The primary purpose of a premium audit is to calculate your final premium. When your policy was issued, the premium was an estimate of an exposure. basis (usually payroll or sales) multiplied by a rate. The rate used is determined. by how the exposure base is classified. The audit will examine your records to. establish the actual exposure basis and make sure that the correct classification.
Consent dividend is a dividend that some shareholders agree to give back or leave with the company issuing for the purpose of either expansion or increasing its cash positions. The shareholder also agrees to report the dividends for tax purposes.
Definition of dividend for English Language Learners. 1  finance : an amount of a company's profits that the company pays to people who own stock in the company. : 2  an advantage or benefit that you get because of something you have done. 3  mathematics : a number that is being divided by another number.