acquisition costs definition

glossary: acquisition costs definition

Glossary: acquisition costs

Acquisition costs are expenses incurred to acquire new business premiums and conserve renewal business. Acquisition costs includes costs of soliciting business, issuance of policies, collection of premium, agents' compensation, field supervision, advertising, and any other expense reasonably attributable to acquisition and conservation of written premiums.

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Definition: acquisition costs

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Glossary: acquisition costs business plan definition - 2001-2003 HJ Ventures International, Inc.