If a Policy Credit Factor is not available at the time the renewal policy is issued, should the expiring credit be applied?
No, if the renewal Policy Credit Factor is not available, endorsement number WC480401 shall be attached to the policy which states the premium may be adjusted by a Policy Credit Factor. If the employer applied for a Credit and does qualify, upon notification, or at the time of audit, the insurer will issue an endorsement to show the premium adjustment.
Related Questions
- I have paid using my Moneybookes account, but I did not receive my invoice and also my credit was not applied at the same time of payment. Why?
- If a Policy Credit Factor is not available at the time the renewal policy is issued, should the expiring credit be applied?
- Does policy on replacement start anew or elapsed time on original policy is applied?
