized as expenses for each month and the amount recognized as expenses for future periods is recognized as deferred (asset) expenses in the balance sheet.

The cost of receiving new business awards and maintaining business renewal. Coverage includes business ordering, policy issuance, gift collection, agent payments, on-site surveillance, advertising and other expenses including reasonable written gift acquisition and deduction.

Literal Meanings of Acquisition Costs

Acquisition:

Meanings of Acquisition:
  1. An item or item that is usually purchased or received from a library or museum.

  2. Study or develop a skill, habit or quality.

Sentences of Acquisition
  1. Inheritance is used for new acquisitions

  2. Gain management skills

Synonyms of Acquisition

purchase, accession, addition, asset, assumption, assuming, taking on, acquiring, acquisition, affecting, affectation, espousal, advocacy, promotion, appropriation, arrogation

Costs:

Meanings of Costs:
  1. Payment (a fixed amount of money) is required before the acquisition or realization of (an item or action).

Sentences of Costs
  1. Each issue of the magazine costs 1

Synonyms of Costs

be priced at, sell for, be valued at, fetch, come to, amount to, be, value, price, put a price on, put a value on, put a figure on, estimate the cost of, estimate the price of, evaluate, asking price, market price, selling price, fee, tariff, fare, toll, levy, charge, hire charge, rental

Acquisition Costs,

What is Acquisition Costs?

  1. Any costs that are directly attributable to account acquisition and policy issuance (e.g., factory fees, paid to frontline companies to cover their profits and expenses, such as premium taxes and other regulatory fees) Are market bitumen).

  2. Insurers' costs for starting a new business, including brokerage fees, office work costs, medical check-ups and reporting fees, sales promotion costs, etc.

  3. A simple definition of Acquisition Costs is: Direct insurance costs to get new customers and premiums

Acquisition Costs,

Acquisition Costs Definition:

Launch fees, product launching and advertising costs, administrative fees, fees paid to medical examiners, examination report fees, etc.