Which of the Following Statements Is NOT True About Workers

question 90

Multiple Choice

Which of the following statements is NOT true about Workers' Compensation Insurance?

• A) Employers generally pay premiums in advance.
• B) Most states require employers to provide coverage.
• C) Employers normally pass along the cost of coverage to employees.
• D) Premium rates vary based on risk and claims.

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Definitions:

Investment Bankers

Professionals who work for financial institutions, facilitating mergers, acquisitions, and issuing of securities for corporations and governments.

Commercial Bankers

Professionals working in commercial banks that provide a variety of financial services including loans, deposits, and investment products to businesses and individuals.

Credit Raters

Agencies or entities that assess the creditworthiness of issuers of debt securities, determining their ability to make timely interest payments and repay the principal.

Sarbanes-Oxley Act

A U.S. federal law that aimed to protect investors by improving the accuracy and reliability of corporate disclosures.