Which of the following is NOT a method of Premium Audit?

Premium auditing is an essential process in the insurance industry, particularly for ensuring that policyholders are paying the correct premiums based on their actual exposure and risk rather than just estimates. Various methods are employed during the premium audit process:

The method deemed as NOT a type of premium audit is electronic auditing. This method typically refers to digital processes that might supplement or enhance traditional audits but do not stand on their own as recognized methods of premium auditing.

Other approaches, such as physical audits, involve on-site evaluations where auditors physically inspect business operations and records. Estimated audits rely on projections based on prior records or standards in the industry, while voluntary audits are initiated by the policyholder without being mandated by the insurer.

In contrast, electronic audits do not encompass the common practices of auditing and lack the direct, comprehensive analysis provided by physical presence or estimated calculations. They may facilitate information gathering but are not recognized as a standalone method of the premium auditing process.