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COMMERCIAL CASUALTY II-CISR QUESTIONS AND ANSWERS/NEWEST UPDATE

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COMMERCIAL CASUALTY II-CISR QUESTIONS AND ANSWERS/NEWEST UPDATE Leave the first rating Save Terms in this set (126) State workers compensation laws are no-fault systems. T/F True Employer purchase of workers compensation insurance is voluntary in all state but Texas and New Jersey. T/F False; 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 True List 4 states that have monopolistic funds. North Dakota, Ohio, Wyoming, Washington List 2 states where workers compensation is elective for employers. Texas 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. 3A 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? The 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? Explains the policy's role as an insurance contract. What information does the General Section B provide in a WC policy? Clarifies who in insured What information does the General Section C provide in a WC policy? Describes workers compensation law

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COMMERCIAL CASUALTY II-CISR
QUESTIONS AND ANSWERS/NEWEST
UPDATE
Leave the first rating

Save




Terms in this set (126)


State workers True
compensation laws
are no-fault
systems. T/F

Employer purchase False; With the exception of Texas and
of workers new Jersey, all states have made employer
compensation purchase of workers compensation
insurance is insurance mandatory.
voluntary in all state
but Texas and New
Jersey. T/F

One advantage of True
workers
compensation to
employers is
predictable costs.
T/F

,List 4 states that North Dakota, Ohio, Wyoming,
have monopolistic Washington
funds.

List 2 states where Texas and New Jersey
workers
compensation is
elective for
employers.

Both item 3A and 3A triggers WC insurance for the state or
item 3C of the state listed in which the policyholder
information pages currently has ongoing business. 3C lists all
of a WC policy list of other states except those listed in 3A
the states the policy and monopolistic states that the
covers. Explain the policyholder may conduct business during
difference between the policy term.
these two items.

The experience modifier reflects
What is the
employers claims experience, that is, the
experience
frequency and severity, or cost, of claims.
modifier, and what
The experience modifier is used to
is its purpose?
calculate an employers premium.

What information Explains the policy's role as an insurance
does the General contract.
Section A provide in
a WC policy?

What information Clarifies who in insured
does the General
Section B provide in
a WC policy?

, What information Describes workers compensation law
does the General
Section C provide
in a WC policy?

What information Explains in which states coverage applies
does the General
Section D provide
in a WC policy?

What information Explains in which states coverage applies
does the General and identifies workplace locations where
Section E in a WC coverage applies
policy?

Explain what Paragraph C does not focus on federal
Paragraph C in the workers or federal workers compensation
General Section of laws.
the WC and EL
insurance policy
does not apply to.

What is the correct Medical
compensation
category for the
following benefit:
Reasonable and
necessary treatment
for an injury

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