Once
the premium audit results are known for the previous or cancelled policy term, if you have a current term policy we adjust the policy based on those results.
Not exact matches
A: On expired policies if there is an amount due as a
result of the
premium audit it is all billed on the
Premium Adjustment Statement.
Differences between the estimated information and the actual information obtained through the
audit may
result in payment of an additional
premium or a
premium refund.