Which one of the following statements is true regarding premium audits? Available answer options Select only one option A The primary reason premium audits are conducted is to deter fraud. B Premium audits must be conducted annually to be an effective control on the integrity of the premium computation and collection process. C The actual premium for a policy written subject to audit can be calculated only after the end of the policy period. D Premium audits are required by state regulation for any commercial account for which the premium is based on payroll or sales