The Pennsylvania Compensation Rating Bureau (PCRB) announced on Monday it has revised its test audit program for insurers, effective July 1.PCRB said in a regulatory notice that the purpose of the test audit program is to monitor the accuracy and consistency of premium audits conducted by carriers as it relates to job classifications, rating values, experience modifications and related rules.The rating bureau said the term "carrier" is used throughout the test audit program to mean carrier group.Carriers are selected on a random basis for test audits on a monthly basis.The bureau selected poli...
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