Exam 7: Workers Compensation Insurance

How do insurance companies set their rates?

Explain an insurance company's duty to defend under a workers' compensation insurance policy.

Do the laws applying to self-insurance unduly favor large companies over those with smaller assets?

Do all workers' compensation insurance policies contain a duty to defend clause?

What is subrogation?

What are the consequences for an employer who fails to maintain workers' compensation insurance coverage?

An insurance company is a fiduciary for the companies and employers that it ensures.

Insurance companies charge policies to their customers as payment for workers compensation insurance coverage.

What is the rule about ambiguities in insurance policies?

What is a premium?

Explain the following terms, and how they relate to workers' compen- sation insurance coverage: premium, policy, and duty to defend.

What are the three basic options open to an employer who wishes to comply with state law requiring workers' compensation insurance coverage?

What principles do courts follow in construing the provisions of insurance policies?

Why is workers' compensation insurance different than other types of insurance?

Employers and companies are not allowed to act as self-insurers.

An insurance company is allowed to sue others, not be insured, to reclaim the money it has paid out.

Explain the basic arrangement between an insurance company and an insured.

Explain the state-mandated features of a workers' compensation insur- ance policy.

What roles does the state play in regulating workers' compensation insurance coverage?

How does a company qualify as a self-insurer?