Author Question: Which of the following statements about group insurance is true? A) Individual contracts are ... (Read 79 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
Which of the following statements about group insurance is true?
 
  A) Individual contracts are issued to each person covered under a group insurance plan.
  B) The cost of group insurance is usually higher on a per-person basis than the cost of individual insurance.
  C) The actual experience of a large group is a factor in determining the premium that is charged.
  D) Individual evidence of insurability is usually required.

Question 2

Which of the following statements about group insurance underwriting principles is true?
 
  A) Employees should be required to remit premiums directly to the insurance company.
  B) The average age of the group should ideally increase over time.
  C) A group should be formed for the specific purpose of obtaining insurance.
  D) A flow of people through the group is desirable.



bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

Answer: C

Answer to Question 2

Answer: D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

For a complete list of videos, visit our video library