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AINS 103 STUDY GUIDE EXAM QUESTIONS AND ANSWERS
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AINS 103 STUDY GUIDE EXAM QUESTIONS AND ANSWERS
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AINS 103 STUDY GUIDE EXAMQUESTIONS AND ANSWERS
Occupational injury - Answer-Generally, an employee is covered for any work-related
injury sustained while at a place of employment or while traveling for the employer.
Injuries occurring while traveling to or from work are typically not covered.
Occupational disease - Answer-Generally, an employee is covered for a disease
thought to be caused by the work or the work environment. Most occupational diseases
become evident during employment or soon after an employee's exposure to harmful
conditions. But many states provide extended periods of time for discovering slowly
developing diseases.
Temporary partial disability - Answer-Disability caused by a work-related injury or
disease that temporarily limits the extent to which an employee can perform specific job
duties for a period of time (such as 30 or 60 days). After that period, the worker is
expected to be able to resume all job duties.
Temporary total disability - Answer-Disability caused by a work-related injury or disease
that temporarily renders an injured employee unable to perform any job duties for a
period of time (such as 30 or 60 days). After that period, the worker is expected to be
able to resume all job duties.
Permanent partial disability - Answer-Disability caused by a work-related injury or
disease that impairs the injured employee's earning capacity for life. The employee is
able to work at reduced efficiency.
Permanent total disability - Answer-Disability caused by a work-related injury or disease
that renders an injured employee unable to ever return to gainful employment.
Industrial and private employers - Answer-Workers compensation statutes apply to
virtually all industrial workers and most other kinds of private employers.
Employees
Employees - Answer-Entitlement to benefits depends on whether a person qualifies as
an employee (a person hired to perform services for another under the direction and
control of the employer). Employees, but not necessarily independent contractors, are
entitled to workers compensation benefits.
Employees of independent contractors - Answer-An independent contractor might
employ others. The independent contractor, like other employers, must then provide
workers compensation benefits to its employees.
Leased employees - Answer-Leased employees are provided by a leasing contractor
(sometimes called a professional employer organization, or PEO) to a client company.
, The PEO is typically responsible for providing leased employees with workers
compensation coverage.
Temporary employees - Answer-Temporary employees are hired for short-term
assignments to cope with peak loads or to replace an employee who is sick or on
vacation. The organization supplying the temporary employees provides them with
workers compensation benefits.
Aubree was employed by a temporary employment agency and assigned to a
department store during a busy shopping period. While lifting a box, she strained her
back and required medical care and rehabilitation. She lost a month's wages. Which
employer's workers compensation policy, if any, will provide benefits for Aubree's
injury?
The department store - Answer-The employment agency
Examining Cyber Risks - Answer-- A cyber risk loss exposure is a condition that
presents the possibility of financial loss to an organization because data ended up in the
possession of a party who is not authorized to have it.
- Organizations that use the internet must consider the loss exposures presented to
their systems and data, as well as to those of their customers and suppliers.
Property loss exposure - Answer-Property exposed to cyber loss can be tangible or
intangible. Tangible property can include computer systems, production equipment, and
machinery. Intangible property can include data, trade secrets, and intellectual property.
Say, for example, an employee's computer becomes infected with a virus. It could lead
to lost data and to permanent damage to the computer and other devices connected to
it.
Income loss exposure - Answer-Insurance professionals and the organizations they
work with should consider any possible business interruption that could result from a
cyber risk loss exposure that would decrease revenues and/or increase expenses.
For example, if an online company's website is shut down because of a cyberattack, it
would not be able to take orders, leading to a loss of income. In addition, it would likely
incur expenses to get the website running again.
An organization could also incur a loss of income if one of its suppliers experiences a
cyberattack that renders it unable to fulfill orders.
Liability loss exposure - Answer-Organizations often have a variety of liability loss
exposures related to cyber risks.
For example, if customer data is stolen by cybercriminals in a data breach, the
organization could face lawsuits, fines, and other expenses, such as providing identity
theft protection services to customers.
An organization could also have to pay damages if it's found guilty of slander or
infringing on another company's copyright.
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