CISR - Commercial Casualty II - Study
Guide Questions 100% Answered.
State workers compensation laws are a no fault system. T/F - ANSWERTrue
Employer purchase of workers compensation insurance is voluntary in all states but
Texas and New Jersey. T/F - ANSWERFalse
It is mandatory in all states but Texas and New Jersey.
One advantage of workers compensation insurance for employers is predictable
costs. T/F - ANSWERTrue
List four states that workers compensation is a monopolistic state fund. -
ANSWERNorth Dakota, Ohio, Wyoming, Washington
List two states where workers comp insurance is elective. - ANSWERTexas and
New Jersey
Things listed in Item 1 of the Information page (Dec Page) of a workers
compensation policy. - ANSWERThe employers type of organization
Things listed in Item 2 of the Information page (Dec Page) of a workers
compensation policy. - ANSWERPolicies Effective Date and Expiration Date
Things listed in Item 3 of the Information page (Dec Page) of a workers
compensation policy. - ANSWERthe list of states in which an insured has or expects
to have operations
description of the employers liability coverage
details the limits of insurance for employers liability
Things listed in Item 4 of the Information page (Dec Page) of a workers
compensation policy. - ANSWERprovides information used to calculate an estimated
premium
What is the difference between item 3.A. and 3.C. ? - ANSWERItem 3.A. triggers
Workers Compensation Insurance for the state or states listed in which the
policyholder has ongoing operations. In item 3.C., all the other states in the U.S.,
except those shown in item 3.A. and the monopolistic states, are shown or listed to
trigger Other States Insurance for claims that could be made in that state by
employees who are there on a temporary basis. For example, in item 3.C., a
business located only in Oklahoma might have listed: "All states except OK, ND, OH,
WA, WY."
, What is the experience modifier and what is its purpose? - ANSWERThe experience
modifier reflects employers claims experience, that is, the frequency and severity, or
cost, of claims. The experience modifier—a value that is normally more or less than
1.0—is used to calculate an employer's premium
What is the general purpose of section A of the workers compensation coverage
page? - ANSWERExplains the policy's role as an insurance contract
What is the general purpose of section B of the workers compensation coverage
page? - ANSWERClarifies who is insured
What is the general purpose of section C of the workers compensation coverage
page? - ANSWERDescribes workers compensation law
What is the general purpose of section D of the workers compensation coverage
page? - ANSWERExplains in which states coverage applies
What is the general purpose of section E of the workers compensation coverage
page? - ANSWERExplains in which states coverage applies, Identifies workplace
locations where coverage applies
Explain what Paragraph C. in the General Section of the Workers Compensation and
Employers Liability Insurance Policy does not apply to. - ANSWERParagraph C.
does not focus on federal workers or federal workers compensation laws.
Part ______________________________ of the Workers Compensation Insurance
Form outlines how the ______________________________ applies. It applies to a
bodily injury by ______________________________, or a bodily injury by disease,
that occurred ______________________________ the policy period and which was
______________________________ by the conditions of employment. -
ANSWEROne,
Insurance,
Accident,
During,
Caused or Aggrevated
Medical - ANSWERreasonable and necessary treatment for an injury
Disability - ANSWERcompensation for types of permanent injury, compensation for
lost wages
Rehabilitation - ANSWERrestoration of an employee's physical capacity
Death - ANSWERfinancial support for beneficiaries
What are the medical and disability benefits that are associated with workers
compensation based on? What are their time limits? - ANSWERWorkers
compensation would pay medical costs for all reasonable injuries, with no time limit.
Disability benefits are based on an injured employee's income and are limited to the
extent of their disability.
Guide Questions 100% Answered.
State workers compensation laws are a no fault system. T/F - ANSWERTrue
Employer purchase of workers compensation insurance is voluntary in all states but
Texas and New Jersey. T/F - ANSWERFalse
It is mandatory in all states but Texas and New Jersey.
One advantage of workers compensation insurance for employers is predictable
costs. T/F - ANSWERTrue
List four states that workers compensation is a monopolistic state fund. -
ANSWERNorth Dakota, Ohio, Wyoming, Washington
List two states where workers comp insurance is elective. - ANSWERTexas and
New Jersey
Things listed in Item 1 of the Information page (Dec Page) of a workers
compensation policy. - ANSWERThe employers type of organization
Things listed in Item 2 of the Information page (Dec Page) of a workers
compensation policy. - ANSWERPolicies Effective Date and Expiration Date
Things listed in Item 3 of the Information page (Dec Page) of a workers
compensation policy. - ANSWERthe list of states in which an insured has or expects
to have operations
description of the employers liability coverage
details the limits of insurance for employers liability
Things listed in Item 4 of the Information page (Dec Page) of a workers
compensation policy. - ANSWERprovides information used to calculate an estimated
premium
What is the difference between item 3.A. and 3.C. ? - ANSWERItem 3.A. triggers
Workers Compensation Insurance for the state or states listed in which the
policyholder has ongoing operations. In item 3.C., all the other states in the U.S.,
except those shown in item 3.A. and the monopolistic states, are shown or listed to
trigger Other States Insurance for claims that could be made in that state by
employees who are there on a temporary basis. For example, in item 3.C., a
business located only in Oklahoma might have listed: "All states except OK, ND, OH,
WA, WY."
, What is the experience modifier and what is its purpose? - ANSWERThe experience
modifier reflects employers claims experience, that is, the frequency and severity, or
cost, of claims. The experience modifier—a value that is normally more or less than
1.0—is used to calculate an employer's premium
What is the general purpose of section A of the workers compensation coverage
page? - ANSWERExplains the policy's role as an insurance contract
What is the general purpose of section B of the workers compensation coverage
page? - ANSWERClarifies who is insured
What is the general purpose of section C of the workers compensation coverage
page? - ANSWERDescribes workers compensation law
What is the general purpose of section D of the workers compensation coverage
page? - ANSWERExplains in which states coverage applies
What is the general purpose of section E of the workers compensation coverage
page? - ANSWERExplains in which states coverage applies, Identifies workplace
locations where coverage applies
Explain what Paragraph C. in the General Section of the Workers Compensation and
Employers Liability Insurance Policy does not apply to. - ANSWERParagraph C.
does not focus on federal workers or federal workers compensation laws.
Part ______________________________ of the Workers Compensation Insurance
Form outlines how the ______________________________ applies. It applies to a
bodily injury by ______________________________, or a bodily injury by disease,
that occurred ______________________________ the policy period and which was
______________________________ by the conditions of employment. -
ANSWEROne,
Insurance,
Accident,
During,
Caused or Aggrevated
Medical - ANSWERreasonable and necessary treatment for an injury
Disability - ANSWERcompensation for types of permanent injury, compensation for
lost wages
Rehabilitation - ANSWERrestoration of an employee's physical capacity
Death - ANSWERfinancial support for beneficiaries
What are the medical and disability benefits that are associated with workers
compensation based on? What are their time limits? - ANSWERWorkers
compensation would pay medical costs for all reasonable injuries, with no time limit.
Disability benefits are based on an injured employee's income and are limited to the
extent of their disability.
