P&C Insurance Exam - Workers
Compensation Insurance fully solved
graded A+
What is assumption of risk defense? - correct answer ✔✔asserts that the employee knew in
advance the risks associated with the job and had been paid for these risks through his or her
salary.
What is the purpose of OSHA? - correct answer ✔✔To set minimum standards for work safety.
How are compulsory laws different from elective laws? - correct answer ✔✔Compulsory Laws -
require employers to provide workers compensation coverage for employees
Elective Laws - do not
What type of employment and employees are covered by the U.S. Longshore and Harbors
Workers Compensation Act? - correct answer ✔✔covers persons other than seamen who are
engaged in maritime employment
What are the 2 main parts of workers compensation insurance? - correct answer ✔✔part 1 -
workers compensation
part 2 - employers liability
When would the employer be required to pay a penalty on workers compensation coverage? -
correct answer ✔✔Penalties and/or increased benefits may be required for certain types of
injuries, such as the employers willful failure to provide required safety equipment, or minor
injured while illegally employed
Compensation Insurance fully solved
graded A+
What is assumption of risk defense? - correct answer ✔✔asserts that the employee knew in
advance the risks associated with the job and had been paid for these risks through his or her
salary.
What is the purpose of OSHA? - correct answer ✔✔To set minimum standards for work safety.
How are compulsory laws different from elective laws? - correct answer ✔✔Compulsory Laws -
require employers to provide workers compensation coverage for employees
Elective Laws - do not
What type of employment and employees are covered by the U.S. Longshore and Harbors
Workers Compensation Act? - correct answer ✔✔covers persons other than seamen who are
engaged in maritime employment
What are the 2 main parts of workers compensation insurance? - correct answer ✔✔part 1 -
workers compensation
part 2 - employers liability
When would the employer be required to pay a penalty on workers compensation coverage? -
correct answer ✔✔Penalties and/or increased benefits may be required for certain types of
injuries, such as the employers willful failure to provide required safety equipment, or minor
injured while illegally employed
