Workers Comp Advanced Quiz – Sharpen Your Pencils
Many of our article and newsletter readers requested more quizzes. This website was shaped by readers’ questions since 2007. So, let us start the 10-question workers comp advanced quiz. Two bonus questions were added to help your scores. The answers will be published next week.
This one is not going to be easy – trick questions possible. I am not going to do multiple-choice tests. Most of the answers can be found on the website. You can use the search tool to find the answers. If you are a true Workers Comp guru, you will not need to search for the answers to this workers comp advanced quiz.
- Who was in charge of the last Federal Government study on Workers Comp? Two options on this one. When was it published?
- How many states currently use NCCI as their rating bureau? Watch the term rating bureau here.
- What part of a workers compensation claim is “money left on the table?” What do I recommend using to track these funds?
- Which country is our third largest foreign investor in treasuries?
- What is the yearly report/form required by the Securities and Exchange Commission from insurance carriers?
- What is the number that represents a neutral Experience Modification Factor?
- When an insurance company becomes bankrupt, what is the exact term? Who decides when to place a carrier into this term?
- As a general rule, when can an insurance carrier perform premium audits on a 1/1/2020 to 1/1/2021 workers compensation policy? Are there any states that vary this timeframe?
- Why are certain employers placed in Assigned Risk Pools? – many answers to this question.
- Are there any states that allow employers to opt out of their Workers Comp system? If so, what is the name of that system?
- Bonus – Who provides the CPCU, ARM, AIC, and other insurance designations? Where are they located?
- Bonus – Can everyone succeed in insurance without a college degree? If so, list the methods for success.
The answers to this workers comp advanced quiz will be published at the bottom of this article next week. Good luck and please use the comments to ask any questions or to publish your answers. Thanks.
Correction – The answers will be published in the next article. Our newsletter and article readers requested the quiz and answers appear in separate articles.
If you found this quiz challenging, try some of the other quizzes such as this one.