Carriers Now Can Use Audit Noncompliance Charge

The Minnesota Department of Commerce has established an audit noncompliance charge to aid carriers that cannot obtain necessary policyholder records to perform premium audits. NCCI Item B-1429 takes effect Jan. 1 for all new and renewal business, a letter to members of the Minnesota Workers’ Compensation Insurers Association says. The new rules include requiring carriers to attach the newly established ANC endorsement (WC 00 04 24) to every policy subject to audit, to make two attempts to obtain audit information and properly document those attempts, and allowing carriers to apply a ch...