Daily Report

What Does Daily Report Mean?

A daily report is a document that provides information pertinent to a specific insurance policy. It may include details such as the premium amounts, the date of issue, and the insured’s name. Daily reports are typically distributed to insurance agents, the insurer, and other parties involved in the contract.

Insuranceopedia Explains Daily Report

Daily reports often serve as the top page of a policy. They are shared with parties involved in issuing and managing the policy, ensuring they stay informed about updates and details. For instance, the insurance agent who sold the policy may require a copy of the daily report to verify the sale information. This data could also be essential for calculating the agent’s commission on the sale.