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WORKERS COMPENSATION AND EMPLOYERS LIABILITY INSURANCE POLICY WC 00 00 00 C ( Ed . 1 - 15) papers related to the injury, claim , proceeding D . Premium Payments or suit . You will pay all premium when due . You will pay the 4 . Cooperate with us and assist us , as we may re- premium even if part or all of a workers compensa- quest , in the investigation , settlement or defense tion law is not valid . of any claim , proceeding or suit . 5 . Do nothing after an injury occurs that would in - E . Final Premium terfere with our right to recover from others . The premium shown on the Information Page , 6 . Do not voluntarily make payments , assume obli- schedules , and endorsements is an estimate . The gations or incur expenses , except at your own final premium will be determined after this policy cost, ends by using the actual , not the estimated , premi- um basis and the proper classifications and rates PART FIVE that lawfully apply to the business and work covered by this policy. If the final premium is more than the PREMIUM premium you paid to us , you must pay us the bal- ance . If it is less , we will refund the balance to you . A . Our Manuals The final premium will not be less than the highest All premium for this policy will be determined by our minimum premium for the classifications covered by manuals of rules , rates , rating plans and classifica- this policy . tions . We may change our manuals and apply the If this policy is canceled , final premium will be de- changes to this policy if authorized by law or a gov. termined in the following way unless our manuals ernmental agency regulating this insurance . provide otherwise : 1 . If we cancel , final premium will be calculated pro B . Classifications rata based on the time this policy was in force . Item 4 of the Information Page shows the rate and Final premium will not be less than the pro rata premium basis for certain business or work classifi- share of the minimum premium . cations . These classifications were assigned based 24 If you cancel , final premium will be more than on an estimate of the exposures you would have pro rata ; it will be based on the time this policy during the policy period . If your actual exposures are was in force , and increased by our short-rate not properly described by those classifications , we cancelation table and procedure . Final premium will assign proper classifications , rates and premium will not be less than the minimum premium . basis by endorsement to this policy . F . Records C . Remuneration You will keep records of information needed to com - Premium for each work classification is determined pute premium . You will provide us with copies of by multiplying a rate times a premium basis . Remu- those records when we ask for them . neration is the most common premium basis . This premium basis includes payroll and all other remu - G . Audit neration paid or payable during the policy period for the services of: You will let us examine and audit all your records 1 . all your officers and employees engaged in work that relate to this policy. These records include ledg- covered by this policy; and ers , journals , registers , vouchers , contracts , tax re- ports , payroll and disbursement records , and pro- 2 . all other persons engaged in work that could grams for storing and retrieving data . We may con- make us liable under Part One (Workers Com - duct the audits during regular business hours during pensation Insurance) of this policy . If you do not the policy period and within three years after the pol- i have payroll records for these persons , the con - icy period ends . Information developed by audit will tract price for their services and materials may be used to determine final premium . Insurance rate be used as the premium basis . This paragraph 2 service organizations have the same rights we have will not apply if you give us proof that the em- under this provision , ployers of these persons lawfully secured their workers compensation obligations . 5 of 6 © Copyright 2013 National Council on Compensation Insurance, Inc . All Rights Reserved .