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Field Examination

Field Examination for Large Commercial Finance Company

Durkin Group was engaged by a Large Commercial Finance Company to perform a survey field examination on a insurance premium finance company. The company finances both property and casualty insurance premiums for individuals and businesses.  The insurance premium finance company had wide fluctuations in their receivable base due to the timing of both payments and insurance premium due dates. Based on the fluctuations, the field examiner recommended daily reporting. The Large Commercial Finance Company and its client were able to negotiate a reporting structure which gave the insurance premium finance company the adequate capital that it needed to grow.

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