Guide ID X85 Published 10/30/1998
Set ID 187 Version 004020
Name Premium Audit Request and Return
Purpose The Premium Audit Request and Return Implementation Guide describes the use of the ANSI ASC X12 Premium Audit Request and Return (187) transaction set for the following business usage:
  • To support the financial reconciliation of a property & casualty, auditable policy premium paid to actual risk at the expiration of the policy

The insurance company uses the 187 to audit the claims experience of a policy at the time of its expiration or termination.