Group life

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

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


Kaugnay na mga set ng pag-aaral

Neurological Conditions Quizzes (Exam 2)

View Set

ZOOL 2425 Final Review 2023-Spring

View Set

Ch 19 French Revolution Exam Prep

View Set

Obchod II. - zápočet JUDr. Čech

View Set

Chapter 38 Oxygenation and Perfusion

View Set