Author Question: Which of the following statements regarding group long-term disability income insurance plans is ... (Read 82 times)

xclash · **on:** Jul 11, 2018

Which of the following statements regarding group long-term disability income insurance plans is (are) true?

I. These plans are usually limited to occupational disabilities.
II. These plans typically use a more restrictive definition of disability after an initial period of disability, such as two years.
A) I only
B) II only
C) both I and II
D) neither I nor II

Question 2

Connors Company self-funds the medical expense benefits that it provides to its employees.

Connors Company has a contract with a commercial health insurance company providing that the health insurance company will pay all claims in excess of 250,000. The arrangement with the health insurance company is called
A) reinsurance.
B) managed care.
C) stop-loss insurance.
D) coinsurance.