Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 825. INDIANA GRAIN INDEMNITY CORPORATION |
Article 825IAC1. GRAIN INDEMNITY CORPORATION |
Rule 825IAC1-3. Records of a Grain Buyer |
Section 825IAC1-3-2. Inspection and verification of records
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Each year that producer premiums are being collected, the board shall determine the number of randomly selected grain buyers to be audited; however, that number shall not be less than five percent (5%) of the total registered grain buyers in Indiana. In addition to randomly selected audits, the board may audit particular grain buyers on the basis of complaints, prior audit results, or other reasons determined by the board to be sufficient. (Indiana Grain Indemnity Corporation; 825 IAC 1-3-2; filed Sep 25, 1996, 10:00 a.m.: 20 IR 323; readopted filed Dec 2, 2002, 2:52 p.m.: 26 IR 1262; readopted filed Sep 29, 2009, 9:52 a.m.: 20091021-IR-825090504RFA; readopted filed Nov 24, 2015, 9:10 a.m.: 20151223-IR-825150329RFA)