14

All of the following statements regarding the Voluntary Compensation endorsement is correct, except: A It exempts employers from state Workers' Compensation law. B The employees must waive their right to sue and accept coverage under the endorsement C The state of employment must be provided D The class of employees to be covered must be provided

A

If an employer cannot obtain Workers' Compensation coverage for his employees, which of the following is an alternative? A Assigned Risk Plan B State Claim Fund C Workers' Compensation Fund D Surety Fund

A

In which section of the Workers' Compensation and Employer Liability policy would the policy conditions be found? A Part Six B Part Four C Part Eight D Part Two

A

The Part of the Workers' Compensation Policy that includes States that are listed in the Information Page, is called: A Part Three - Other States Insurance B The All-States Endorsement C Part Six - Conditions D The General Section

A

The insured would be required to pay which of the following in the event of a Workers' Compensation claim? A Any excess amounts incorrectly paid by the insurer B Interest applied to the final judgment for the delay in payment C Premiums for the appeal bonds when the insurer appeals to a higher court D Expenses the insured spends to appear in court to assist the defense

A

Which is not included in the general section of the Workers' Compensation policy? A Other insurance B State Workers' Compensation law C Work locations D State

A

Which of the following is true about the Assigned Risk Plan? A It is intended for employers who are unable to purchase in the voluntary market B Private insurers compete with the Assigned Risk Plan C Insurers with income over $10 million can opt out of participating in the Plan D It is intended for employers who have high claims volume

A

Which of the following is true concerning monopolistic states regarding Workers' Compensation insurance? A In Monopolistic states, Workers' Compensation is only available through a state fund B In Monopolistic states, all coverage is written through a pool of insurance companies C Monopolistic states do not have Workers' Compensation statutes D In Monopolistic states, only one insurance company, chosen by the state, is allowed to provide coverage

A

Which statement is false regarding Workers' Compensation? A The premium is paid by the employee B Payment is made without regard to negligence C It covers investigation and defense costs D It pays medical expenses, loss of time benefits and death benefits

A

Which statement is the primary objective of Workers' Compensation? A To provide a payment of benefits to employees for injuries that arise out of their employment B To improve employer and employee relations C To provide accident coverage for employees both on and off the job D To improve the employee's working conditions

A

Which type of Workers' Compensation do not have a limit? A Medical benefits B Death and survivor benefits C Temporary Total Disability benefits D Scheduled injuries

A

All of the following are methods of complying with Workers' Compensation laws, except: A Self-insurance B Employee contribution plans C Private insurers D State Assigned Risk Plans

B

An insurer will not pay which of the following in the event of a Workers' Compensation claim? A Claim expenses B Loss of insured's earnings because the insurer requested the insured come to court C Premiums for appeal bonds D Defense costs

B

Under which of the following circumstances will Workers' Compensation Insurance provide benefits to a worker due to a work-related injury? A Only if the employer carried Employer's Liability Insurance B Regardless of negligence by the employee or employer C Only if the employee was negligent D Only if the employer's negligence was the cause of the injury

B

Which of the following is not required by the Workers' Compensation policy's guidelines for providing "Other State" coverage? A If the insured begins work in a covered state after the effective date of the policy, the insurance, will apply if no other coverage exists B The state work is performed in may not be a compulsory state C The insured must notify the insurer within 30 days when an employee begins work in a state not listed on the policy D The insurer must reimburse the insured for any payments the insurer is not allowed to pay directly

B

Which of the following is true regarding the Self-Insured Workers' Compensation Program? A Self-insurance for Workers' Compensation is most generally used by smaller employers, who cannot afford to purchase Workers' Compensation insurance B Sometimes large employers are attracted to self-insurance plans because losses can be predictable and benefits are capped by statute C Self-insurance is allowed in all states D Benefits under self-insurance differ from those provided by Workers' Compensation insurers

B

Which of the following must participate in the Workers' Compensation Assigned Risk Plan? A Insurers that write Workers' Compensation insurance exclusively B Insurers that are authorized to write Workers' Compensation in the voluntary market C All domestic insurers in the state D All insurers authorized to do business in the stat

B

Which of the following workers would be eligible for Workers' Compensation? A Casual laborer B Part-time worker C Domestic employees D Farm laborer

