Insurance Journal's Academy of Insurance
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Join us as we learn the ins and outs of Premium Auditing.
This 2-part series is broken down to two, 1-hour sessions which may be viewed at your convenience.
Certain exposures upon which the insurance premium is based cannot be definitively known at the beginning of the policy year, only estimated. Since the basis of premium is only estimated, the insurer is not positive they are receiving the correct premium for the insured exposure. To be assured that the insured paid the correct premium for the exposure covered by the insurance carrier, a premium audit is performed after the policy period ends.
This two-part series-within-a-series: