Audit Report Number: 2-24
Issue Date: August 19, 2002
This report may contain proprietary information subject to the provisions of 18 USC 1905 and must not be released to the public or another agency without permission of the Office of Inspector General.
To: Dionne Neal. Acting Associate Administrator, Office of Surety Guarantees
From: Robert G. Seabrooks, Assistant Inspector General for Auditing
Subject: Audit of Loss Adjustment Expenses Incurred on Quality Trust, Inc. Bonds
As a result of a compliant recieved from [FOIA EX. 6] Quality Trust, Inc. (Quality Trust), we completed an audit of the loss adjustment expenses (LAEs) claimed on all SBA guaranteed bonds issued to Quality Trust by Gulf Insurance Group (Gulf).
To view the complete article, please see the attachment below.