Which of the following statements about group insurance is true?
A) Individual contracts are issued to each person covered under a group insurance plan.
B) The cost of group insurance is usually higher on a per-person basis than the cost of individual insurance.
C) The actual experience of a large group is a factor in determining the premium that is charged.
D) Individual evidence of insurability is usually required.
Answer: C
You might also like to view...
Which of the following is an effect of social influences on consumer buying decisions?
a. Consumers base decision making on the values and beliefs of their culture. b. Consumers rely on personal experience to make a buying decision. c. Consumers seek out the opinions of others for decision making. d. Consumers make decisions based on their ideal self-image.
At what point muscle under automatically cancel private mortgage insurance on a loan?
A. When the loans balance is 78% of the homes original value B. When the loans balance is 78% of the homes current appraised value C. When the loans balance is 80% of the homes original value D. When the loans balance is 80% of the homes current appraised value