Ohio Admin. Code 4123-20-06 - [Effective until 7/1/2025] Audits and inspections
(A) At any time during the term of any marine
industry fund insurance policy, and for a period of two years after the
termination of any such policy, the marine industry fund or its authorized
agents shall have the right to make reasonable inspections of the insured's
place of business, and any records, payrolls, books of account, ledgers, or
contracts which reflect upon the payroll expenditures of the insured, or the
allocation of such payroll expenditures to the appropriate manual
classifications.
(B) Refusal on
the part of the insured to permit reasonable audits and inspections, or willful
interference by the insured with the authorized agents of the marine industry
fund carrying out any audit or inspection, shall be sufficient reason for
cancellation of the marine industry fund coverage of the insured.
(C) If the findings of any audit or
inspection reveal a discrepancy in the amount of premium paid by the insured
for any period, the fund shall have the right to adjust the account of the
insured in accordance with the audit findings.
Notes
Promulgated Under: 119.03
Statutory Authority: 4121.12, 4121.121
Rule Amplifies: 4131.13, 4131.14
Prior Effective Dates: 03/23/1981, 12/18/1989 (Emer.), 02/22/1990
Promulgated Under: 119.03
Statutory Authority: 4121.12, 4121.121
Rule Amplifies: 4131.13, 4131.14
Prior Effective Dates: 3/23/81, 12/18/89 (Emer.), 2/22/90
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(A) At any time during the term of any marine industry fund insurance policy, and for a period of two years after the termination of any such policy, the marine industry fund or its authorized agents shall have the right to make reasonable inspections of the insured's place of business, and any records, payrolls, books of account, ledgers, or contracts which reflect upon the payroll expenditures of the insured, or the allocation of such payroll expenditures to the appropriate manual classifications.
(B) Refusal on the part of the insured to permit reasonable audits and inspections, or willful interference by the insured with the authorized agents of the marine industry fund carrying out any audit or inspection, shall be sufficient reason for cancellation of the marine industry fund coverage of the insured.
(C) If the findings of any audit or inspection reveal a discrepancy in the amount of premium paid by the insured for any period, the fund shall have the right to adjust the account of the insured in accordance with the audit findings.
Notes
Promulgated Under: 119.03
Statutory Authority: 4121.12, 4121.121
Rule Amplifies: 4131.13, 4131.14
Prior Effective Dates: 03/23/1981, 12/18/1989 (Emer.), 02/22/1990
Promulgated Under: 119.03
Statutory Authority: 4121.12, 4121.121
Rule Amplifies: 4131.13, 4131.14
Prior Effective Dates: 3/23/81, 12/18/89 (Emer.), 2/22/90