N.M. Admin. Code § 13.17.6.10
Current through Register Vol. 35, No. 23, December 10, 2024
Upon audit at the end of the policy term, the carrier shall use the same credits in the calculation of the insured's final earned premium, provided that the carrier may verify the original qualification criteria as well as the data originally provided by the insured for the computation of the premium credits by reviewing those records upon which the insured's data were originally based. If this process uncovers any errors, revised payroll and/or hours worked data must be submitted to the WCSO. The carrier shall use the revised data to calculate corrected premium credits and revised premium.
N.M. Admin. Code § 13.17.6.10