What does Expense Allowance mean? Read on to discover the definition & meaning of the term Expense Allowance - to help you better understand the language used in insurance policies.
An expense allowance is the amount of money an insurance company gives to an agent, not include the money they earn from commissions. This money could be issued to reimburse business-related expenses given prior to business transactions.
We hope the you have a better understanding of the meaning of Expense Allowance.