Exam (elaborations)
Texas All Line Adjuster (Complete) Study Guide
- Course
- Institution
Texas All Line Adjuster (Complete) Study Guide
[Show more]
Seller
Follow
Studyhall
Reviews received
Content preview
Texas All Line Adjuster (Complete)Study Guide
workman's compensation ✔️Ans - No fault insurance for employee that
are injured on the job
Employer's liability coverage ✔️Ans - Covers an employers liability for
common lawsuits from employees to recover damage from job related
injuries.
Permanent Total Disability ✔️Ans - Complete and permanent loss of
being able to earn money. Example- Complete loss of sight or losing both
hands or feet.
Permanent Partial Disability ✔️Ans - Permanent physical impairment that
leaves employee unable to perform original job but other jobs can be
performed.
Temporary Total Disability ✔️Ans - Total disability that lasts a short
period of time. Employee can return to work. Example- Strained back
Temporary Partial Disability ✔️Ans - A temporary disablement that
allows employee to continue the same job but with reduced capability.
Example- sprained ankle
Disability of Benefits ✔️Ans - Compensation for loss of income or
earnings due to an injury at work. How and what benefits are paid depends on
the severity and permanency of the injury
Medical Benefits ✔️Ans - Pays for medical treatment for an on the job
injury
Survivor Benefits ✔️Ans - To compensate the widowed spouse or
survivor of an employee who's death was resulted from a job injury. Amounts
of benefits depends on the deceased employees earnings and the number of
surviving dependents. A fixed amount is available for burial expenses. Benefits
continue until surviving spouse remarries or children enter adulthood.
, Rehabilitation Benefits ✔️Ans - Not specifically named in some state
workmans comp law. Rehabilitation is provided in every state since all accept
provisions of the Federal Rehabilitation Act which provides federal aid
towards the benefit costs incurred.
Elective ✔️Ans - Both the employer and employee have the option of
either accepting or rejecting the law.
Compulsory ✔️Ans - The employer must accept and comply with all
provisions of the law
Longshoreman's and Harbor Workers compensation Act ✔️Ans - A
federal law protecting workers in an occupation related to maritime industry
Federal Black Lung Benefits Act ✔️Ans - Provides compensation to coal
miners who are totally disabled by pneumoconiosis
Federal Employees Compensation Act ✔️Ans - Provides federal
employees with workmans compensation
Federal Employers Liability Act ✔️Ans - To protect and compensate
railroad workers, but the injured worker must prove the injury was caused by
whole or in part by negligence of a railroad employee, its agent or contractor,
or from faulty equipment.
How are Premiums based ✔️Ans - Depends on the type of business,
number of employees and total payroll.
Underwriting ✔️Ans - The process an insurance company uses to decide
whether to accept or reject an application for a policy. They evaluate the risk
and exposures of potential policyholders. They decide how much they should
pay for it, or whether even to accept the risk to insure them.
Peril ✔️Ans - A cause of property losses. Examples- Fire/lightning,
explosion, windstorm, hail, collapse of building, vandalism, accidental
discharge and theft.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Studyhall. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now