(A) Premium auditing is the verification of premium information included on an insurer’s financial statements.
(B) Premium auditing is a methodical examination of the insured’s operations,
records, and books of account to determine the actual exposure units and
premiums for insurance to be provided in the next policy period.
(C) Premium auditing is a regulatory function that determines if the insurer has paid the correct amount of premium taxes to the states in which it operates.
(D) Premium auditing is a methodical examination of the insured’s operations,
records, and books of account to assist in underwriting decision-making.
(E) Premium auditing is a methodical examination of the insured’s operations,
records, and books of account to determine the actual exposure units and
premiums for insurance already provided.