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Back   Premium Audit Request and Return (004020X085)

Purpose

The Premium Audit Request and Return Implementation Guide describes the use of the ANSI ASC X12 Premium Audit Request and Return (187) transaction set for the following business usage:
  • To support the financial reconciliation of a property & casualty, auditable policy premium paid to actual risk at the expiration of the policy

The insurance company uses the 187 to audit the claims experience of a policy at the time of its expiration or termination.

Primary Trading Partners

The primary trading partners are property & casualty insurance companies and service bureaus specializing in premium auditing.

Exceptions/Limitations

The Premium Audit Request and Return Implementation Guide is intended for property & casualty auditable workers' compensation, general liability, commercial vehicles, and Hazard I and Hazard II type policies.

References

This is the first implementation guide for this business purpose.

Coordination

No coordination required at this time with other ANSI ASC X12 Subcommittees.

Additional Information

Registered 4/24/1997 Published 10/10/1999
Transaction Set ID 187 Standard Version 004020
ASC X12 DM# Owning Group X12N/TG1