Workers Comp: Ex-Mod Manipulation
Workers Comp: Ex-Mod Manipulation
Agents and businesses try to reduce their premiums by providing the carrier an incorrect “Experience Modification” factor at the point of sale to minimize its claims experience and therefore their rate.
VeracityID detects and eliminates this cheat by automatically comparing the claimed “ex-mod” to the actual. If not available, idFusion automatically calculates a benchmark ex-mod by state based upon the businesses’ industry and details to match rate with risk.
