CHAPTER 16 - WORKERS'
COMPENSATION INSURANCE -
PRACTICE QUESTIONS WITH
VERIFIED ANSWERS!!
A disability that prevents an employee from doing any work during the period of
disability, but from which the employee is expected to recover, is known as a:
A. Temporary partial disability
B. Permanent total disability
C. Temporary total disability
D. Permanent partial disability - ANSWERC. Temporary total disability
When calculating the final premium for a Workers' Compensation and Employers
Liability policy, which factor represents the insured's claims history, as compared to
the expected costs for comparable businesses?
A. Remuneration factor
B. Anniversary rating factor
C. Experience modification factor
D. Premium discount factor - ANSWERC. Experience modification factor
In which type of regulatory environment are private insurers permitted to write
Workers' Compensation insurance?
A. Elective
B. Monopolistic
C. Compulsory
D. Competitive - ANSWERD. Competitive
Which statement regarding Part Two - Employers Liability Insurance of a Workers'
Compensation policy is correct?
A. It is optional coverage not needed by most employers
B. It provides coverage for employment-related liability outside of Workers'
Compensation statute
C. It includes employees as additional insureds
D. It provides coverage for a worker injured in a state that is not listed on the
Information page - ANSWERB. It provides coverage for employment-related liability
outside of Workers' Compensation statute
COMPENSATION INSURANCE -
PRACTICE QUESTIONS WITH
VERIFIED ANSWERS!!
A disability that prevents an employee from doing any work during the period of
disability, but from which the employee is expected to recover, is known as a:
A. Temporary partial disability
B. Permanent total disability
C. Temporary total disability
D. Permanent partial disability - ANSWERC. Temporary total disability
When calculating the final premium for a Workers' Compensation and Employers
Liability policy, which factor represents the insured's claims history, as compared to
the expected costs for comparable businesses?
A. Remuneration factor
B. Anniversary rating factor
C. Experience modification factor
D. Premium discount factor - ANSWERC. Experience modification factor
In which type of regulatory environment are private insurers permitted to write
Workers' Compensation insurance?
A. Elective
B. Monopolistic
C. Compulsory
D. Competitive - ANSWERD. Competitive
Which statement regarding Part Two - Employers Liability Insurance of a Workers'
Compensation policy is correct?
A. It is optional coverage not needed by most employers
B. It provides coverage for employment-related liability outside of Workers'
Compensation statute
C. It includes employees as additional insureds
D. It provides coverage for a worker injured in a state that is not listed on the
Information page - ANSWERB. It provides coverage for employment-related liability
outside of Workers' Compensation statute
