Question: 48. Because final data is not available, Colossal Casualty reports estimated loss data to the workers compensation rating organization in order to meet its reporting
48. Because final data is not available, Colossal Casualty reports estimated loss data to the workers compensation rating organization in order to meet its reporting deadline. Colossal later amends the estimated data by filing correction reports. Which of the following is not an allowed reason for a correction report? (Search Chapter 9) a. correction of incorrect loss values caused by a clerical error Ob. a loss was accidentally reported twice c. errors in judgment. od. mathematical error in reporting total losses 49. Bunyan Lumber, Inc. was formerly owned by Roth (80 percent interest) and Gelb (20 percent interest). Gelb bought out Roth and now has a 100 percent interest in Bunyan. For workers compensation experience rating purposes, this change is (Search Chapter 9) O a. a nominal change of ownership ob. an immaterial change of ownership. O c. a minor change of ownership o d. a material change of ownership
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