The form is verified and signed by employee and the Webb office and copy of form is kept by employee, webb office, and school administration office. This change report will show the difference between previous month and current month. This report is of vital importance each month to the school administration as well as the Webb office. This report balances with all B-I forms each month and is given to the school administration office each month, requesting a deposit to a fringe benefit account for a grand total of premium to be remitted. This report will work simultaneously with the next report matching premium with volume.
All coverage is determined by age and salary.
Therefore if age or salary changes in any given month, this report will automatically calculate new premium and volume to be remitted. This report will convert the premium report figures into the volume amounts of insurance. The volume figures are the amounts that are shown on the company reports when remitting the premium each month. These two reports keep you in balance at all times, and are of vital importance. A company group form is generated from this report and keeps you in balance each month with salary and benefits.