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Policy Support

Premium Audit

A premium audit is an annual review of your records at the end of the policy period so that we may determine the amount of your final earned premium. Since the premium base of a policy is estimated at the beginning of a policy year it is necessary to do this examination to accurately determine your final earned premium. 

Generally, the final earned premium is based on the amount of
remuneration for each job class code covered on the policy.

New! Online Audit

Now policyholders of a certain size premium can easily and securely submit information online to reconcile premiums. All eligible policyholders will receive a security code by mail which will allow them to upload documents and enter needed information.

Online audit is part of our ongoing effort to enhance customer service and convenience for our policyholders. 

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If you have any questions, please do not hesitate to contact our Audit Department at 1-800-660-1306 or audit@memic.com.