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Audit Process

​The payroll audit is conducted by Information Providers Inc (IPI) after the end of each coverage year to ensure that the appropriate amount of premium is collected for the exposure, which is measured by the amount of payroll. Each member will be required to provide the auditors with the necessary information to complete the premium audit. Retaining and providing these records is a requirement of coverage with IMWCA.

Payroll Audit
A payroll audit is completed at the end of each coverage year to ensure the correct amount of premium is collected.
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Preparing for an Audit
Audits will be performed in July and August by IMWCA’s contracted firm, Information Providers, Inc. (IPI). IPI works with IMWCA to conduct the workers’ compensation premium audits on an annual basis.
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How to Calculate Payroll
Payroll is only a part of remuneration. Many other items are covered under remuneration, some of which are not what is normally considered compensation. Learn what else may be part of your calculation.
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NCCI Rates
The National Council on Compensation Insurance (NCCI) provides class codes and rates to 38 states, including Iowa. NCCI reviews and updates the loss data collected each year and makes recommendations on class code and rate changes to the State of Iowa Insurance Commissioner. Once approved, IMWCA applies those class codes and rates effective the following January 1.
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Work Codes
Each employee’s work may fall into one or more classification (class) codes, and the rate charged for each code is based on the past loss experience for that type of work. The class codes and rates IMWCA uses are developed, maintained, and updated by the National Council on Compensation Insurance (NCCI) annually.
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Audit Changes & Corrections
The purpose of the premium audit is to ensure for both the member and IMWCA that the appropriate premium was paid. To ensure the premium is correct, IMWCA gives the member 30 days to review the audit in order to make any changes that may be needed.
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Audit Timeline

Who is IPI?

Information Providers Inc (IPI) works with IMWCA to conduct the workers’ compensation premium audits on an annual basis. IPI has been a leading provider of premium audit information services, serving insurance companies throughout the nation. IPI’s field analysts and auditors are continually retrained and reviewed for proficiency in order to ensure that standards for this very critical insurance operation remain at their highest.

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Notice of Non-Compliance
IMWCA Payroll Audit Process – At the same time IMWCA is preparing to renew workers’ compensation policies for members for the coming fiscal year, IMWCA is also beginning to work with Information Providers Inc. (IPI) to audit this year’s policy. Learn more about the payroll audit process, which begins each May.

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