Cebs – gba - Study guides, Class notes & Summaries

CEBS - GBA 1 - Practice Exam UPDATED ACTUAL Questions and CORRECT Answers Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? - CORRECT ANSWER- The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality...

ERISA - Answer- Employee Retirement Income Security Act 1974 SOC Reports - Answer- Service Organization Controls: for external vendors SOC 1 - Answer- Internal Controls & Financial reports; used by auditors SOC 2 - Answer- Security, availability, processing integrity, confidentiality and privacy controls;used by management, regulators, and others under an NDA SOC3 - Answer- Same as SOC2, but available for public use. Tribble V Edison - Answer- Landmark court case re fiduciary resp...

An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - 1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 4) Benefits are provided to participants and beneficiaries. Explain how a "plan, fund or program" for an employee benefit plan is defined (Mod...

CEBS GBA 2 Practice Exam Questions and Answers...

CEBS GBA EXAM 2 2024 WITH ALL QUESTIONS AND ANSWERS...

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CEBS GBA 2 Practice Exam Questions

CEBS GBA 2 Practice Exam Questions

CEBS GBA EXAM 1 WITH COMPLETE QUESTIONS AND ANSWERS ...

CEBS - GBA 1 - Practice Exam With All Questions and Answers...