Workers Comp Flashcards

1
Q

What is the purpose of employees liability insurance

A

To protect the insured from situations that are not covered under a state workers comp law

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2
Q

4 benefits provided by workers comp

A

Medical
disability income
rehab
death

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3
Q

What does employers liability insurance protect from in situations that are not covered under Workmen’s Comp.

A

Benefits to employees for injuries arising out of employment

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4
Q

What are the two main parts of work comp insurance

A

Part one work comp

Part two employers liability

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5
Q

Worker’s Comp. requires employers to meet capital reserves, these requirements can be met through all of the following EXCEPT:

self insurance plans
assigned risk plans
competitive state funds
second injury fund programs

A

Second injury fund programs

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6
Q

A premium discount as a term that describes what an insured owes a total standard premium greater than

A

$5000

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7
Q

How much is Worker’s Comp. provide for a funeral benefit

A

3000

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8
Q

Worker’s Comp. can designate up to how many healthcare providers as options

A

Six

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9
Q

US Longshore in Harbor must Pass requirements for

A

Sit us and status test

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10
Q

All of the following are factors in rating workers comp insurance EXCEPT

loss experience
sales
job classification
payroll

A

Sales

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11
Q

A program developed by an employer to find its losses as an alternative to the purchase of insurance

A

Self insurance

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12
Q

Maximum length of time that an employee who is partially disabled can receive loss of time benefits

A

500 weeks under Pennsylvania law

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13
Q

An employer in a state with elected workers comp laws chooses not to be subject to those laws what do they lose

A

Common law defenses against liability suit’s

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14
Q

The subsequent injury fund was established to:

A

Encourage employers to hire workers who had suffered prior compensable about injuries

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15
Q

True or false an employee engaged in seasonal agricultural labor that works 60 days in a calendar year does not have to be covered by Workmen’s Comp.

A

False Since he’s working more than 30 days he needs to be covered

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16
Q

Which factor of premium computation relates to los Perros premiums

A

Experience modification factor