Insurance License Ch. 14

Workers Comp

Where are employees covered?

5 days

How long does employee have to accept workers comp?

Reasonably related to employment

The injury of an employee must be what?

Negligence

Payments are made regardless of what?

Exclusive Remedy

Can’t sue employer, only accept workers comp

Result of intoxication

What type of injury is excluded?

Medical Benefits

Unlimited coverage for all necessary medical expenses

7

Texas law says disability income benefits are paid after a ____ day waiting period

Funeral Expense Benefit

the insurer provides $10,000 as a burial expense

Info page

What is dec page called in workers comp?

employer

Only this person can add employers coverage: employer negligent in maintaining a safe work environment

Other states insurance

Part 3 of information page lists

Final Premium

The premium paid at policy issuance is only a premium deposit and that the final premium will be determined after an audit

Inspection

Company may inspect for insurability and premium not for OSHA safety