Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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 Available answer options Select only one option A Reduce the rate to offset the additional premium. B Make sure the renewal exposures are aligned with the audited exposures. C Confront the producer about understating the exposure units on the application. D Initiate a fraud investigation on the new customer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started