# Property & Casualty Exam Prep 70, Premium Audits and Deposit Premiums

Page: https://stenobird.com/podcast/insurance-exam-prep-7644557/property-casualty-exam-prep-70-premium-audits-and-deposit-premiums
Text version: https://stenobird.com/podcast/insurance-exam-prep-7644557/property-casualty-exam-prep-70-premium-audits-and-deposit-premiums.md
Podcast: [Insurance Exam Prep](https://stenobird.com/podcast/insurance-exam-prep-7644557)
Published: 2026-08-11T23:26:01+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/9bc60697-d376-49c0-bd19-2452bdaa4574.mp3
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Duration seconds: 186

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - A deposit premium is an estimated, upfront payment for auditable policies like Workers' Compensation and General Liability. - Auditable policy premiums are based on variable exposures, such as payroll for Workers' Comp or gross sales for General Liability. - A final audit occurs after the policy period to compare the initial estimates with the actual exposures. - If actual exposure is higher than estimated, an additional premium is due; if lower, a return premium is issued. - A key exam trap involves employee misclassification found during an audit, which can drastically change the final premium even if total payroll was estimated correctly. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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