CISR - Commercial Casualty II - Study Guide Questions || with
Errorless Answers.
State workers compensation laws are a no fault system. T/F correct answers True
Employer purchase of workers compensation insurance is voluntary in all states but Texas and
New Jersey. T/F correct answers False
It is mandatory in all states but Texas and New Jersey.
One advantage of workers compensation insurance for employers is predictable costs. T/F
correct answers True
List four states that workers compensation is a monopolistic state fund. correct answers North
Dakota, Ohio, Wyoming, Washington
List two states where workers comp insurance is elective. correct answers Texas and New Jersey
Things listed in Item 1 of the Information page (Dec Page) of a workers compensation policy.
correct answers The employers type of organization
Things listed in Item 2 of the Information page (Dec Page) of a workers compensation policy.
correct answers Policies Effective Date and Expiration Date
Things listed in Item 3 of the Information page (Dec Page) of a workers compensation policy.
correct answers the 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.
correct answers provides information used to calculate an estimated premium
What is the difference between item 3.A. and 3.C. ? correct answers Item 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? correct answers The 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? correct
answers Explains the policy's role as an insurance contract
What is the general purpose of section B of the workers compensation coverage page? correct
answers Clarifies who is insured
What is the general purpose of section C of the workers compensation coverage page? correct
answers Describes workers compensation law
What is the general purpose of section D of the workers compensation coverage page? correct
answers Explains in which states coverage applies
What is the general purpose of section E of the workers compensation coverage page? correct
answers Explains 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. correct answers Paragraph 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. correct answers One,
Insurance,
Accident,
During,
Caused or Aggrevated
Medical correct answers reasonable and necessary treatment for an injury
Disability correct answers compensation for types of permanent injury, compensation for lost
wages
Rehabilitation correct answers restoration of an employee's physical capacity
Death correct answers financial support for beneficiaries
What are the medical and disability benefits that are associated with workers compensation
based on? What are their time limits? correct answers Workers 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.
Errorless Answers.
State workers compensation laws are a no fault system. T/F correct answers True
Employer purchase of workers compensation insurance is voluntary in all states but Texas and
New Jersey. T/F correct answers False
It is mandatory in all states but Texas and New Jersey.
One advantage of workers compensation insurance for employers is predictable costs. T/F
correct answers True
List four states that workers compensation is a monopolistic state fund. correct answers North
Dakota, Ohio, Wyoming, Washington
List two states where workers comp insurance is elective. correct answers Texas and New Jersey
Things listed in Item 1 of the Information page (Dec Page) of a workers compensation policy.
correct answers The employers type of organization
Things listed in Item 2 of the Information page (Dec Page) of a workers compensation policy.
correct answers Policies Effective Date and Expiration Date
Things listed in Item 3 of the Information page (Dec Page) of a workers compensation policy.
correct answers the 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.
correct answers provides information used to calculate an estimated premium
What is the difference between item 3.A. and 3.C. ? correct answers Item 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? correct answers The 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? correct
answers Explains the policy's role as an insurance contract
What is the general purpose of section B of the workers compensation coverage page? correct
answers Clarifies who is insured
What is the general purpose of section C of the workers compensation coverage page? correct
answers Describes workers compensation law
What is the general purpose of section D of the workers compensation coverage page? correct
answers Explains in which states coverage applies
What is the general purpose of section E of the workers compensation coverage page? correct
answers Explains 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. correct answers Paragraph 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. correct answers One,
Insurance,
Accident,
During,
Caused or Aggrevated
Medical correct answers reasonable and necessary treatment for an injury
Disability correct answers compensation for types of permanent injury, compensation for lost
wages
Rehabilitation correct answers restoration of an employee's physical capacity
Death correct answers financial support for beneficiaries
What are the medical and disability benefits that are associated with workers compensation
based on? What are their time limits? correct answers Workers 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.
