Insurance and Fair Labor Standards
Fair Labor Standards Act / Insurance Assessment
Name
First Name
Last Name
1. Federal minimum wage is:
A. $8.75
B. $7.25
C. $5.25
D. $15.00
2. An employer paying on Piece Rate is still required to track hours and pay overtime when worked.
True
False
3. Federal overtime is measured on the following basis:
A. Pay Period basis (over 80 hours)
B. Only if the employer bid OT into the job
C. Weekly basis (over 40 hours)
D. Daily basis (over 8 hours in a day)
E. Whenever the employer decides
4. Travel time includes all of the following and must be counted as hours worked except:
A. To and from work
B. Travel away from home community as a passenger during normal work hours
C. Travel that is all in a day's work
D. Travel as a driver required to haul materials to the job site
5. Owners must keep track of hours worked on all non-exempt workers regardless how the employees are paid:
True
False
6. Using a 1099 tax form is the sole factor when determining if a worker meets the test of independence:
True
False
7. A certificate of insurance is:
A. Full proof of proper coverage from a subcontractor
B. Indicates all exclusions in a subcontractor's insurance policy
C. Provides very basic information that is not enough to properly transfer risk
D. Provides guaranteed protection as additional insured for all upper tier contractors
8. In Utah the length of the Statute of Repose is:
A. Twelve month warranty period
B. Ten years
C. Two years if the contract requires it
D. Nine years
E. Nine years, with an additional two years if the problem was discovered in the eighth or ninth years
9. The following are parts to a well written risk transfer agreement, EXCEPT:
A. Requirement that lists coverages and prohibited coverage exclusions
B. Hold Harmless/Indemnification
C. Additional insured status requirement for both On-going and Completed Operations
D. Non-compete clause
10. The best way to properly risk transfer:
A. Require all lower tier contractors to list the upper tier as an additional insured on insurance certificate and get proof of endorsement
B. Obtain a signed Hold Harmless/Indemnification agreement from all subcontractors before the work starts
C. Review subcontractors insurance policies to see what exclusions they have
D. All of the above
11. A blanket additional insured protects the upper tier contractor better than being endorsed onto the lower tiers insurance policy.
True
False
12. Workers' compensation premium is determined by applying a rate against:
A. Sales
B. Profit
C. Subcontracted Costs
D. Payroll
E. Number of employees
13. It is legal for Employers to pay for Workers' compensation medical claims out of their own pocket as a way to reduce their experience modification factor.
True
False
14. General liability is not required as part of the DOPL licensing requirements, but is just a good idea.
True
False
15. The following limit of liability insurance is required by DOPL for licensing:
A. 1,000,000 / 2,000,000
B. 100,000 / 300,000
C. 500,000 / 1,000,000
D. 300,000 / 600,000
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