Records of employers; inspection; penalty for false records or reports

Every employer insured under the Workers’ Compensation Trust Fund shall keep a true and accurate record of the number of employees and of the wages paid, and the records must be always available for inspection and audit by the Director and the Commissioner of Labor. The Commissioner of Labor shall assess and collect fines from an employer who fails to keep true and accurate records or wilfully misrepresents the difference between the premiums paid and the premiums that should have been paid in the same manner as premiums are assessed and collected.