An insured has a condition in their casualty insurance policy that allows for inspection of financial records at the end of the term. What is this condition called?

The correct answer is "Deposit premium audit." This term refers specifically to a provision in certain casualty insurance policies that allows the insurer to verify the actual premiums owed based on the insured's financial records at the end of the policy term.

Typically, many casualty insurance policies are written on a deposit premium basis, where an initial estimated premium is collected. The actual premium is determined at the end of the term based on the insured’s actual exposure, such as payroll or sales figures. The deposit premium audit ensures that the premium reflects the real risk taken by the insurer based on verifiable financial data.

This is an important concept as it helps maintain fairness in the pricing of the insurance policy: if the insured had a lower risk than anticipated, they might receive a refund, while if the risk was higher, they may need to pay an additional premium. The other choices do not accurately capture this specific aspect of policy auditing related to premium calculations and adjustments.