- (Renewal Billing) This is a billing statement
indicating the estimated payroll, rates, discounts, etc. The insurance
company issues this statement at the beginning of the policy period.
This item is also known as the information page, or dec. sheet.
- (Final Audit) This is a billing statement indicating
an additional premium or a credit for overpaid premium. This is
normally issued within six (6) months after the end of a policy
period.
- (Experience Modification Worksheet) This is a
summary sheet prepared by either a rating bureau or the National
Council on Compensation Insurance (NCCI). This sheet indicates detailed
information on prior payroll and losses.
- (Loss Summaries) This is a history of the total
amount paid by each individual claim for a specific policy period.
- (Auditor's Worksheet) This is the document that
the auditor prepares indicating the payroll for the audit period
and how the payroll is classified before billing the final audit.
- (Description of Operations) What type of work
is performed?
- (Endorsements) Written documentation showing
changes in the policy. Such as adding or removing coverage or additional
locations.
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