MN WC ADJUSTER TEST PREP

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MN WC ADJUSTER TEST PREP

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -97 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: A claimant files a claim and does not hire an attorney. What is the obligation of the adjuster to advise the claimant regarding the statute of limitations that may apply in the state of MN?

• No obligation
• Send a notice at least 60 days in advance

Answer:

B

Question 2: WC Does not cover what?

Answer:

Pain and Suffering Question 3: In the case of the death of an employee as a result of a work related accident, what is the burial allowance provided by WC Insurance?

Answer:

$15,000

Question 4: What is the correct method an insurer must use when cancelling a WC Policy?

Answer:

Must be done in specific conformity with the individual state law.Question 5: PPD must be rated as a percentage of the whole body in accordance with rules adapted by the Commissioner. If a person sustains disability of two or more body parts, what is the maximum total impairment percentage they can expect to receive?

A) 50%

B) 70%

C) 80%

D) 100%

Answer:

D

Question 6: TTD wage loss benefits will cease how many days after MMI?

Answer:

90 days Question 7: Which of the following basic WC Benefits compensates a widow or other dependent family member of an employee whose death results from a work related injury?

• Disability Income Benefits
• Medical Benefits
• Survivor Benefits
• Death Benefits

Answer:

C Question 8: No insurer, agent or other rep of an insurer nor any adjuster may pay any fee or other compensation to any person for acting as an adjuster or a public adjuster solicitor except:

Answer:

When the person has been duly licensed

Question 9: If an employee dies in a job related accident, what death benefits are payable to the surviving spouse and/or dependents?

• The spouse will receive 50% of the employee's weekly wage for 10 years
• The spouse will receive 66 2/3% of the employees average weekly wage, the expiration of

which will be determined by state statute

Answer:

B Question 10: Part one of the WC Employer Liability Insurance Policy describes:

Answer:

The insurer's duty to pay promptly, when due, and the benefits required of the employer by the WC Statue Question 11: What would NOT be true about work related injuries that fall outside the scope of WC law?

Answer:

The employer cannot be held liable for such injuries Question 12: What provisions can be found in a standard WC Policy's conditions section?

Answer:

Certain rights of the insurer and insured

Question 13: What is found in the Part VI-Conditions section of a WC Policy?

Answer:

Cancellation Cause Question 14: Which of the following are covered by the Federal Employers' Liability Act?

• Longshoremen and harbor workers
• Coal Miners
• Employees of interstate railroads

Answer:

C

Question 15: A manufacturer has standards workers compensation policy for operations conducted in its home state. The manufacturer plans fo expand into one of the state which operate a monopolistic state fund. How should this employer arrange for WC Coverage in the new state?

Answer:

Arrange for separate coverage from the new states monopolistic fund Question 16: What is the penalty for acting as an adjuster without a license in MN?

Answer:

$500 fine

Question 17: Who is covered under the Federal Employees Compensation Act?

Answer:

Federal employees exempt under state WC Laws Question 18: Dependent children of a worker deceased on the job will receive income benefits until...?

Answer:

Until the age of 18 or longer if still in an accredited school

Question 19: The manual premiums for WC are based on ?

Answer:

The job description of the employees

Question 20: Individual adjuster licenses expire when?

Answer:

On the last day of the birth month of the adjuster every two years

Question 21: Part II- Employers liability coverage, provides what WC Coverage

Answer:

Claims that are not subject to WC Laws Question 22: What is the purpose of the various classifications used in the rating of Worker's Compensation Coverage?

• Assigning rate classifications reflecting work exposures to the employee.
• Providing methods of separating payroll for various employers