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Premium Auditing – What Every Agent Must Know

Total Credits: 2 including 2 CE Credit



Insurance premiums are based upon certain exposures which cannot be definitively known at policy inception, only estimated. Since the basis of premium is only estimated, the insurer may not be paid the correct premium for the insured exposure. To assure proper premiums, a premium audit is performed after the policy period ends. In this class we discuss

  • The various entities and agencies involved in creating premium audit rules and guidelines;
  • Who is and is not include in audits;
  • The who, what and how of workers’ compensation audits;
  • The who, what and how of commercial general liability audits;
  • Some highlights of commercial auto and garage audits; and
  • The “ABC’s” (or rules) of premium audits.

Course Materials


Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS's Profile

Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS Related Seminars and Products

Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS, joined the insurance industry in 1990. He is the Executive Director of the Independent Insurance Agents and Brokers of America (Big "I") Virtual University. His current duties involve researching, writing, and teaching property and casualty insurance coverages and concepts to Big "I" members and others in the insurance industry.

During his career, Boggs has authored more than 300 insurance and risk management-related articles on a wide range of topics as diverse as Credit Default Swaps, the MCS-90, and enterprise risk management. In addition to this, Boggs has written 13 insurance and risk management books:

  • "The Insurance Professional's Practical Guide to Workers' Compensation: From History through Audit," now in its second edition;
  • "Business Income Insurance Demystified: The Simplified Guide to Time Element Coverages," now in its third edition;
  • "Property and Casualty Insurance Concepts Simplified: The Ultimate 'How to' Insurance Guide for Agents, Brokers, Underwriters and Adjusters;"
  • "Wow! I Never Knew That! 12 of the Most Misunderstood and Misused P&C Coverages, Concepts and Exclusions;"
  • "Insurance, Risk & Risk Management! The Insurance Professional's Guide to Risk Management and Insurance;"
  • "Workers' Compensation: How You Can Effectively Answer Your Clients 12 Most Commonly Asked Questions;"
  • "Glossary of Insurance Terms;"
  • "Choosing the Best Risk Financing Option;"
  • "Writing Property and Liability Coverage for Condos;"
  • "The Truth about Enterprise Risk Management;"
  • "The Experience Mod Worksheet;"
  • "What has ISO Done to us Now?" and
  • "Cancellations, Non-Renewals & Conditional Renewals: THE Insurance Professional's Guide to Statutory Insurance Carrier Notification Requirements for All 50 States!"

Boggs is a regular speaker at industry events, speaking for groups such as the National Association of Mutual Insurance Companies (NAMIC), the National Society of Insurance Premium Auditors (NSIPA), the American Association of Managing General Agents (AAMGA), the Institute of Work Comp Professionals (IWCP), and the CPCU Society.

A graduate of Liberty University with a bachelor's degree in Journalism, Boggs' background includes work as a risk management consultant, loss control representative, producer, claims manager, and quality assurance specialist


Tue, Jun 04, 2024 - 08:00am to 09:52am PDT
Thu, Jun 27, 2024 - 10:00am to 11:52am PDT
Wed, Jul 10, 2024 - 12:00pm to 01:52pm PDT
Thu, Jul 25, 2024 - 06:00am to 07:52am PDT
Thu, Aug 08, 2024 - 08:00am to 09:52am PDT
Tue, Aug 20, 2024 - 10:00am to 11:52am PDT
Tue, Sep 10, 2024 - 12:00pm to 01:52pm PDT
Fri, Sep 20, 2024 - 06:00am to 07:52am PDT
Mon, Oct 14, 2024 - 08:00am to 09:52am PDT
Wed, Oct 30, 2024 - 10:00am to 11:52am PDT
Wed, Nov 06, 2024 - 12:00pm to 01:52pm PST
Tue, Nov 19, 2024 - 06:00am to 07:52am PST
Fri, Dec 13, 2024 - 08:00am to 09:52am PST
Mon, Dec 23, 2024 - 10:00am to 11:52am PST



Overall:      4.8

Total Reviews: 122