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What Does Designation APA (Associate In Premium Auditing) Mean?

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Term Of The Day – Associate In Premium Auditing

APA or Associate in Premium Auditing is a professional designation awarded by the Insurance Institute of America (IIA). The goal is to Increase the premium auditor’s knowledge of auditing procedures.

From the IIA Brochure –

Picture Of Hand Presenting Associate In Premium Auditing Icon
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You will increase your overall insurance knowledge and become familiar with proper auditing procedures for a variety of situations. The program enables you to perform premium audits in an organized and professional manner. Specifically, you will increase your knowledge of insurance contracts, auditing procedures appropriate to a variety of complex situations, principles of insurance accounting, and the relationship of premium auditing to other insurance operations.

Required Courses – APA 91, APA 92, and CPCU 520 plus either CPCU 540 or 552 are required to earn this designation.

APA 91-Principles of Premium Auditing: Insurance Operations, Underwriting,Premium Audit Report, Law, Planning & Designing Premium Audits, Evaluating Accounting Systems, Insured’s Operations/Employees, Automation.

APA 92-Premium Auditing Applications: Insurance Rates and Rate Regulation; Workers’ Compensation Insurance and Premium Determination; Workers’ Compensation – Construction Operations; Maritime Workers’ Compensation Insurance and Premium Determination; Commercial General Liability Insurance, Classification, and Audit Procedures; Business Auto Insurance and Premium Determination; Motor Carrier Insurance and Premium Determination; Garage Insurance and Premium Determination; Commercial Property/Inland Marine Insurance and Premium Determination; and Other Premium Auditor Roles.

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James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications

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