What will be the premium for this account

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Reference no: EM13837300

You are the premium auditor for workers compensation the insurer for the County of Oggaallaa in North Carolina. For information on classification codes identified by the NC county commissioners consult the file scopesmanualnorthcarolinacountycommissioners.pdf in Blackboard. The objective of this project is to assign the correct classification code to the correct payroll and calculate a manual premium (before credits and experience modification) for this workers compensation account. The provisional manual premium paid at the beginning of the year was $64,867. What will be the premium for this account at the end of the audit?

The county has a police force, road maintenance crews, a small municipal airport and maintains a fleet of busses for the county school district. There is a water and sewer department, fire department and the like. Here are the basic jobs and payrolls. Assign the proper 4 digit classification and multiply the premium per $100 for the rate. Total up the premium and indicate the audit additional or return premium.

Class

Code  Rate per $100 Payroll
6217  3.10
7705  2.65
7380  1.90
7382  2.10
7423  4.15
7520  5.10
7580  4.85
7710  16.20
7720  18.15
8017  1.20
8380  3.89
8742  1.12
8810  1.08
8803  1.08
8820  1.08
8861  1.08
8871  1.08
8814  1.08
8800  1.08
8901  1.08
8820  1.42
8831  2.10
8832  2.10
8833  1.85
8835  3.15
8868  1.10
9015  3.14
9102  6.15
9403  14.15
9410  1.10

Reference no: EM13837300

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