Bill is a premium auditor for Jackson Insurance. When he completed a general liability audit for a new customer at the end of the policy period, he discovered that the sales were 20 percent higher than those used for the provisional premium. After processing the audit, Bill should contact the underwriter Anna and suggest that she:________
A. Reduce the rate to offset the additional premium.
B. Initiate a fraud investigation on the new customer.
C. Confront the producer about understating the exposure units on the application.
D. Make sure the renewal exposures are aligned with the audited exposures.

Question

18-06-2024
Business

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Bill is a premium auditor for Jackson Insurance. When he completed a general liability audit for a new customer at the end of the policy period, he discovered that the sales were 20 percent higher than those used for the provisional premium. After processing the audit, Bill should contact the underwriter Anna and suggest that she:________
A. Reduce the rate to offset the additional premium.
B. Initiate a fraud investigation on the new customer.
C. Confront the producer about understating the exposure units on the application.
D. Make sure the renewal exposures are aligned with the audited exposures.

Sagot :

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