YOU ASK:

What is the definition of Book of Business?

WE ANSWER:

The Book of Business provides information as to the total amount of insurance that an insurance company has in its books at a specific point in time. The Book of Business helps to determine the amount in client assets.

This lists the clients, their particular policies and the different details (face amount, cash values, etc.).

The Book of Business is used by other businesses such as insurance sales agents, financial advisors, investment bankers and private bankers, as well as financial planners. This refers to the list of client of the business or agent.

This is also called "accounts" or the list of "clients".

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