Worker Comp test

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Workers compensation rating is developed by applying a rating bureau job classification rate to each

$100 of payroll

Voluntary compensation - what is the employers application fee to department of labor?

$2000

premium discount

$5000

A premium discout is the term when an insured owes a total standard premium greater than

$5000.00

Workers compensation statutes require employers to meet to capital reserves requirement sufficient to play any claims that might arise.

Assigned risk plans, competitive state funds, and self insurance funds

If the employer in a state with elective WC laws, chooses not to be subject to state WC laws, what does the employer loose?

Common law defense against liability suits

Voluntary Compensation endorsement provides statutory coverage for

Farmworker, domestic, ag, independent contractors

Which federal act provides benefits to injured civilians who are employed by the federal government is which, Federal Employee's compensation Act or Federal Employees compensation liability Act

Federal Employee's compensation ACT - no private insurers are involved

All the following are factors in rating compensation insurance

Hazard of the work, amount of payroll, employer's prior loss experience

According the Workers compensation and employer liability policy form a state should be listed in part three - "Other States insurance of the WC&EL policy

Insured expects to extend operations to that state.

Crews of ships are covered

Jones Act

She is required to work with industrial chemicals in a plant and is diagnosed with a rare blood disease.

Occupational Disease caused by employment

Which worker comp conditions state that the first named insured will act on behalf of all insured under the policy?

Sole representative

Under the workers compensation system, who is responsible for the expenses resulting from work-related injuries and occupational disease?

The employer, regardless of whether it was at fault for the injury or disease.

In a worker's compensation policy, these things are found.

The first named insured, policy period longer than 1 yr and 16 days, all policy provisions on each annual anniversary date, the insured right and duties may not be transferred to anyone else without written consent by the insurer

Voluntary compensation endorsement in a workers comp policy provides that the insurer will pay benefits in exchange for what?

The insured person (employee) must wave the right to sue or litigation

Shipbuilders and repairers are covered by

US longshore and harbor Workers Compensation Act

Experience rating plan

adjusts the premium charges based on the claims history of the insured

According to the conditions of a workers compensation policy the insurer has the right to inspect the insured work place

at any time

Monopolistic state Workers comp is provided to all employees, but

employers liability may or may not be covered

The deposit premium

is based on an estimated payroll

Workers comp laws provide all of the following types of benefits

medical, death, rehabilitation

In order to be covered by the US Longshore and Harbor Workers Compensation Act a worker must meet the requirements of the

situs and a status test


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