Ready to test your Knowledge?
Try out our new practice tests completely free!
exam preparation banner icon

Risk Management

Business

Quiz 16 :

Risks Related to the Job: Workers Compensation and Unemployment Compensation

Quiz 16 :

Risks Related to the Job: Workers Compensation and Unemployment Compensation

search
arrow
Apart from the exclusions, work-related injuries due to employee negligence are not covered by workers' compensation.
Free
True False
Answer:

Answer:

False

arrow
With correct planning and effective implementation of safety mechanisms, accident frequency can be reduced to zero.
Free
True False
Answer:

Answer:

False

arrow
According to the Americans with Disabilities Act, if the medical plan does not cover certain treatment needed by persons with disabilities, such as vision care, the employer does not have to add vision care treatment.
Free
True False
Answer:

Answer:

True

arrow
A method of circumvention of the exclusivity of workers' compensation is the third-party over action, which begins with an employee's claim against the employer.
True False
Answer:
arrow
Several retrospective plans with various minimum and maximum premium stipulations are available.A plan with a low minimum and a low maximum premium payment is cheaper, but this puts most of the burden of the experience on the employer.
True False
Answer:
arrow
The stability and predictability of workers' compensation losses decreases as the number of employees of the firm increase.
True False
Answer:
arrow
Employers with high experience ratings are considered high risk.
True False
Answer:
arrow
Workers' compensation benefits are subject to income taxation.
True False
Answer:
arrow
Workers' compensation and unemployment compensation are voluntary programs required of employers.
True False
Answer:
arrow
All types of self-insurance require the use of stop-loss coverage through reinsurance.
True False
Answer:
arrow
Unemployment compensation is a purely social insurance program.
True False
Answer:
arrow
With the passage of the 1986 Tax Reform Act, all unemployment benefits became fully non-taxable to the recipient.
True False
Answer:
arrow
All medical care costs have, for decades, grown much faster than the overall consumer price index.
True False
Answer:
arrow
Severity is a better indicator of safety performance than frequency.
True False
Answer:
arrow
Occupational illness claims are not covered by workers' compensation.
True False
Answer:
arrow
Social insurance programs are required coverages as a matter of law.
True False
Answer:
arrow
In workers' compensation, the limits for temporary total disability are seldom reached in practice because the typical injured worker's condition reaches "maximum medical improvement," which terminates temporary total benefits.
True False
Answer:
arrow
Employer's liability insurance covers the employer from suits filed by injured employees who are not satisfied with the alternative benefits provided by the employer in elective states who have not opted for workers' compensation.
True False
Answer:
arrow
The return-to-work objective is to ensure employees' presence at work under any capacity, thus incurring less workers' compensation losses.
True False
Answer:
arrow
Exclusive laws list all the types of employment that are covered under workers' compensation.
True False
Answer:
Showing 1 - 20 of 75