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Vermont Adjuster's Examination for Workers Compensation Insurance Series 14- 34. Exam Questions And Correct Answers $10.49   Add to cart

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Vermont Adjuster's Examination for Workers Compensation Insurance Series 14- 34. Exam Questions And Correct Answers

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Vermont Adjuster's Examination for Workers Compensation Insurance Series 14- 34. Exam Questions And Correct Answers An employee in Vermont has contracted a disease as a result of employment. A claim must be brought for workers compensation benefits within: - answerTwo years of the discovery of ...

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  • October 15, 2024
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©SIRJOEL EXAM SOLUTIONS
10/14/2024 11:14 PM




Vermont Adjuster's Examination for
Workers Compensation Insurance Series 14-
34. Exam Questions And Correct Answers


An employee in Vermont has contracted a disease as a result of employment. A claim must be

brought for workers compensation benefits within: - answer✔Two years of the discovery of the

disease

In Vermont, the employer/insurer has how many days from receiving notice of a claim to

determine whether


any compensation is due an injured employee? - answer✔21 Days


Which of the following workers are covered by the FELA Act of 1908? - answer✔Railroad

employees

To be covered under a standard workers compensation policy, the last exposure to the conditions

causing bodily injury by disease must occur: - answer✔Within the policy period


A workers compensation claim may be denied for all of the following except? - answer✔Injured

while being trained for a hazardous job

, ©SIRJOEL EXAM SOLUTIONS
10/14/2024 11:14 PM
Under Vermont's workers compensation laws, which of the following injuries would not qualify

for permanent total disability benefits? - answer✔A severely broken arm that can heal.


Dependent children of a worker killed on the job will receive income benefits: - answer✔Until

age 18 or longer if still in an accredited school

The premium charged for a standard workers compensation policy is based primarily on a

company's: - answer✔Payroll


An employee suffered a severe injury while operating a piece of machinery known to be in need

of repair. Unfamiliar with the workers compensation law, the spouse sued the employer,

claiming loss of consortium. What coverage if any in a standard workers compensation policy

would respond to this lawsuit? - answer✔Employers liability coverage


A person who willfully makes a false statement or representation for the purpose of obtaining

any workers compensation benefit or payment either for her or himself or another shall be

assessed a penalty of: - answer✔$1,000


All states' workers compensation laws provide which benefits in the case of worker injury? -

answer✔Medical expenses without limits


Disability/loss of wages

An insurance carrier who does not intend to renew a policy of workers compensation insurance

covering the liability of an employer in Vermont must notify the commissioner and the employer

at least how long prior to the expiration of such policy? - answer✔45 days

, ©SIRJOEL EXAM SOLUTIONS
10/14/2024 11:14 PM
Which of the following statements about workers compensation laws is correct?

A: The scope of coverage is identical in all states

B: Every state provides "extraterritorial" coverage for residents working in another state

C: Limited benefits are provided for non-economic damages such as pain and suffering

D: The benefits provided under the law are typically the exclusive remedy for injured employees

- answer✔D: The benefits provided under the law are typically the exclusive remedy for injured

employees

An employer who fails to provide workers compensation insurance shall be assessed a penalty of

how much per day for every day that the employer neglected to insure workers compensation

liability prior to receiving notice from the commissioner, but not to exceed how much? -

answer✔$50 / $5,000


When do benefits under Vermont's workers compensation law begin for a temporary partial

disability? - answer✔Benefits begin after the third day


If a worker, covered under workers compensation coverage in Vermont, sustains a work related

fatality, what will the death and survivor benefit be for the employee's surviving spouse and two

or more children? - answer✔76 2/3% of the employee's average weekly income


**Spouse and 1 dependent is 71 2/3%

Spouse and 0 dependent is 66 2/3%

, ©SIRJOEL EXAM SOLUTIONS
10/14/2024 11:14 PM
Which of the following is NOT used to determine wages?

A: The total household income

B: Bonuses

C: Paid vacation


D: Average of last 12 weeks of wages - answer✔A: The total household income


In most states, workers compensation coverage is available through - answer✔Private insurers or

self-insurance

The adjuster is a fiduciary agent. As a fiduciary agent of the principal (the insurer), the adjuster

should: - answer✔Act with a high degree of fidelity and loyalty to the interests of the principal


Which of the following is the most correct concerning premiums in a standard workers

compensation policy? - answer✔The insurer has three years after policy expiration to audit the

insured's payroll records in order to determine the final premium.

Which of the following do not have to be covered for workers compensation in Vermont?

A: A bank employee

B: An auto mechanic

C: A ranch employee whose payroll is less than $10K per year


D: An insurance adjuster for an insurance company - answer✔C: A ranch employee whose

payroll is less than $10K per year

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