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Workers Comp Advanced Quiz – Our Readers Requested More

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.

pic Buddhist monks taking workers comp advanced quiz — Public Use License – Unknown photographer

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.

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James Moore

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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About The Author...

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