Terms to know

Question 1

a principle that prevents injured employees from seeking damages outside the workers compensation law

Answer 1

exclusive remedy

Question 2

type of insurance that covers cargo and property in transit over land

Answer 2

inland marine

Question 3

type of insurance that covers property in transit (transportation insurance)

Answer 3

marine insurance

Question 4

a statement about the types of coverage that may be written on inland marine and ocean marine insurance forms

Answer 4

nationwide marine definintions

Question 5

type of insurance that covers cargo and ships in transit over water

Answer 5

ocean marine

Question 6

an insurance market or facility designed to assume risks that are generally unacceptable to the normal insurance market

Answer 6

residual market

Question 7

pays for any additional required benefits in a new injury or disability is deemed more serious because of a previous injury or disability

Answer 7

second (subsequent) injury fund