CISR Commercial Casualty II Exam|Brand New Expert Exam Questions with 100% Correct Verified Answers, All Graded A+|Latest Expert Premium Update()|100% Guaranteed Success.

CISR Commercial Casualty II Exam|Brand New Expert Exam Questions with 100% Correct Verified Answers, All Graded A+|Latest Expert Premium Update()|100% Guaranteed Success. State workers compensation laws are no-fault systems. T/F - AnswerTrue Employer purchase of workers compensation insurance is voluntary in all state but Texas and New Jersey. T/F - AnswerFalse; With the exception of Texas and new Jersey, all states have made employer purchase of workers compensation insurance mandatory. One advantage of workers compensation to employers is predictable costs. T/F - AnswerTrue List 4 states that have monopolistic funds. - AnswerNorth Dakota, Ohio, Wyoming, Washington List 2 states where workers compensation is elective for employers. - AnswerTexas and New Jersey Both item 3A and item 3C of the information pages of a WC policy list the states the policy covers. Explain the difference between these two items. - Answer3A triggers WC insurance for the state or state listed in which the policyholder currently has ongoing business. 3C lists all of other states except those listed in 3A and monopolistic states that the policyholder may conduct business during the policy term. 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 is used to calculate an employers premium. What information does the General Section A provide in a WC policy? - AnswerExplains the policy's role as an insurance contract. What information does the General Section B provide in a WC policy? - AnswerClarifies who in insured What information does the General Section C provide in a WC policy? - AnswerDescribes workers compensation law What information does the General Section D provide in a WC policy? - AnswerExplains in which states coverage applies What information does the General Section E in a WC policy? - AnswerExplains in which states coverage applies and identifies workplace locations where coverage applies Explain what Paragraph C in the General Section of the WC and EL insurance policy does not apply to. - AnswerParagraph C does not focus on federal workers or federal workers compensation laws. What is the correct compensation category for the following benefit: Reasonable and necessary treatment for an injury - AnswerMedical What is the correct compensation category for the following benefit: Compensation for types or permanent injury - AnswerDisability What is the correct compensation category for the following benefit: Compensation for lost wages - AnswerDisability What is the correct compensation category for the following benefit: Financial support for beneficiaries - AnswerDeath What is the correct compensation category for the following benefit: Restoration of an employee's physical capacity - AnswerRehabilitation What are the medical and disability benefits that are associated with workers comp based on? What are their time limits? - AnswerWC would pay medical costs for all reasonable injuries, with no time limits. Disability benefits are based on an injured employee's income and are limited to the extent of their disability.