XCEL CHAPTER 5 EXAM WITH COMPLETE SOLUTIONS 100% SOLVED ALREADY PASSED
A non-contributory health insurance plan helps the insurer avoid?
A. adverse selection
B. state compliance
C. the underwriting process
D. tax deductions
adverse selection
All of the following are characteristics of a Grou...
A non-contributory health insurance plan helps the insurer avoid?
A. adverse selection
B. state compliance
C. the underwriting process
D. tax deductions
adverse selection
All of the following are characteristics of a Group Life Insurance Plan EXCEPT?
A. Group underwriting
B. Master contract
C. Individual underwriting
D. Probationary period
Individual underwriting
, What does the Group Life underwriting risk selection process help protect
insurance companies from?
A. Risk aversion
B. Natural selection
C. Adverse selection
D. Risk management
Adverse selection
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?
A. Coordination of benefits
B. Conversion
C. Extension of benefits
D. Rollover
Conversion
The conversion privilege under a group life plan allows an employee to convert to
a(n)?
A. family plan with another insurer
B. individual plan with another insurer that has better rates
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