Definitions

Dec Pages - Billing statement indicating the detailed calculation of the estimated payroll and premium. The insurance company issues this statement at the beginning of the policy period and is also known as the information pages, or dec. sheets.

Final Audit - Billing statement indicating if an additional premium due or a credit for overpaid premium. This is normally issued within six (6) months after expiration of the policy period.

Experience Modification Worksheet - Summary sheet prepared by either a rating bureau or the National Council on Compensation Insurance (NCCI). This sheet indicates detailed information on prior payroll and losses.

Loss Summaries - This is a history of the total amount paid by each claim for a specific policy period.

Auditor's Worksheets - Document that the payroll auditor prepares indicating the payroll for the audit period and how the payroll is classified before billing the final audit.

Description of Operations - What type of work is performed?