BEGINNERS EDGE SPORTS TRAINING, LLC (3)

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POLICYHOLDER NOTICE PAYROLL RECORD AND AUDIT REQUIREMENTS FOR DUAL WAGE CONSTRUCTION OR ERECTION CLASSIFICATIONS Yoh policy incl::des one or more constr❑ction or erection classifications. Dilal wage classifications are pairs of classifications tit descriFle tile same constr ction or erection operation yet are assigned Eased won wiletiu✓r tip employees iuoFirly wage is auo70or flow a specified tFires uold. Eacu pair of dilal wage classifications contains one "EJg❑ wage" classification t!lat is assignaEle to payrolls earned iDy employees wiFose regiJar -o:lrly wage e❑uals or e:ceeds a specified wage t:lresiuold and one "low wage" classification t!lat is assigna:]e to payrolls earned iDy employees wuose regdar iuoOrly wage is less tDan tip specified t:lresiuold. Payroll Record Requirements T❑e assignment of a iJgu wage classification is contingent on Eorifying that tDO employees i-b:lIy wage e❑❑als or eiECeeds tip specified wage t0resiuold. Tile determination of t:1e reg:1ar uo:lrly wage for any non -salaried employee mii;t -10 sibported iuy one of tip following so:lrces❑ o Original time cards or time ::oou entries for eacu employee. Original records must incline tile operations performed, tip total uo:ls word eac:l day and tile times tip employee started and ended eac❑ wor❑ period t:lroEgiuo❑t tip wor[lay. At :0�] locations w0are all of tie employers operations cease for a iEniform iripaid meal period, recording tCe start and stop times of tEe iEniform idea❑period is not re -Tired. A i:alid collecti::o ilargaining agreement that sEows tip reg:1ar Lo:l-ly wage rate iDy :ou classification of a woriurr. If ring a collecti::o ❑argaining agreement, tile records milt incllle an employee roster iuy :o❑ classification that permits tile reconciliation of indi:Adlal employees to tile :0u classifications set forte in tEe collecti::o ilargaining agreement. Tile non -salaried employees regiJar uo:lrIy wage silall Lie determined iuy diijding that employees total remiEneration iuy tEe uoErs woriurd diEring tip pay period, irrespectiE0 of wElatEer tile employee is paid on an iuo:IrIy, pieceworq production or commission ilasis. Tee payroll earned Cy any non -salaried employees for wuom tCe records specified aCoCe are not maintained and/or made aE:8ilaF]e will Fie assigned to tu✓ low wage classification teat descriEles tEJe operations performed. Tee reg::Iar uolir1y wage of salaried employees is determined Cy didding tDe total annilal rem❑neration uy 2000 uoas. If an employee is salaried for less tin 12 montE8, tCe regdar uoaly wage for tip salaried period is calcdated on a prorated psis. Audit Requirements If yoi-ir policy ilas an effectiur date on or after i:anilary 1, 2020 and prod❑ces a final premi!Ern of ❑10_00 or more, a p!uysical allit is re -]!fired at least once a year::Jf it prod❑ces a final premiE n of less titan ❑10,❑ 0 and de. clops payroll in a ::Jg❑wage classification, a p!uysical a::dit of tip policy is re❑EJred !Enless tip policy is a renewal and a piuysical a!-dit was completed for one of tip two immediately preceding policy periods. A "p4sical a::dit" is defined as an ai-lit of payroll, wFlet-ler conducted at tip policy❑older location or at a remote site, that is !lased Dpon an allitor:g eihmination of tie policyuolderi-9 Cboiu; of accoiEnts and original payroll records Fin eiti-ler electronic or Dard copy form -]as necessary to determine and !unify tee eiEpos:lre amo::nts ❑y classification. If yo❑ -old a C-39 Roofing Contractor license from tElb California Contractors State License Board, a puysical a-dit is re❑EJred on tie complete policy period of eac❑ policy regardless of t-e amo7nt of final premi::n. See California Instance Code Section 1166iu180for additional re❑iirements regarding tile a::dit of C-39 license ❑olders. Form PN 04 99 06 D Printed in E.S.A.