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annual insurance account

German translation: Jahressaldo des Beitragskontos

19:12 Jul 25, 2014
English to German translations [PRO]
Bus/Financial - Insurance
English term or phrase: annual insurance account
If the annual insurance account defined in paragraph 2 is negative for two consecutive accounting years, the commission rates are reduced automatically for the subsequent accounting years, as follows:
The commission rates are calculated in order to rebalance the second year insurance account deficit.
These commissions are payable on a monthly basis. The Insurance Holder deducts the commissions directly from the monthly insurance premiums he has collected, and pays to the Insurers the insurance monthly premium net of these commissions within 5 days after reception of the monthly invoice sent by the Insurers.

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gabili
Local time: 01:50
German translation:Jahressaldo des Beitragskontos
Explanation:
...
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kbamert
Local time: 01:50
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
1 +1Jahressaldo des Beitragskontos
kbamert


Discussion entries: 3





  

Answers


1 day 44 mins   confidence: Answerer confidence 1/5Answerer confidence 1/5 peer agreement (net): +1
Jahressaldo des Beitragskontos


Explanation:
...

kbamert
Local time: 01:50
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 100

Peer comments on this answer (and responses from the answerer)
agree  Antonin Rozkopal: kann auch sein
1 day 21 hrs
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