B

Which statement regarding the purpose of Employers Liability Insurance is false? A It protects the employer against tort claims B It extends policy benefits to states not listed on the Declarations page C It covers claims that are not covered by Part I of the policy D It includes coverage for consequential bodily injury

B

An employee injured in an auto accident while on company business would be covered under the: A Garagekeepers Form B Garage Liability Form C Workers' Compensation Policy D Group health insurance poli

C

The Workers' Compensation Insurance Schedule of Benefits applies to: A Temporary Partial disabilities B Permanent Total disabilities C Permanent Partial disabilities D Temporary Total disabilities

C

The Workers' Compensation policy's guidelines for providing other state coverage do not include which requirement? A The insured must notify the insurer within 30 days when entering a state not listed on the policy B If the insured begins work in a covered state after the effective date of the policy the other in force insurance, if any, applies C Monopolistic states may be listed on the information page D The insurer must reimburse the insured for any payments the insurer is not allowed to pay

C

The Workers' Compensation policy's guidelines for providing other state coverage do not include which requirement? A The insurer must reimburse the insured for any payments the insurer is not allowed to pay B The insured must notify the insurer within 30 days when entering a state not listed on the policy C Monopolistic states may be listed on the information page D If the insured begins work in a covered state after the effective date of the policy the other in force insurance, if any, applies

C

The type of disability of an employee unable to work with no possibility of improvement is called: A Permanent Partial B Temporary Partial C Permanent Total D Temporary Total

C

Which of the following is the best description of the Voluntary Compensation Endorsement under Workers' Compensation Insurance? A It provides coverage for unpaid volunteer workers B It provides coverage for independent contractors C It provides coverage to employees that are not otherwise covered D It provides coverage for employees who opt out of Workers' Compensation coverage

C

Workers' Compensation provides coverage for all of the following, except: A Death B Disability income C Pain and suffering D Medical expenses

C

Employee W suffered a work-related back injury at a previous job. After being hired by a new company, W fell down a flight of stairs at work and reinjured his back? Which of the following is true regarding Employee W's benefits? A The new company's Workers' Compensation carrier will pay the entire loss B The new company's Workers' Compensation carrier will not pay for any of the loss C The Second Injury Fund will only pay compensation for the new injury minus any prior claim D The Second Injury Fund will pay compensation to the extent the prior disabling injury contributed to the second injury

D

Exclusive remedy means that: A The employer may decide which types of employee are eligible for coverage by a Workers' Compensation policy B Once an employee has been compensated for an injury by Workers' Compensation, the policy will not pay for any subsequent injuries C Only full time employees are eligible for Workers' Compensation insurance D Employees covered by Workers' Compensation insurance cannot sue for work-related injury

D

Under which section of the Workers' Compensation and Employers Liability policy would the insured's duties be found? A Section I B Section II C Section III D Section IV

D

Which of the following Federal Workers' Compensation Laws applies to ship workers that load, unload, build and repair ships? A The Federal Employers Liability Act B The Jones Act C The U.S. Contributory Liability Act D The U.S. Longshoremen and Harbor Workers' Compensation Act

D

Which of the following Workers' Compensation benefits do not have a monetary limit? A Scheduled injuries B Death and survivor benefits C Disability benefits D Medical benefits

D

Which of the following is not a characteristic of the employer-employee relationship as it related to Workers' Compensation coverage? A The employer determines the work hours B The employer directs the way work will be completed C The employer supplies the necessary tools and equipment D The employer signs a contract with the employee

D

Which of the following is the sole representative under the policy? A Employer and his partners B Named Insured C Company legal representative D First Named Insured

D

Which of the following is used by an employer who wants to provide workers' compensation benefits even when it is not required? A Secondary Injury Fund B Stop-Gap Endorsement C Other Insurance Endorsement D Voluntary Compensation Endorsement

D

Which statement is false regarding Workers' Compensation? A A covered injury must be reasonably related to employment B Some types of work are not covered C A covered injury must occur while the employee is at work or working D Employees may elect not to be covered at policy inception or renewal

D

Which type of regulatory environment permits Workers' Compensation benefits only through a state fund? A Competitive B Elective C Compulsory D Monopolistic

D

When an employee is injured by a product manufactured by the employer, the Employers Liability will provide coverage under which of the following? A Doctrine of Dual Capacity B Consequential Injury Fund C Loss of Services D Third-party Action Claim

a