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Rules for Developing the Correct Premium

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Rules for Developing the Correct Premium

While classroom courses are on hold, we encourage you to visit ABEN or select a CEP webinar listed below to complete your CE credits during this time.  My Agency Campus will also continue to help agencies support employee onboarding, training, and advancement. Please feel free to contact us at any time with questions.

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Rules for Developing the Correct Premium

Friday, September 10, 2021

Description

2:30 PM - 4:30 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.


Since agents are often caught in the middle of an audit, they need to understand all the facets involved.

This Big "I" VU webinar discusses:

  1. The various entities and agencies involved in creating premium audit rules and guidelines;
  2. Who is and is not included in audits;
  3. The who, what, and how of workers' compensation audits;
  4. The who, what, and how of commercial general liability audits;
  5. Some highlights of commercial auto and garage audits; and
  6. The "ABC's" or rules of premium audits.

Approved for 2 CE Credits

IIABA
Event Contact
Jennifer Kacmarsky
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Friday, September 10, 2021
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