Cebs exam - Study guides, Class notes & Summaries

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CEBS-GBA 1- PRACTICE EXAM WITH CORRECT 100+ QUESTIONS AND ANSWERS GOOD SCORE IS GUARANTEED LATEST 2024 – 2025 GRADE A+

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CEBS GBA EXAM 1 ACTUAL EXAM ,PRACTICE EXAM AND STUDY GUIDE ALL QUESTIONS AND WELL ELABORATED ANSWERS TOP RATED VERSION FOR HIGHLY RECOMMENDED BY EXPERTS |NEW AND REVISED What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" ( CEBS GBA EXAM 1 ACTUAL EXAM ,PRACTICE EXAM AND STUDY GUIDE ALL QUESTIONS AND WELL ELABORATED ANSWERS TOP RATED VERSION FOR HIGHLY RECOMMENDED BY EXPERTS |NEW AND REVISED Wha...

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 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...