Workers comp is - Study guides, Class notes & Summaries

An insurer must obtain the following from the commission's before transacting insurance business - Answer-certificate of authority The guaranty fund provides coverage for unpaid health insurance claims up to: - Answer-$300,000 The commissioner may: - Answer-fine a Producer $10,000 for violating a Cease and Desist order The commissioner must inspect the records of a domestic property or life insurance company Every: - Answer-3 years An insurer may pay commissions directly to the agen...

1911, SEVENTEEN DAYS AFTER THE DEVISTATING FIRE AT THE TRIANGLE SHIRTWAIST COMPANY FACTORY IN NEW YORK TOOK 146 LIVES - ACCURATE ANSWERS when was the 1st work comp act passed? 1. NO FAULT 2. EXCLUSIVE REMEDY 3. ASSURED FIXED BENEFIT - ACCURATE ANSWERS WHAT ARE THE 3 COMPONENTS OF THE WORK COMP SYSTEM E employer is required to pay benefits no matter who caused the injury, as long as the injury arose out of or occurred in the course of employment. - ACCURATE ANSWERS NO FAULT Less the em...

PROPERTY & CASUALTY QUESTIONS GA EXAM QUESTIONS AND ANSWERS 100% PASS The arbitration clause in a personal auto policy would be used in which of the following circumstances? A. The ins company and a pedestrian struck by the insured's auto cannot reach an agreement regarding the settlement of a claim. B. The insured and an injured 3rd party cannot reach an agreement regarding the settlement of a claim. C. The court have ruled against an injured 3th party. - Correct Answer ️️ -B. The ...

Which of the following is incorrect? Part A covers long term care Part A covers hospital care Part B covers physicians Part B requires monthly premium payments - ANSWER Part A covers long term care Medical payments coverage under the personal auto policy applies for medical bills insured up to how long after an accident? One year Five years Three years Two years - ANSWER Three years Workers Comp. Part. I covers: All sums the insurer is required to pay by state law ...

In calculating the premium for a Workers Comp policy, an experience modification factor over 1.0 will result in what? A. A premium increase B. A premium reduction C. No change in the premium D. Any of the above - Answer A. A premium increase Which Homeowner's policy provides all risk or open peril coverage on the dwelling but broad form coverage on the personal property? A. HO-2 B. HO-3 C. HO-5 D. HO-8 - Answer B. HO-3 Which one of the following coverages is NOT included in ...

Property and causality Exam ADP Questions and Answers 100% Pass In a commercial general liability policy medical payment pay for medical expenses Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or use Professional liability In PA, what is the minimum amount required for damages for liability to cover motor vehicles accidents? a. 15K, 30K, 5K Under an equipment breakdown...

PROPERTY & CASUALTY QUESTIONS GA EXAM QUESTIONS AND ANSWERS 100% PASS The arbitration clause in a personal auto policy would be used in which of the following circumstances? A. The ins company and a pedestrian struck by the insured's auto cannot reach an agreement regarding the settlement of a claim. B. The insured and an injured 3rd party cannot reach an agreement regarding the settlement of a claim. C. The court have ruled against an injured 3th party. - Correct Answer ️️ -B. The ...

What part of Medicare covers prescription drug services - correct answer Part D What is medical coding? - correct answer Translating medical documentation into codes. Which is NOT a covered entity of HIPAA... Medicare, Worker's Comp, Dentists, Pharmacies - correct answer Workers compensation What is an NCD (National Coverage Determination) interpreted at the MAC level considered? - correct answer LCD (Local Coverage Determinations) When should an ABN (Advance Beneficiary Not...

Health And Life Exam Questions And Answers 100% Solved What is the shortest possible elimination period for group short term disability benefits provided by an employer?️️0 days All of the following are true regarding key person disability income Except️️Premiums are tax deductible as a business expense An employee insured under a group health policy is injured in a car wreck while performing her duties for employer. This results in a long hospitalization. Which is true?️️...

Health plan, clearinghouses, and any entity transmitting health information is considered by the Privacy Rule to be a: → ::- covered entity Which of the following is not a covered entity in the Privacy Rule → ::- healthcare consulting firm A request for medical records is received for a specific date of service from patient's insurance company with regards to a submitted claim. No authorization for release of information is provided. What action should be taken? → ::- release...