Verifying your experience modification is extremely important since over 50% have errors and most errors are in favor of the insurance carrier. This verification is not something that most insurance agents are going to automatically do and you need to take an active role in this process to manage your insurance agent on an annual basis. And remember, you must set a suspense for 6 months prior to your renewal date to review all open claims with the claims adjuster to see if any have been recently closed or if they are getting ready to have a reserve take down. Any such takedowns must be reported to the rating body 4 months prior to your renewal date to be taken into account on your experience modification.