answersLogoWhite

0


Best Answer

Yes many Liability Policy are subject to audits which occur on policies after the term dates. The reason for this is that the original policy premium is generally based on estimates of of the exposure basis (i.e. payrolls, receipts, etc.) The insurance company is entitled to audit at the end of the policy term to adjust the premium to reflect the actual exposures.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can an insurance company that issued a general liability policy send a bill pursuant to an audit and request additional premiums on a policy that expired 6 months earlier?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What is the appropriate federal withholding amount?

There are many ways to do so...questions on why your withholding is what it is should be addressed to whoever is making the calculation, which is done pursuant to the info you provide on your W-4.If you need to adjust it, because your circumstances require more or less to be withheld to approximate your liability after other income, or special dedcutions you may have...that can be done through them. The amount wittheld, like the amount of tax actually determined to be due, is dependent on many, many factors...such as your maritial and family status, other income and expenses, how other employer beenfits are handled (like retirement contributions, health and medical, etc., etc). It is very reasonable to say that even 2 people at the same job making the same salary will commonly have very different amounts withheld.


What are the steps in filing the 11k form?

Form 11 K is used FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934GENERAL INSTRUCTIONSsec.gov/about/forms/form11-k.pdOMB Number: 3235-0082 Expires: September 30, 2012


What percentage is taken out of your paycheck for taxes in the state of Tennessee?

There are many ways to figure it, and of course, evewn what you consider tax (Unemployment contributions?, FICA?, workers compe?, etc, so...questions on why your withholding is what it is should be addressed to whoever is making the calculation, which is done pursuant to the info you provide on your W-4.If you need to adjust it, because your circumstances require more or less to be withheld to approximate your liability after other income, or special dedcutions you may have...that can be done through them. The amount wittheld, like the amount of tax actually determined to be due, is dependent on many, many factors...such as your maritial and family status, other income and expenses, how other employer benefits are handled (like retirement contributions, health and medical, etc., etc). It is very reasonable to say that even 2 people at the same job making the same salary will commonly have very different amounts withheld.


If you live in ny and work in NJ how much taxes are taken out of your paycheck?

There are many ways to figure it, and of course, even what you consider tax (Unemployment contributions?, FICA?, workers comp?, Federal tax, and State, and city...as city resident or not...etc,) so...questions on why your withholding is what it is should be addressed to whoever is making the calculation, which is done pursuant to the info you provide on your W-4.If you need to adjust it, because your circumstances require more or less to be withheld to approximate your liability after other income, or special dedcutions you may have...that can be done through them.The amount wittheld, like the amount of tax actually determined to be due, is dependent on many, many factors...such as your maritial and family status, other income and expenses, how other employer benefits are handled (like retirement contributions, health and medical, etc., etc). It is very reasonable to say that even 2 people at the same job making the same salary will commonly have very different amounts withheld.


How much taxes are taken out of 170000?

There are many ways to calculate how to do so...questions on why your withholding is what it is should be addressed to whoever is making the calculation, which is done pursuant to the info you provide on your W-4.If you need to adjust it, because your circumstances require more or less to be withheld to approximate your liability after other income, or special dedcutions you may have...that can be done through them. The amount withhels is under YOUR control...it is NOT a fixed or set amount. The amount wittheld, like the amount of tax actually determined to be due, is dependent on many, many factors...such as your maritial and family status, other income and expenses, how other employer beenfits are handled (like retirement contributions, health and medical, etc., etc). It is very reasonable to say that even 2 people at the same job making the same salary will commonly have very different amounts withheld.And of course, what you consider taxes enters into the question. Many things are wittheld that really aren't tax...FICA/SS, Unemployment, Disability, etc.

Related questions

What do PA equine liability signs say?

They say, "You assume the risk of equine activities pursuant to Pennsylvania Law". Must by 3 ft x 2ft.


How long is your car insured for?

In one sense, it is covered for as long as the insurance company elects to keep you as an insured. That said, there are regulations in all states concerning the circumstances pursuant to which a company may discontinue coverage, and the insurer will specify these in its underwriting guidelines. Continued coverage is also contingent upon the prompt payment of premiums and compliance with other conditions of coverage.


Can you be sued above and beyond what the liability on your daughter's car insurance is if you are the primary on the co-signed loan?

It depends on who's suing you, a private individual pursuant to a crash or the insurance company. First, yes you can be sued as a co-signer. If the insurance comapany is suing you, the can only sue for specific damages. If an individual is suing you, the can sue above the specified amount, as many try to do for pain and suffering, aggravation, loss of wages. There are very few causes of action, however in a crash and the person usually only gets the original amount.


How do you use pursuant in a sentence?

I am giving you these flowers pursuant to our date this evening.


What is the past tense of pursuant?

Pursuant is an adjective so it doesn't have a past tense.


Can you use the word pursuant in a sentence?

They submitted the correct documents pursuant to the law applying for a visa.


Who sees your life insurance payout?

When a person gets a life insurance policy, they choose a beneficiary who will receive the moneys that are assured. The beneficiary only sees that money, though, if you die pursuant to the terms and conditions of the agreement (i.e. suicide typically does not lead to payout).


Can a homeowners insurance company force you to use their contractor for repairs?

No, an insurance company cannot force you to use their own contractor unless they invoke their option to repair pursuant to the policy. Take a look at your policy and ask the company if they are invoking their option to repair. If not, you are free to use your own contractor.


Can a Medicare advantage insurance company request an overpayment refund at any time?

No. Pursuant to recent federal law, a plan can only go back five years from the payment date to request a refund.


Is there a way to find someones auto insurance info?

Well, you could ask them. If this is pursuant to an auto crash or something like that, insurance info can be obtained through the NCIC database used by law enforcement personnel, though they may not release that information to you. If this is about a crash, your best bet is to submit the accident to your insurance company and let them track down the other company.


How can you locate a person's auto insurance carrier?

If it's pursuant to an auto accident, your local police department might be able to assist you, so long as you have information on the person such as a license plate or license number. Your own insurance company should also be able to find the carrier, so long as it's to submit an accident claim.


What is the official religion in us?

There is no "official" religion in the United States where religion must be separated from government pursuant the the United States Constitution.There is no "official" religion in the United States where religion must be separated from government pursuant the the United States Constitution.There is no "official" religion in the United States where religion must be separated from government pursuant the the United States Constitution.There is no "official" religion in the United States where religion must be separated from government pursuant the the United States Constitution.