States with monopolistic state workers compensation funds

Insurance

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States with monopolistic state workers compensation funds

A: Sell workers compensation insurance through private insurers that are in the state and receive a “kickback” for all policies sold on an annual basis

B: Do not allow private insurers to be licensed to write workers compensation coverage

C: Provide workers compensation insurance through managed risk plans

D: Require all employers in their state to purchase workers compensation insurance regardless of their financial capacity

Answer: Do not allow private insurers to be licensed to write workers compensation coverage

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