Exam 7: Workers Compensation Insurance

The name of the regular monthly payment that the insured makes to the insurance company.

Under what circumstances may a company obtain multiple workers' compensation insurance policies?

What rules and regulations govern font sizes in insurance policies?

What does the court of appeals say about construing the unambiguous terms of an insurance policy?

The name for the contract between the insurance company and the insured.

The right of an insurance company to bring suit to reclaim funds it has indemnified:_______________ .

What is a fiduciary?

One of the main duties that an insurance company has under its workers' compensation policy is to provide a legal defense when an injured employee contests a claim.This is called:

Explain state-based workers' compensation insurance programs?

How are premiums calculated?

The process of reviewing many different factors to determine the risk of investment: __________.

Insurance companies have existed for centuries.

Explain the basic features of an insurance policy.

This type of insurance policy has many different exclusions and only focuses on a very narrow area of coverage.

Payment to the insured for a loss covered in the insurance contract:__________.

Explain how a company might qualify to become a self-insurer.

A relationship in which one person, or entity, is obligated to act in a trustworthy relationship to the other: ___________.