Which states have an exclusive fund for Workers' Compensation insurance?

The correct choice is that four states have an exclusive fund for Workers' Compensation insurance. An exclusive fund means that the Workers' Compensation insurance is provided via a state-sponsored program rather than through private insurance carriers. In this system, the state takes on the role of the insurance provider, handling claims and coverage for workers injured on the job.

This structure is significant because it can streamline the process for benefits and create uniform standards for coverage. The states with exclusive funds often have unique regulations in place that differentiate them from those that rely on a more competitive market with private insurers. It's important for workers and employers in these states to understand how the exclusive fund operates, including the benefits available and the process for filing claims.