Common use of Audit Provisions Clause in Contracts

Audit Provisions. 5.1 MiliRisk shall maintain records of amounts billable to and payments made on behalf of Customer. In addition, MiliRisk shall maintain records of the data utilized to perform the Services defined in Exhibit I of the Agreement; until five years following the date of last file activity, or the period specified by the applicable state statute, whichever is the later unless such records are earlier returned to Customer. MiliRisk agrees to provide reasonable supporting documentation concerning any disputed invoice amount to Customer within 15 days after Customer provides written notification of the dispute to MiliRisk. Customer and an auditor selected by Customer shall have access to all such records upon mutually agreed upon prior notice for the purposes of audit and verification during normal business hours during the full term of this Agreement and during the respective periods in which MiliRisk is required to maintain such records. MiliRisk shall provide access to its books, records and bank accounts to the insurance department of the State of Florida in a form usable by the department.

Appears in 2 contracts

Samples: Claims Life Cycle Services Agreement (Inspire Insurance Solutions Inc), Claims Life Cycle Services Agreement (Inspire Insurance Solutions Inc)

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Audit Provisions. 5.1 MiliRisk shall maintain records of amounts billable to and payments made on behalf of Customer. In addition, MiliRisk shall maintain records of the data utilized to perform the Services defined in Exhibit I of the Agreement; Agreement until five years following the termination date of last file activitythe applicable policies, or the period specified by the applicable state statute, whichever is the later statute unless such records are earlier returned to Customer. MiliRisk agrees to provide reasonable supporting documentation concerning any disputed invoice amount to Customer within 15 days after Customer provides written notification of the dispute to MiliRisk. Customer and an auditor selected by Customer shall have access to all such records upon mutually agreed upon prior notice for the purposes of audit and verification during normal business hours during the full term of this Agreement and during the respective periods in which MiliRisk is required to maintain such records. MiliRisk shall provide access to its books, records and bank accounts to the insurance department of the State of Florida in a form usable by the department.

Appears in 2 contracts

Samples: Policy Life Cycle Services Agreement (Millers Mutual Fire Insurance Co), Policy Life Cycle Services Agreement (Inspire Insurance Solutions Inc)

Audit Provisions. 5.1 MiliRisk shall maintain records of amounts billable to and payments made on behalf of Customer. In addition, MiliRisk shall maintain records of the data utilized to perform the Services defined in Exhibit I of the Agreement; Agreement until five years following the termination date of last file activitythe applicable policies, or the period specified by the applicable state statute, whichever is the later statute unless such records are earlier returned to Customer. MiliRisk agrees to provide reasonable supporting documentation concerning any disputed invoice amount to Customer within 15 days after Customer provides written notification of the dispute to MiliRisk. Customer and an auditor selected by Customer shall have access to all such records upon mutually agreed upon prior notice for the purposes of audit and verification during normal business hours during the full term of this Agreement and during the respective periods in which MiliRisk is required to maintain such records. MiliRisk shall provide access to its books, records and sand bank accounts to the insurance department of the State of Florida in a form usable by the department.

Appears in 1 contract

Samples: Policy Life Cycle Services Agreement (Inspire Insurance Solutions Inc)

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Audit Provisions. 5.1 MiliRisk shall maintain records of amounts billable to and payments made on behalf of Customer. In addition, MiliRisk shall maintain records of the data utilized to perform the Services defined in Exhibit I of the Agreement; Agreement until five years following the date of last file activity, or the period specified by the applicable state statute, whichever is the later unless such records are earlier returned to Customer. MiliRisk agrees to provide reasonable supporting documentation concerning any disputed invoice amount to Customer within 15 days after Customer provides written notification of the dispute to MiliRisk. Customer and an auditor selected by Customer shall have access to all such records upon mutually agreed upon prior notice for the purposes of audit and verification during normal business hours during the full term of this Agreement and during the respective periods in which MiliRisk is required to maintain such records. MiliRisk shall provide access to its books, records and bank accounts to the insurance department of the State of Florida in a form usable by the department.

Appears in 1 contract

Samples: Claims Life Cycle Services Agreement (Millers Mutual Fire Insurance Co)

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