Which type of income includes commercial lines commission?

The correct answer is revenues because commercial lines commission is a form of income generated from the sale of insurance products that fall under commercial lines. This type of income is recognized as revenue since it represents the earnings accrued through business operations in an agency or brokerage context.

Revenues encompass all income generated from the core activities of a business, including commissions from insurance policies. In the case of an insurance agency, these commissions for commercial lines are integral to its financial performance, contributing directly to the overall gross revenue.

Other types of income, such as service income, life and benefits commission, and fee income, represent more specialized forms of revenue. Service income typically pertains to fees charged for services rendered, life and benefits commission focuses specifically on commissions from life insurance products, and fee income can consist of various charges for specific services. While these forms might reflect income, they do not encapsulate the broader category of general revenues that include all types of commissions generated from sales in commercial insurance lines.