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.
Explicit Consent. Explicit consent â also known as express or direct consent â means that an individual is clearly presented with an option to agree or disagree with the collection, use, or disclosure of personal information.mplicit consent â also known as deemed or indirect consent â can mean two things: 1  You voluntarily personal information for an organization to collect, use, or disclose for purposes that would be considered obvious at the time, or.