GVHR » Topics » Premium Audit

These excerpts taken from the GVHR 10-K filed Mar 16, 2009.

Premium Audit

 

Premium audits are required in all states covered under your Casualty Insurance Program.  AIG Risk Management has a staff devoted to the professional auditing of our accounts. An auditor will be available to meet with you to set the parameters and timetable for the audit process.  Records for audit purposes should be available at each location within 30 Days after the policy(ies) anniversary or expiration.

 

Any premium adjustment developed in the course of an audit of programs/plans that are subject to the terms of the Payment Agreement will be deferred until Plan Adjustment.  Changes in the premium amount, based on the completed audits, of all other types of program/plans, including Guaranteed cost programs, will be due within 30 Days of the billing date.

 

Premium
Audit



 



Premium audits are
required in all states covered under your Casualty Insurance Program.  AIG Risk Management has a staff devoted to
the professional auditing of our accounts. An auditor will be available to meet
with you to set the parameters and timetable for the audit process.  Records for audit purposes should be
available at each location within 30 Days after the policy(ies) anniversary or
expiration.



 



Any premium adjustment
developed in the course of an audit of programs/plans that are subject to the
terms of the Payment Agreement will be deferred until Plan Adjustment.  Changes in the premium amount, based on the
completed audits, of all other types of program/plans, including Guaranteed
cost programs, will be due within 30 Days of the billing date
.



 



Premium
Audit



 



Premium audits are
required in all states covered under your Casualty Insurance Program.  AIG Risk Management has a staff devoted to
the professional auditing of our accounts. An auditor will be available to meet
with you to set the parameters and timetable for the audit process.  Records for audit purposes should be
available at each location within 30 Days after the policy(ies) anniversary or
expiration.



 



Any premium adjustment
developed in the course of an audit of programs/plans that are subject to the
terms of the Payment Agreement will be deferred until Plan Adjustment.  Changes in the premium amount, based on the
completed audits, of all other types of program/plans, including Guaranteed
cost programs, will be due within 30 Days of the billing date
.



 



EXCERPTS ON THIS PAGE:

10-K (3 sections)
Mar 16, 2009

RELATED TOPICS for GVHR:

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