CLASS CODES
The governing class code for an insured who operates as a general contractor for the construction of 4-story residential homes.
What is Class 5403?
The meaning of the abbreviation for NCCI.
What is National Council on Compensation Insurance?
For a physical audit and mail audit you must make your first attempt within how many days. (Hint-each audit type has a different deadline.
What is 45 days for physical audit and 5 days for mail/remote audit?
The class code for an uninsured subcontractor that performs electrical work such as installation of wiring for a general contractor of residential homes who builds homes 1 and 2 stories high
What is class 5190?
A pastor is given a church owned parsonage to live in worth $500 per month as part of his employment package. The pastor lived in the parsonage for the entire policy period (12 months). How much would you include in exposure on your audit for the housing given to the pastor?
What is $6,000?
The value of the parsonage is considered includable remuneration and needs to be added to the exposure.
Class code of clerical office telecommuter employees in NCCI states.
What is class 8871?
This endorsement acts to exclude coverage for operations at the location(s) designated in the endorsement.
What is The Workplace Exclusion Endorsement?
This is usually used when the insured has insurance for that particular location or Workplace and it would be paying twice for the worker's compensation insurance if the insured paid Stonetrust and the carrier insuring the Workplace.
The time given to an auditor to correct and resubmit when an audit is returned for corrections from Stonetrust Review, prior to billing.
What is 3 days?
Exposure of employees working for a general contractor performing custom residential construction not over 3 stories in height, can be separated into what construction class code(s) as long as there is documentation provided to support the separation of operations?
What is class 5645?
Since the insured is a general contractor and responsible for the entire job, class 5645 applies to exposure of employees and contract labor performing all construction operations from start to home completion
What is including vacation pay in exposure?
No deduction is permissible because under the Basis of Premium rule, unworked vacation pay must always be included in payroll
The class code used in educational facilities such as public schools for and office employees.
What is class code 8868?
The NCCI class code that can be used when a subcontractor has a permanent yard and there are permanent yard workers at the insured's location handles maintenance of yard, inventory and equipment.
What is class 8227?
If your at an audit and discover that the claim information has the wrong class code what alert is sent?
What is claim alert?
The definition of OCIP and how is it handled on projects?
What is Owner Controlled Insurance Program?
OCIP programs are set up to provide coverage to all employees and construction workers for the entire project. The OCIP exposure is deducted from your audit.
Restaurant employees are given free meals once per day when they work. When auditing, how would you handle the exposure if there is any.
What is the value of meals received by employees as part of their pay is included for premium computation purposes?
This is the class code for landscape maintenance in NCCI states.
What is 9102 Park NOC?
In NCCI states class code 0042 (Landscape Gardening) does not include landscape maintenance.
This manual was generated by NCCI and is used by many auditors and underwriters to help them define and educate themselves about class codes.
What is the Scopes Basic Manual of Classifications?
The three ways a Stonetrust Auditor can schedule an audit.
What is postal mail, e-mail or phone call?
The class codes that can apply for a flooring installation risk. (Hint: There are three)
What is class 5348 Ceramic Flooring; 5437 Wood Flooring and class 5478 VCT/CARPET?
The insured reimburses their outside sales employee mileage. How is the expense amount paid to the employee handled (included or excluded from exposure)?
What is reimbursed expenses are not included in audit exposure?
These are the five Standard Exception Classifications in the NCCI Basic Manual.
What is
Code 8810 Clerical Office Employees NOC Code 8871 Clerical Telecommuter Employees Code 7380 Drivers, Chauffeurs etc. Code 8742 Salespersons Outside Code 8748 Automobile Salespersons?
The class intended to represent the exposure created by the overall operational business not each individual is referred to this. (Hint..usually the class code with the most payroll.)
What is the governing class code?
What process is used to review the audit with the insured regarding potential refunds, credits or additional billing amounts?
What is using the SOP at exit interview?
The auditor can explain what to expect after audit has been processed through billing, but auditor is not to review any potential refunds, credits or additional billing amounts.
Can class 8810 and 5645 be classified to the same employee during the same policy period? If so please explain.
What is yes, an employee can change positions? As an example an employee can stop working as construction labor and start working in the office as strictly job estimation and be classified as 8810. Auditor must obtain the exposure from start of policy period to when one job position ended and then from that date to the end of the policy period would be classified to the appropriate class.
When an employee of an insured is fortunate to retire and given severence pay, how is that pay handled (exlcuded or included in audit exposure).
What is severence pay and it is not included in audit exposure?