No Fear Audits
PRM Compliance has your back
Reviews are always going to be part of crop insurance. From day one, PRM prepares customers for an almost inevitable review.
At PRM, our Compliance Center is on your team. Our #1 priority is to protect your operation, policy, subsidy, and claim check. We work together with you to ensure you are protected during reviews. We do that hard work. All you have to do is provide some documents.
Our Legacy of Trust and Expertise
This program has been carefully crafted to help you sleep easy at night, knowing that your crop insurance compliance is under control. Through our extensive experience, we have identified the most common issues that arise during compliance reviews.
The Sleep Easy Compliance Promise addresses these issues proactively, so when a review comes up, it will have minimal impact on your operation and your time.
Our program protects your subsidies, speeds up the review process, reduces document hassles during critical farming times, and even offers audit protection. With Sleep Easy, youโll be equipped to handle any compliance review smoothly and efficiently.
Benefits of
Sleep Easy
Accelerated
Review
Process
Less Hassle
Document
Collection
No Collections
During Busy
Periods
Sleep Easy
with Audit
Protection
Review Correction
Consequences
Premium Subsidy Loss
Refunding
Claim Checks
Premium
Increase
Sometimes Audits Are
Just A Matter of Time
USDA Automatic Triggers for Audits:
ย โ Claims over $200,000
ย โ Affiliate
ย โ Family member/relative of PRM employee
ย โ Consecutive loss adjuster
Top Three Issues In Audits
90% percent of audit corrections are for common issues.
By controlling the entire process, PRM can help prevent these issues before an audit occurs.
Issue
In late 2022, Precision Risk Management received a letter from the Risk Management Agency (RMA) where they completed an Improper Payments Elimination and Recovery Improvement Act (IPERIA) review on a PRM customer. RMA stated the customer received $30,000 in Indemnity Overpayment which resulted in a $7,000 Premium Overstatement. The agency asked for the customer to refund $23,000 of their Prevent Plant (PP) claim. They stated the customer was ineligible for a PP payment on their operationโs recently added land.
Compliance Center Actions to Protect Customer
PRMโs Compliance Center jumped into action to protect the customer. Working as a team, the Compliance Center and Risk Management Advisor investigated the whole story to find truth of the unique situation. The Compliance Centerโs background research showed the customer had been involved in the land for close to two decades. This evidence was sent to the Risk Management Agency defending the customer and asking for a reversal in their audit.
Resolution
After a reexamination of the evidence PRM provided, RMA reversed their decision of the $23,000 PP payment refund.
The IPERIA review was closed with no further action needed.
