Exam (elaborations)
CISR - Commercial Casualty II - Study Guide Questions With Complete answers_100- sure_.pdf
- Course
- Institution
CISR - Commercial Casualty II - Study Guide Questions With Complete answers_100- sure_.pdf
[Show more]
Seller
Follow
Content preview
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
2/9
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 Denyss. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81113 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
