CISR - Commercial Casualty II -
Study Guide Questions with
Correct Answers 100% Pass
State workers compensation laws are a no fault system. T/F -
Answer: True
Question: Employer purchase of workers compensation insurance is voluntary in
all states but Texas and New Jersey. T/F -
Answer: False
It is mandatory in all states but Texas and New Jersey.
Question: One advantage of workers compensation insurance for employers is
predictable costs. T/F -
Answer: True
,Question: List four states that workers compensation is a monopolistic state fund.
-
Answer: North Dakota, Ohio, Wyoming, Washington
Question: List two states where workers comp insurance is elective. -
Answer: Texas and New Jersey
Question: Things listed in Item 1 of the Information page (Dec Page) of a workers
compensation policy. -
Answer: The employers type of organization
Question: Things listed in Item 2 of the Information page (Dec Page) of a workers
compensation policy. -
Answer: Policies Effective Date and Expiration Date
Question: Things listed in Item 3 of the Information page (Dec Page) of a workers
compensation policy. -
Answer: 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
Question: Things listed in Item 4 of the Information page (Dec Page) of a workers
compensation policy. -
Answer: provides information used to calculate an estimated premium
Question: What is the difference between item 3.A. and 3.C. ? -
Answer: 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."
Question: What is the experience modifier and what is its purpose? -
, Answer: 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
Question: What is the general purpose of section A of the workers compensation
coverage page? -
Answer: Explains the policy's role as an insurance contract
Question: What is the general purpose of section B of the workers compensation
coverage page? -
Answer: Clarifies who is insured
Question: What is the general purpose of section C of the workers compensation
coverage page? -
Answer: Describes workers compensation law
Question: What is the general purpose of section D of the workers compensation
coverage page? -
Answer: Explains in which states coverage applies
Study Guide Questions with
Correct Answers 100% Pass
State workers compensation laws are a no fault system. T/F -
Answer: True
Question: Employer purchase of workers compensation insurance is voluntary in
all states but Texas and New Jersey. T/F -
Answer: False
It is mandatory in all states but Texas and New Jersey.
Question: One advantage of workers compensation insurance for employers is
predictable costs. T/F -
Answer: True
,Question: List four states that workers compensation is a monopolistic state fund.
-
Answer: North Dakota, Ohio, Wyoming, Washington
Question: List two states where workers comp insurance is elective. -
Answer: Texas and New Jersey
Question: Things listed in Item 1 of the Information page (Dec Page) of a workers
compensation policy. -
Answer: The employers type of organization
Question: Things listed in Item 2 of the Information page (Dec Page) of a workers
compensation policy. -
Answer: Policies Effective Date and Expiration Date
Question: Things listed in Item 3 of the Information page (Dec Page) of a workers
compensation policy. -
Answer: 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
Question: Things listed in Item 4 of the Information page (Dec Page) of a workers
compensation policy. -
Answer: provides information used to calculate an estimated premium
Question: What is the difference between item 3.A. and 3.C. ? -
Answer: 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."
Question: What is the experience modifier and what is its purpose? -
, Answer: 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
Question: What is the general purpose of section A of the workers compensation
coverage page? -
Answer: Explains the policy's role as an insurance contract
Question: What is the general purpose of section B of the workers compensation
coverage page? -
Answer: Clarifies who is insured
Question: What is the general purpose of section C of the workers compensation
coverage page? -
Answer: Describes workers compensation law
Question: What is the general purpose of section D of the workers compensation
coverage page? -
Answer: Explains in which states coverage applies
