True and False

1. Failure to provide certificates of insurance from independent contractors may cause the "payroll" to be added to the WC or liability premium in the audit. 2. Predictive modeling and experience are factors that enter into the premium audit decision _ _Worker's Compensation excludable payroll items include part-time employees. Premium Auditing is an end onto itself and is never integrated with other insurance functions. 5. Loss control functions help the insured with OSHA, environmental and ADA compliance. It is the policyholder's responsibility to implement Safety Management Programs. _ The insurance industry has ethical reasons to reduce losses and accidents within our communities. Loss control may help reduce errors and omissions against the insurance company. The annual premium for the year is referred to as the Finite Premium