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Workers Comp Premium Auditors Are Licensed In How Many States?

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Should Workers Comp Premium Auditors Be Licensed?

Are Workers Comp premium auditors actually licensed in any state?   This question was  posed to me on a contact form on this page.

Picture Hand Licensed Workers Comp Premium Auditors Approval
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Agents, adjusters, and other insurance personnel have a license requirement in most states.  Why do all states not require workers comp premium auditors to have some type of license?  I have posed this question many times over my career.

Workers Comp premium auditors do hold a very intricate financial duty and do examine very in-depth records of employers they audit for insurance carriers.   

Licensing auditors would cause the following effects:

  1. Generate a fee for the respective state government
  2. Insure that they are properly trained by administering a test
  3. A continuation of training due to the requirement of CEU’s every year.
  4. Allow a state governing body such as the respective state’s Department of Insurance to have some type of enforcement action as they do with agents and claims adjusters
  5.  Weed out the bad apples in the premium auditing industry
  6. Standardize audits at least on a state-basis

If any type of licensing requirement was enacted, the requirements would also have to be expanded to companies that perform premium audits for employers such as J&L Risk Management Consultants.

I have spoken to many auditors on this very subject with mixed results.   Some think licensing is a great idea while some are vehemently against it.

The National Society of Insurance Premium Auditors (of which J&L is a member) is the closest thing to a license that I have seen in the industry.  However, they do have no enforcement capabilities.

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James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications

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