First Year Expenses


Definition of "First year expenses"

Nora  A. Drury Associate Broker real estate agent
Nora A. Drury Associate Broker, Real Estate Agent Fales Realty

Costs associated with the selling of a new insurance policy to a policyholder. The costs include the acquisition commission as a percentage of the first year's premium, underwriting charges, and the issuing of the policy charges.

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