Question

Which of the following statements about Indiana's approach to Workers' Comp insurance is true?

A. WC is compulsory, and Indiana has no state WC fund.
B. WC is elective, and Indiana has no state WC fund.
C. WC is elective, and Indiana has a competitive state WC fund.
D. WC is compulsory, and Indiana has a monopolistic state WC fund.

Answer 1

The correct statement about Indiana's approach to Workers' Comp insurance is that it is compulsory, and Indiana has a monopolistic state WC fund.

Step-by-step explanation:

The correct statement about Indiana's approach to Workers' Comp insurance is D. WC is compulsory, and Indiana has a monopolistic state WC fund.

In Indiana, Workers' Comp insurance is mandatory, meaning that employers are required by law to provide coverage for their employees. Additionally, Indiana operates under a monopolistic state WC fund, which means that the state itself is the exclusive provider of Workers' Comp insurance.

Workers' Comp insurance is designed to provide benefits to employees who suffer injuries or illnesses due to their job. It helps cover medical expenses, lost wages, and other costs associated with work-related injuries.