Group life
The coverage, conditions, and limitations in the master policy of a group contract can be found in which document? Certificate of Authority Consumer report Coverage document Certificate of coverage and benefits
Certificate of coverage and benefits
The conversion privilege under a group life plan allows an employee to convert to a(n)
Individual plan upon employment termination
All of the following are characteristics of a group life insurance plan except Group underwriting Master contact Individual underwriting Probationary period
Individual underwriting
A non-contributory health insurance plan helps the insurer avoid
adverse selection
What does the group life underwriting risk selection process help protect insurance companies from
adverse selection
A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called a(n) employer group employee group association or labor group multiple coalition
association or labor group (They are organized and maintained in good faith for purposes other than obtaining insurance.)
Which of these factors would an insurer consider when determining whether to accept a group life plan
average age
Under a group life policy, the insurer will issue an individual _____ to the policyowner for delivery to each person insured. policy certificate application rider
certificate
Tim is covered under a group plan and would like to change his group coverage to an individual policy with the same insurer because of employment termination. Which of these describes the change that will take place?
conversion
An employee under a group insurance policy has the right to name a beneficiary and the right to remain on the group plan in the event of employment termination cash surrender the existing policy change the policy provisions convert to an individual policy in the event of employment termination
convert to an individual policy in the event of employment termination