4.F.10

WITH ADDITIONAL PREMIUM NOTICE UPON AUDIT

Dear [Name]:

As you are aware, your [type of commercial] insurance is arranged on an adjustment premium basis, so we are enclosing an audit report of the figures for the period through [date].

We’re happy to see that the figures are higher than the original estimate because it signifies that you've had a year of greater business activity than anticipated. The additional charge applies to the difference between the original estimate and the actual figures as shown on the enclosed sheet.

We'd appreciate it if you would check the figures for accuracy, and send us a check for the amount due of $____ at your earliest convenience.

It’s always a pleasure to be of service to our valued clients. We appreciate your business and the confidence you have in the [Agency].

Sincerely,

4.F.11

WITH AUDIT RETURN PREMIUM

Dear [Name]:

Good news!

As you probably recall, your [type of commercial] insurance is arranged on an adjustment basis for premium. When the policy was issued to you, you were charged a deposit premium of $____. Since the report of the actual figures for the audit period shows that the premium should total only $_____, we are enclosing the audit statement and a check for the difference.

Your insurance costs for the policy year are thus reduced by this amount. If you have any questions, please call.

It’s always a pleasure to be of service to our valued clients. We appreciate your business and the confidence you have in the [Agency].

Sincerely,