Exam DISC-RM Practice Question 402
Study guide: Exam DISC-RM
A contractor's workers compensation policy was written on estimated payroll of $800,000 in one class rated at $6.00 per $100, with an experience mod of 1.15. At audit, payroll was $860,000. The contractor also paid $100,000 to a subcontractor doing the same work, which kept no payroll records and for which the contractor has no certificate of insurance. What is the audit adjustment?
- A) Additional premium of $4,140
- B) Additional premium of $9,600
- C) Additional premium of $11,040
- D) Additional premium of $66,240
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