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Workers Comp Pop Quiz – So You Think You Know WC?

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Workers Comp Pop Quiz – 10 Questions – Are You Ready?

All the answers to this Workers Comp pop quiz can be found in the articles on this website and at NCCI and WCIRB.

Sharpen your e-pencils and get ready to increase your knowledge of the often overlooked line of insurance.

Agents, adjusters, underwriters, and any Workers Comp personnel should be able to answer these questions.   The J&L website exists to expand your workers comp knowledge, so let us start.  Forward your scores to your coworkers and friends to impress them.

pic of workers comp pop quiz alarm clock
Wikimedia License – Batholith

Set your timer for 20 minutes, oh OK 30 minutes.  These are not multiple choice, so write quickly.   Remember to do a search of this website to find your answers or you may already know them.

The answers will appear here next week.

Workers Comp Pop Quiz

  1. Which state recently changed its Workers Comp Experience Modification Factor calculation? This is a semi-trick question.  Bonus – what is the new equation? Why was it changed?
  2.  What are Standard Exception Codes?  How are states and rate bureaus eliminating these lower-cost class codes?
  3. Name two monopolistic states for Workers Comp.  What makes them monopolistic? Bonus – which state was the last one to convert to an open market system from being monopolistic?
  4. Can a Workers Comp court decision in one state affect other states?  Another semi-trick question.
  5. Sally S was injured in a state with a seven calendar-day waiting period.  The claim was compensable.  Sally was out of work for 18 calendar days.  Is Sally’s waiting period payable?
  6. Do self-insureds have their own Experience Modification Factor?  If so, what is it called?
  7. What are the Six Keys to Workers Comp savings?  You will have to search this website to find them.
  8. The first Workers Comp system was located in _________.
  9. Did the Affordable Care Act mention Workers’ Compensation? If so, how many times?
  10.  Does China have a Workers Comp system for injured workers?

Bonus Questions

  • Which foreign country invests the largest amount of money in US Treasury Bills?  Why is that important to Workers Comp insurance carriers?
  • What was the date of the first article ever written on this website?  It was almost 15 years ago.

Good luck with the Workers Comp pop quiz.

Related Posts:

Pop Quiz Answers – Did You Really Know Workers Comp?

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James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications

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