IIA
IIA-CFSA · Question #196
All members of a group insurance plan (group insureds) are covered under a single contract, known as a master group insurance contract. The employer or entity purchasing the group insurance is known…
The correct answer is A. Noncontributory plan. See the full explanation below for the reasoning.
Question
All members of a group insurance plan (group insureds) are covered under a single contract, known as a master group insurance contract. The employer or entity purchasing the group insurance is known as group policyholder. In _____________, group insureds do not pay any premium for the coverage.
Options
- ANoncontributory plan
- BContributory plan
- CLife insurance
- DPreexisting provision condition
How the community answered
(46 responses)- A74% (34)
- B13% (6)
- C9% (4)
- D4% (2)
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