Question 1

When state unemployment funds are inadequate to continue paying benefits to unemployed workers,the state can:

Accepted Answer

A) declare bankruptcy 
B) levy additional taxes on an ad hoc basis, but no more than 10% in one year 
C) do nothing other than file a claim under any private unemployment insurance it may have purchased 
D) borrow from the federal government without paying interest 
A) declare bankruptcy 
B) levy additional taxes on an ad hoc basis, but no more than 10% in one year 
C) do nothing other than file a claim under any private unemployment insurance it may have purchased 
D) borrow from the federal government without paying interest D

Question 2

Which of the following is paid for under most workers' compensation systems?

Accepted Answer

A) injuries resulting from intoxication 
B) self inflicted intentional injuries 
C) injuries resulting from willful failure to follow safety rules 
D) injuries occurring from "horse play" on the job 
A) injuries resulting from intoxication 
B) self inflicted intentional injuries 
C) injuries resulting from willful failure to follow safety rules 
D) injuries occurring from "horse play" on the job D

Question 3

Assumption of risk was a common defense used by employers prior to the enactment of workers' compensation laws.

Accepted Answer

A) True 
 B)False  True

Question 4

The states can finance deficits in their unemployment compensation programs with interest free loans from the federal government.

Accepted Answer

A) True 
 B)False

Question 5

Worker's compensation covers all of the following losses except:

Accepted Answer

A) medical expenses resulting from a job related injury 
B) rehabilitation expenses resulting from a job related injury 
C) lost wages during a disability that results from job related injuries 
D) medical expenses resulting from an at home accident 
A) medical expenses resulting from a job related injury 
B) rehabilitation expenses resulting from a job related injury 
C) lost wages during a disability that results from job related injuries 
D) medical expenses resulting from an at home accident

Question 6

Cumulative injuries refer to disabling illnesses that occur over time in a working career.

Accepted Answer

A) True 
 B)False

Question 7

The majority of workers' compensation coverage comes from state-operated insurance pools.

Accepted Answer

A) True 
 B)False

Question 8

What are the general types of benefits provided under worker's compensation?

Accepted Answer

1) cash payments to replace lo

Question 9

Which of the following do not influence a workers' eligibility for,and amount of,unemployment benefits?

Accepted Answer

A) waiting period 
B) earnings record 
C) continuing interest in employment 
D) type of work performed 
A) waiting period 
B) earnings record 
C) continuing interest in employment 
D) type of work performed

Question 10

Which of the following is not an economic benefit to society of unemployment insurance?

Accepted Answer

A) provides employers a liability-free way to discharge employees without cause 
B) provides spendable cash for dismissed employees 
C) abates the downward spiral of the economy because of reduced spending 
D) helps keep families together under hard economic times 
A) provides employers a liability-free way to discharge employees without cause 
B) provides spendable cash for dismissed employees 
C) abates the downward spiral of the economy because of reduced spending 
D) helps keep families together under hard economic times

Question 11

If a state collects unemployment taxes,then federal unemployment taxes are offset by up to:

Accepted Answer

A) 50% 
B) 70% 
C) 90% 
D) 100% 
A) 50% 
B) 70% 
C) 90% 
D) 100%

Question 12

Choose the year closest to the enactment of unemployment insurance:

Accepted Answer

A) 1929 
B) 1935 
C) 1946 
D) 1955 
A) 1929 
B) 1935 
C) 1946 
D) 1955

Question 13

The exclusive remedy of worker's compensation law states that the:

Accepted Answer

A) compensation scheme for a work related injury is the employee's choice 
B) employer can sue employees for misconduct after compensation is paid 
C) employee can only collect from the worker's compensation system for work related injuries 
D) worker must exclusively use the tort system to resolve liability claims against the employer 
A) compensation scheme for a work related injury is the employee's choice 
B) employer can sue employees for misconduct after compensation is paid 
C) employee can only collect from the worker's compensation system for work related injuries 
D) worker must exclusively use the tort system to resolve liability claims against the employer

Question 14

Before worker's compensation laws,what legal defenses did employers use when they were sued by an employee injured at work? Briefly explain each of these defenses.

Accepted Answer

Assumption of the risk,contrib

Question 15

Approximately how much was paid in unemployment benefits in a recent year?

Accepted Answer

A) $410 million 
B) $41 billion 
C) $41 trillion 
D) $41 million 
A) $410 million 
B) $41 billion 
C) $41 trillion 
D) $41 million

Question 16

All workers' compensation claims are reviewed by special courts.

Accepted Answer

A) True 
 B)False

Question 17

Explain how a worker can be disqualified for unemployment benefits.

Accepted Answer

Disqualification may result fr

Question 18

Workers' compensation insurance today is primarily a federal,rather than a state,program.

Accepted Answer

A) True 
 B)False

Question 19

Unemployment insurance is financed by a _______________on covered wages.

Accepted Answer

A) 7)65% federal tax on covered wages up to $7,000 
B) 6)2% federal tax on covered wages up to $7,000 
C) 5)4% federal tax on covered wages up to $87,000 
D) 6)2% state tax on covered wages up to $7,000 
A) 7)65% federal tax on covered wages up to $7,000 
B) 6)2% federal tax on covered wages up to $7,000 
C) 5)4% federal tax on covered wages up to $87,000 
D) 6)2% state tax on covered wages up to $7,000

Question 20

Unemployment benefits are usually available in which of the following situations?

Accepted Answer

A) worker voluntarily quits to find a better job 
B) worker fired for theft 
C) worker is laid off when employer becomes bankrupt 
D) worker is participating in a strike 
A) worker voluntarily quits to find a better job 
B) worker fired for theft 
C) worker is laid off when employer becomes bankrupt 
D) worker is participating in a strike

Exam 23: Unemployment and Workers Compensation Insurance

When state unemployment funds are inadequate to continue paying benefits to unemployed workers,the state can:

Which of the following is paid for under most workers' compensation systems?

Assumption of risk was a common defense used by employers prior to the enactment of workers' compensation laws.

The states can finance deficits in their unemployment compensation programs with interest free loans from the federal government.

Worker's compensation covers all of the following losses except:

Cumulative injuries refer to disabling illnesses that occur over time in a working career.

The majority of workers' compensation coverage comes from state-operated insurance pools.

What are the general types of benefits provided under worker's compensation?

Which of the following do not influence a workers' eligibility for,and amount of,unemployment benefits?

Which of the following is not an economic benefit to society of unemployment insurance?

If a state collects unemployment taxes,then federal unemployment taxes are offset by up to:

Choose the year closest to the enactment of unemployment insurance:

The exclusive remedy of worker's compensation law states that the:

Before worker's compensation laws,what legal defenses did employers use when they were sued by an employee injured at work? Briefly explain each of these defenses.

Approximately how much was paid in unemployment benefits in a recent year?

All workers' compensation claims are reviewed by special courts.

Explain how a worker can be disqualified for unemployment benefits.

Workers' compensation insurance today is primarily a federal,rather than a state,program.

Unemployment insurance is financed by a _______________on covered wages.

Unemployment benefits are usually available in which of the following situations?

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the Insurance Market: the Economic Problem

Insurance Regulation

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Basic Property and Liability Insurance Contracts

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the Personal Auto Policy

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