What Does Collection Book Mean?

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What does Collection Book mean? Read on to discover the definition & meaning of the term Collection Book - to help you better understand the language used in insurance policies.

Collection Book

Collection Book

A collection book is a book used by debit agents to keep track of payments made on insurance policies. Collection books include information such as the amount collected, the week it was collected, and the policy period for the specific insurance policy that the debit agent is collecting on.

We hope the you have a better understanding of the meaning of Collection Book.

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