West Virginia Adjusters Practice Exam

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Which legislation requires employers in certain states to purchase workers' compensation from state-designated programs?

Exclusive Remedy
Monopolistic
Special Coverage
State-Designated Policy

The correct answer is: Exclusive Remedy

This an incorrect answer because Exclusive Remedy refers to the legal concept that limits the liability of employers in the event of work-related injuries or illnesses. It does not require employers to purchase workers' compensation from state-designated programs. Option B, Monopolistic, is also incorrect because it refers to a type of workers' compensation system where the state has a monopoly and is the sole provider of coverage. This may be true in some states, but it does not apply to all states with this legislation. Similarly, option C, Special Coverage, is not the correct answer because it simply refers to any additional coverage that may be purchased by an employer to supplement their workers' compensation policy. It does not pertain specifically to the legislation in question. Option D, State-Designated Policy, is also incorrect because it does not accurately describe the legislation. The correct term for this legislation is Sate Funded Workers' Compensation, which requires employers in certain states to purchase coverage from state-designated programs.