Billing Statement and Policy Information Pages

NYSIF's monthly billing statement is received when premium is due and reflects all transactions that occurred during the billing period. Learn more about our monthly statement at How to Read NYSIF Monthly Billing Statement.

In addition to the monthly billing statement, NYSIF sends policyholders various information pages throughout the year, including:

  1. INFORMATION PAGE Summarizes policy coverage detailing on classification codes, payroll and modifications used by NYSIF to determine premium. Received when your policy is written, renewed or revised. Learn more about our information pages.
  2. AUDIT Summarizes final premium for a specific policy period based on actual payroll audit done by NYSIF. See Audit sample.
  3. DESK AUDIT Summarizes final premium for a specific policy period based on actual payroll records provided to NYSIF. See Desk Audit sample.
  4. REPORT Summarizes final premium for a specific policy period based on a report of actual payroll submitted by the policyholder. See Report sample.
  5. ESTIMATE Summarizes estimated final premium for a specific policy period based on estimated payroll in lieu of actual payroll. See Estimate sample.
  6. DEPOSIT RESCIND Gives credit for all deposit premium billed for the period that is being revised. See Deposit Rescind sample.
  7. EARNED PREMIUM RESCIND Reverses all previously issued earned premium for a policy period. See Earned Premium Rescind sample.
  8. DIVIDEND RESCIND Reverses all previously issued dividends for a policy period. See Dividend Rescind sample.
  9. AUDIT ADJUSTMENT Adjusts the audit bill(s) in a policy period, either to correct the amount of payroll billed, to reallocate payroll from one classification to another, or to delete payroll billed for a subcontractor when proof is received that the subcontractor has his own coverage. See Audit Adjustment sample.
  10. DIVIDEND Credits the audited premium of each member of a safety group by a percentage (called a dividend) declared by that safety group.
  11. RECOMP Announcement adding, changing, or deleting an Experience or PAP modification. See Recomp sample.
  12. ADJUSTMENT EXP/PAP MOD Issued after a recomp to correct the experience modification/PAP applied on all audit bills produced for the policy period covered by the recomp. See Adjustment EXP/PAP/MOD sample.