Which of the Following Is NOT True of Workers' Compensation

question 13

Multiple Choice

Which of the following is NOT true of workers' compensation?

• A) Unlimited medical aid is provided under workers' compensation.
• B) The goal of workers' compensation is to return the employee to his or her job (or some modification thereof) as soon as possible.
• C) The emphasis of workers' compensation is primarily on assessment, payments, and rehabilitation.
• D) Injured workers can receive benefits in the form of a cash payout under workers' compensation.

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Definitions:

Insurable Interest

A requirement that a person stands to suffer a financial loss or certain types of losses from the damage, loss, or destruction of the subject matter of the insurance policy.

Purchase Money Security Interest

A legal claim that allows a lender to repossess or foreclose on property if the borrower fails to pay back the loan used to purchase the property.

Grain Elevator

A facility equipped to receive, store, and often ship grain.

Bankruptcy

is a legal process through which individuals or businesses unable to pay their debts can seek relief from some or all of their financial obligations.