NY Insurance Chapter 8 - Workers Compensation Test
Questions With Passed Solutions
1. Compulsory Laws workers compensation
require all employers to provide workers compensation
coverage exclusions may apply regarding statt size or
employment type apply to most states
2. elective laws workers compensation
employers are not subject to state workers compensation laws
employer loses common law defenses against liability suits
3. Monopolistic State Fund employers are required to purchase workers
compensation insur-
ance from a state-operated entity. Private insurance
companies can- not write workers compensation insurance in
competition with these state funds
4. competitive market workers compensation is purchased by employers from
private
insurers authorized to write casualty insurance. the
coverage and benefits are mandated by state
regulations.
5. exclusive remedy Workers' compensation benefits are the only benefits injured
work-
ers may receive to compensate for a work-related injury.
employees may not file injury lawsuits against their
employer exclusions may apply (e.g, in response to an
employer's willful misconduct)
6. workers
compensation
benefits 7. Part one - workers com- pensation
1/
5
, NY Insurance Chapter 8 - Workers Compensation Test
Questions With Passed Solutions
medical payments - unlimited
disability income - loss of
wages, RETROACTIVE
rehabilitation expenses -
vocational training
death benefit - funeral and burial
expenses and weekly income
benefits to the surviving
spouse/children
Workers compensation coverage
parts are?
2/
5
Questions With Passed Solutions
1. Compulsory Laws workers compensation
require all employers to provide workers compensation
coverage exclusions may apply regarding statt size or
employment type apply to most states
2. elective laws workers compensation
employers are not subject to state workers compensation laws
employer loses common law defenses against liability suits
3. Monopolistic State Fund employers are required to purchase workers
compensation insur-
ance from a state-operated entity. Private insurance
companies can- not write workers compensation insurance in
competition with these state funds
4. competitive market workers compensation is purchased by employers from
private
insurers authorized to write casualty insurance. the
coverage and benefits are mandated by state
regulations.
5. exclusive remedy Workers' compensation benefits are the only benefits injured
work-
ers may receive to compensate for a work-related injury.
employees may not file injury lawsuits against their
employer exclusions may apply (e.g, in response to an
employer's willful misconduct)
6. workers
compensation
benefits 7. Part one - workers com- pensation
1/
5
, NY Insurance Chapter 8 - Workers Compensation Test
Questions With Passed Solutions
medical payments - unlimited
disability income - loss of
wages, RETROACTIVE
rehabilitation expenses -
vocational training
death benefit - funeral and burial
expenses and weekly income
benefits to the surviving
spouse/children
Workers compensation coverage
parts are?
2/
5
