Premium Auditing – What Every Agent Must Know

Description

Are you NEW to ABEN? Use Code 1stABEN40 at checkout to receive your 40% discount! It can be used on the purchase of multiple classes, as long as they are included in the same transaction. ABEN offers high-quality CE and professional development Webcasts via live-streaming video.

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11:00 AM - 1:00 PM

Insurance premiums are based upon certain exposures which cannot be definitively known at policy inception, only estimated. Since the basis of premium is only estimated, the insurer may not be paid the correct premium for the insured exposure. To assure proper premiums, a premium audit is performed after the policy period ends. In this class we discuss

• The various entities and agencies involved in creating premium audit rules and guidelines;
• Who is and is not include in audits;
• The who, what and how of workers’ compensation audits;
• The who, what and how of commercial general liability audits;
• Some highlights of commercial auto and garage audits; and
• The “ABC’s” (or rules) of premium audits.

Approved for 2 NJCE Credits