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An insured's business policy is based on the value of the inventory in the store. This varies over the course of the year. The policy
An insured's business policy is based on the value of the inventory in the store. This varies over the course of the year. The policy allows for quarterly adjustments based on the insured reporting the current inventory value. After the policy year, the insurer wants to audit the business records for those values. Explain whether this is appropriate and what it means for the insured.
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