l: Yitrgqggtiul final exam is comprised Of six (6) essay questions their 1. Explain the basis behind workers' c*nsation. What was the historical background that generated this line of insurance? How does workers' comirn.sation work in terms of coverage, rating and premium generation? Define the aspect of compensability and 'contract' between employer and employee. What are the Fific coverage components and what types of injuries does workers' compensation cover? How does employers' liability respond? 2. Management liability is an important component in protecting a company from outside the business norms. Descritx the functions Of Employnrnt Pretices Liability. Fiduciary and Crime insurance, What the catalyst behind creating thew covage products? What are the unique eompnentS that all three policies Officers' (D&O) is very sFCific and of business thc coverage product? What arc the sFcifrc comB'neIiIs of a DSO the actions in which they respond? Lastly, What is the difference between actions that aren't indemnifiable and are indemnifiable? 4. Protecting individuals from perils odrr than work related injuries is a very critical strategy that helps protect themselves frun unforeseen vrrils, catastrophe and even wtwn one leaves the workforce (retirement). Discuss the various components of unemployment insurance, disability, social security aml life insurance. What is the individual hoping to protect specifically? How does each prct create that remedy? gructured. What are tix factors that generate a 5. Describe how a global program particular product of a controlled master program? What are the benefits? Make sure to include the regulatory aslvcts in auiti" to admitted requirements. How a Freedom of Services policy provide economies Trade cvedii and Kidnap are specific product lines? Describe the key of do 6. How are they different? What are government involvenrot help maintain thc