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CISR - Commercial Casualty II - Study Guide Questions With Complete answers_100- sure_.pdf
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8/22/24, 3:38 PMCISR - Commercial Casualty II - Study Guide Questions
72 terms
Jeremiah
Ni
Practice questions for this se
Terms in this set (164)
State workers compensation laws are a no True
CISR - Commercial Casualty II - Study Guide Questions
fault system. T/F
1/9
, 8/22/24, 3:38 PM
Employer purchase of workers False
compensation insurance is voluntary in all
states but Texas and New Jersey. T/F It is mandatory in all states but Texas and New Jersey.
One advantage of workers compensation True
insurance for employers is predictable costs.
T/F
List four states that workers compensation is North Dakota, Ohio, Wyoming, Washington
a monopolistic state fund.
List two states where workers comp Texas and New Jersey
insurance is elective.
Things listed in Item 1 of the Information The employers type of organization
page (Dec Page) of a workers compensation
policy.
Things listed in Item 2 of the Information Policies Effective Date and Expiration Date
page (Dec Page) of a workers compensation
policy.
the list of states in which an insured has or expects to have operations
Things listed in Item 3 of the Information
page (Dec Page) of a workers compensation description of the employers liability coverage
policy.
details the limits of insurance for employers liability
Things listed in Item 4 of the Information provides information used to calculate an estimated premium
page (Dec Page) of a workers compensation
policy.
Item 3.A. triggers Workers Compensation Insurance for the state or states listed in
which the policyholder has ongoing operations. In item 3.C., all the other states in the
What is the difference between item 3.A. and U.S., except those shown in item 3.A. and the monopolistic states, are shown or listed to
3.C. ? trigger Other States Insurance for claims that could be made in that state by employees
who are there on a temporary basis. For example, in item 3.C., a business located only
in Oklahoma might have listed: "All states except OK, ND, OH, WA, WY."
The experience modifier reflects employers claims experience, that is, the frequency
What is the experience modifier and what is
and severity, or cost, of claims. The experience modifier—a value that is normally more
its purpose?
or less than 1.0—is used to calculate an employer's premium
What is the general purpose of section A of Explains the policy's role as an insurance contract
the workers compensation coverage page?
What is the general purpose of section B of Clarifies who is insured
the workers compensation coverage page?
What is the general purpose of section C of Describes workers compensation law
the workers compensation coverage page?
What is the general purpose of section D of Explains in which states coverage applies
the workers compensation coverage page?
What is the general purpose of section E of Explains in which states coverage applies, Identifies workplace locations where
the workers compensation coverage page? coverage applies
Explain what Paragraph C. in the General Paragraph C. does not focus on federal workers or federal workers compensation laws.
Section of the Workers Compensation and
Employers Liability Insurance Policy does
not apply to.
CISR - Commercial Casualty II - Study Guide Questions
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