Important Points for IC 26 - Life Insurance Finance Exam
Page 39 Of 82
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There should be no attempt to reconcile Bank Accounts by transferring any un-reconciled balances to
There should be a physical stock checking of stock oh hand of printed forms and Stationery, other Stationery, publicity material remaining unused, saleable Literature and Publicity materials, stock of Building materials.
Schedule of policy loans as at the close of the year should be extracted from the loan ledgers.
The schedule showing salaries paid in advance should be prepared.
All advances (interest bearing and non-interest bearing) to agents should be adjusted towards commission earned by them, and should figure in the schedule.
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