Cebs gba exam 2 2023 Study guides, Class notes & Summaries

CEBS - GBA 1 Practice Exam Questions and Answers Latest 2023/2024 (Verified). 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?: The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a ma...

CEBS Exam Practice Questions and Answers Latest 2023/2024 (100% Verified). Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a mathematical process that removes anomalies that should not appear in the mortality data 3. If the plan sponsor pays the premium, which of the following group insured benefits is taxable to the plan member?: Long-term disability (LTD) 4. Which of the following statements correctly describes phases of a...

CEBS GBA Exam 2 Question with complete solution 2023/2024What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - correct answer Assumption that rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be rewarded with market share and profit. However this is challenged by the consumer's "bounded rationality" - rational consumer is...

CEBS GBA 2 Practice Exam Questions 2023Practice Exam Questions 2023

CEBS GBA Exam 3 Questions & Answers 2023/2024 An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - ANSWER-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...

CEBS GBA Exam 2-with 100% verified solutions-2023-2024

CEBS - GBA 1 & 2 Practice Exam 2023 with complete solution latest update

CEBS - GBA 1 & 2 Practice Exam 2023 with complete solution latest update

CEBS - GBA 1 & 2 Practice Exam with complete solution Which of the following statements correctly describes the negotiated placement method of marketing a group benefits plan? - answer -Once potential insurers are identified, each company submits a brief report that highlights its general strategy, philosophy and proposed group benefits plan Which of the following statements correctly describes eligibility requirements under most group insurance plans? - answer -Unmarried children under a spe...