Workers Compensation Insurance Exam Solved Correctly To Score
A+
1. What does the term " exclusive
Injured employees cannot seek damages
rem- edy " mean ?
outside workers compensation .
2. What is the primary purpose
To pay benefits to employees for injuries
of Workers Compensation
arising out of employment
insurance ?
3. What is a second injury fund ? A workers compensation program designed to
pay
for any additional benefits when an employee
with a previous injury sutters a second injury
4. What are the 4 types of benefits pro- Medical payments , disability income ,
rehabilitation
vided by Workers Compensation in- expenses , and death benefits
surance ?
5. What is the purpose of Employers liability insurance protects the insured
employers li- ability insurance ? from situations that are not covered under a
state's workers compensation law .
6. What are the 2 main parts of workers Part I is workers compensation , and Part
II is employ-
compensation insurance ? ers liability .
7. What is the difference between a mo- In monopolistic state funds , employers
are required
nopolistic state fund and a competi- to purchase workers compensation insurance
tive market ? from a state - operated entity . In a
competitive market
, workers compensation is purchased by employers
from insurers authorized to write casualty
insurance .
8. Which of the following is INCORRECT The insurer may inspect the workplace
, Workers Compensation Insurance Exam Solved Correctly To Score
A+
after giving the
in regard to the conditions found
insured 5 days notice.
in workers compensation
policy? The insurer has the right to inspect the workplace at
any time without giving notice.
a) The first named insured
will act on behalf of all
insureds under the
, Workers Compensation Insurance Exam Solved Correctly To Score
A+
policy.
b) The insurer may inspect the
work- place after giving the
insured 5 days notice.
c)If the policy period is longer
than 1 year and 16 days, all
policy pro- visions will apply
as though a new policy was
issued on each annual an-
niversary date.
d)The insured's right and duties
may not be transferred to
anyone else without the
insurer's written con- sent.
The insured person must release the employer
9. The voluntary compensation and the insurer from further liability.
en- dorsement in a workers
compensa- tion policy This endorsement provides that the insurer
provides that the insurer will will pay statutory benefits to the insured
pay statutory benefits to the in- person in exchange for the injured working
sured person in exchange for releasing the employer and the insurer from
what? further liability.
Statutory or mandatory benefits are benefits
that em- ployers are required by law to
provide to their em- ployees. Examples
include worker's compensation in- surance,
unemployment insurance and, under some
state and local laws, paid sick leave.
Do not allow private insurers to be licensed to
10. States with monopolistic state write workers compensation coverage.
work- ers compensation funds
Under the monopolistic state fund program,
A+
1. What does the term " exclusive
Injured employees cannot seek damages
rem- edy " mean ?
outside workers compensation .
2. What is the primary purpose
To pay benefits to employees for injuries
of Workers Compensation
arising out of employment
insurance ?
3. What is a second injury fund ? A workers compensation program designed to
pay
for any additional benefits when an employee
with a previous injury sutters a second injury
4. What are the 4 types of benefits pro- Medical payments , disability income ,
rehabilitation
vided by Workers Compensation in- expenses , and death benefits
surance ?
5. What is the purpose of Employers liability insurance protects the insured
employers li- ability insurance ? from situations that are not covered under a
state's workers compensation law .
6. What are the 2 main parts of workers Part I is workers compensation , and Part
II is employ-
compensation insurance ? ers liability .
7. What is the difference between a mo- In monopolistic state funds , employers
are required
nopolistic state fund and a competi- to purchase workers compensation insurance
tive market ? from a state - operated entity . In a
competitive market
, workers compensation is purchased by employers
from insurers authorized to write casualty
insurance .
8. Which of the following is INCORRECT The insurer may inspect the workplace
, Workers Compensation Insurance Exam Solved Correctly To Score
A+
after giving the
in regard to the conditions found
insured 5 days notice.
in workers compensation
policy? The insurer has the right to inspect the workplace at
any time without giving notice.
a) The first named insured
will act on behalf of all
insureds under the
, Workers Compensation Insurance Exam Solved Correctly To Score
A+
policy.
b) The insurer may inspect the
work- place after giving the
insured 5 days notice.
c)If the policy period is longer
than 1 year and 16 days, all
policy pro- visions will apply
as though a new policy was
issued on each annual an-
niversary date.
d)The insured's right and duties
may not be transferred to
anyone else without the
insurer's written con- sent.
The insured person must release the employer
9. The voluntary compensation and the insurer from further liability.
en- dorsement in a workers
compensa- tion policy This endorsement provides that the insurer
provides that the insurer will will pay statutory benefits to the insured
pay statutory benefits to the in- person in exchange for the injured working
sured person in exchange for releasing the employer and the insurer from
what? further liability.
Statutory or mandatory benefits are benefits
that em- ployers are required by law to
provide to their em- ployees. Examples
include worker's compensation in- surance,
unemployment insurance and, under some
state and local laws, paid sick leave.
Do not allow private insurers to be licensed to
10. States with monopolistic state write workers compensation coverage.
work- ers compensation funds
Under the monopolistic state fund program,
