What is an Unbalanced Returned Premium (URP) TIQ?

An Unbalanced Returned Premium (URP) TIQ occurs when the credit filed in SLIP+ exceeds the total premium submitted for the same coverage code and policy period. An Unbalanced Returned Premium (URP) TIQ must be corrected by the SLIP+ user. To correct this TIQ, a user can update the credit endorsement, or submit the debit required to ensure the credit requested no longer exceeds the total premium paid for the policy period.