
amounts paid to an insurance company to cover potential hazards. Most insurance premiums are tax deductible to a business, except life insurance premiums when the company is the beneficiary. Most insurance premiums are not deductible by an individual, except that medical insurance premiums may be considered an itemized medical expense.
Industry Associations
National Society of Insurance Premium Auditors
Employees of insurance companies or fee service companies who are engaged in field, administrative, or support service policy auditing to determine insurance premiums. Develops study and proficiency testing procedures. Acts ...
Members: 600
Founded: 1975
Dues: individual, $95 annual; life, $15 annual.