Gba 1 exam 2024 Study guides, Class notes & Summaries

CEBS GBA 1 Exam 2024 Questions & Answers | 100% Correct | 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 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 mort...

Which risk-handling techniques are being used by a firm that decides to not produce a dangerous chemical, to purchase insurance with a $10,000 deductible on its assets and to install a fire sprinkler system throughout the plant? - correct answer Avoidance, retention, insurance and control A healthcare organization is contemplating a possible investment in a new technology and is conducting a return on investment (ROI) analysis. Which of the following are typically used to define the returns...

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 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 mort...

CEBS GBA 1 Module 1 Exam 2023 – 2024

Employee Benefits - correct answer All forms of financial returns and tangible services and benefits employees receive as apart of an employee relationship Broad View of Employee Benefits - correct answer Virtually any form of compensation other than direct wages, including: 1. Employer's share of legally required payments (Social security and medicare, unemployment insurance and worker's compensation benefits) 2. Payment for time not worked (paid rest periods, paid sick leave, paid...

Broad view of Employee Benefits - correct answer This view sees employee benefits as virtually any form of compensation other than direct wages. Components of the Broad view of Employee Benefits - correct answer 1. Employer's share of legally required payments (Social Security and Medicare, unemployment insurance, and worker's compensation benefits) 2. Payments for time not worked (e.g. paid rest periods, paid sick leave, paid vacations, holidays, parental leave, etc). 3. Employer's...

CEBS GBA 1 Exam 2024 Questions & Answers | 100% Correct | 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 Which of the following statements correctly describes the term graduation as it applies to mortality tables? - It is a math...

CEBS - GBA 1 Actual Exam 2023 Questions and Answers (CEBS GBA 1 Exam) (VERIFIED Graded A+) (LATEST Version) Updated

GBA 1 Exam Study Guide | 2024 Questions & Answers | 100% Correct | Verified