Ohio Admin. Code 4123-20-06 - [Effective 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 bureau of workers' compensation has 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 classification codes.

(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 bureau carrying out any audit or inspection, shall be is 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 bureau has the right to adjust the account of the insured in accordance with the audit findings.

Notes

Ohio Admin. Code 4123-20-06

Effective: 7/1/2025
Five Year Review (FYR) Dates: 8/1/2027
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