Common use of Premium Audit Clause in Contracts

Premium Audit. a. We will compute all premiums for this insurance in accordance with our rules and rates. b. Premium shown in this insurance as advance premium is a deposit premium only. At the close of each audit period we will compute the earned premium for that period. Audit premiums are due and payable on notice to the first "Named Insured". If the sum of the advance and audit premiums paid for the policy period is greater than the earned premium, we will return the excess to the first Named Insured subject to the retention of the minimum retained premium shown in the Declarations of this policy. c. The first Named Insured must keep records of the information we need for premium computation, and send us copies at such times as we may request.

Premium Audit. a. We will compute all premiums for this insurance policy in accordance with our rules and rates. b. Premium shown in this insurance policy as advance premium is a deposit premium only. At the close of each audit period we will compute the earned premium for that period. Audit premiums are due and payable on notice to the first "Named Insured". If the sum of the advance and audit premiums paid for the policy period term is greater than the earned premium, we will return the excess to the first Named Insured subject to the retention of the minimum retained premium shown in the Declarations of this policy. c. The first Named Insured must keep records of the information we need for premium computation, and send us copies at such times as we may request.

Premium Audit. a. We will compute all premiums for this insurance Coverage Form in accordance with our rules and rates. b. Premium shown in this insurance Coverage Form as advance premium is a deposit premium pre- mium only. At the close of each audit period we will compute the earned premium for that period. Audit premiums premi- ums are due and payable on the notice to the first "Named Insured". If the sum of the advance and audit premiums paid for the policy period term is greater than the earned premium, we will return the excess to the first Named Insured subject to the retention of the minimum retained premium shown in the Declarations of this policyInsured. c. The first Named Insured must keep records of the information we need for premium computation, and send us copies at such times time as we may requestre- quest.

Premium Audit. a. We will compute all premiums for this insurance in accordance with our rules and rates. b. Premium shown in this insurance as advance premium is a deposit premium only. At the close of each audit period we will compute the earned premium for that period. Audit premiums are due and payable on notice to the first "Named Insured". If the sum of the advance and audit premiums paid for the policy period is greater than the earned premium, we will return the excess to the first Named Insured subject to the retention of the minimum retained premium shown in the Declarations of this policy. c. The first Named Insured must keep records of the information we need for premium computation, and send us copies at such times as we may request.

Premium Audit. a. We will compute all premiums for this insurance form in accordance with our rules and rates. b. Premium shown in this insurance on the Declaration Page as advance total premium is a deposit premium only. At the close of each audit period we will compute the earned premium for that period. Audit premiums are due and payable on notice to the first "Named Insured". If the sum of the advance total and audit premiums paid for the policy period term is greater than the earned premium, we will return the excess to the first Named Insured subject to the retention of the minimum retained premium shown in on the Declarations of this policyDeclaration Page. c. The first Named Insured must keep records of the information we need for premium computation, and send us copies at such times as we may request.

Premium Audit. a. (a) We will compute all premiums for this insurance policy in accordance with our rules and rates. b. (b) Premium shown in this insurance policy as advance premium is a deposit premium only. At the close of each audit period we will compute the earned premium for that period. Audit premiums are due and payable on notice to the first "Named Insured". If the sum of the advance and audit premiums paid for the policy period term is greater than the earned premium, we will return the excess to the first Named Insured subject to the retention of the minimum retained premium shown in the Declarations of this policy. c. (c) The first Named Insured must keep records of the information we need for premium computation, and send us copies at such times as we may request.

Premium Audit. a. We will compute all premiums for this insurance policy in accordance with our rules and rates. b. Premium shown in this insurance policy as advance premium is a deposit premium only. At the close of each audit period we will compute the earned premium for that period. Audit premiums are due and payable on notice to the first "Named Insured". If the sum of the advance and audit premiums paid for the policy period is greater than the earned premium, we will return the excess to the first Named Insured subject to the retention of the minimum retained premium shown in the Declarations of this policy. c. The first Named Insured must keep records of the information we need for premium computation, and send us copies at such times as we may request...