Oklahoma Life Health & Accident-Group

Card Set Information

Author:
hicksmix6
ID:
306110
Filename:
Oklahoma Life Health & Accident-Group
Updated:
2015-08-06 10:42:04
Tags:
Oklahoma
Folders:
Insurance
Description:
L-101 TO L-102
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  1. A group life underwriter would be concerned about all of the following EXCEPT?
    a. group eligibility
    b. individual health problems
    c. composition of the group
    d. group participation
    b. individual health problems
  2. Regarding a group insurance policy, all of the following are true, EXCEPT?
    a. minimum number of participants for group health insurance is 2
    b. minimum number of participants for group life insurance is 10
    c. each employee receives a copy of the master group policy
    d. premiums are group experience and not individual participant claims
    c. each employee receives a copy of the master group policy
  3. All of the following are true regarding group life insurance EXCEPT?
    a. written as one-year, level term insurance
    b. can be converted only with evidence of insurability
    c. employee determines the beneficiary
    d. employer can not be the beneficiary
    b. can be converted only with evidence of insurability
  4. When an employee terminates membership in a group plan, the group life conversion privilege provides which of the following:
    a. convert to individual policy with evidence of insurability
    b. convert to individual policy without evidence of insurability
    c. convert to individual policy if the employee is over the age of 50
    d. conversion is not an option on group insurance
    b. convert to individual policy without evidence of insurability
  5. When group insurance is written on a contributory basis, the minimum participation requirement is:
    a. 66%
    b. 70%
    c. 75%
    d. 100%
    c. 75%
  6. Which of the following is correct about the group life conversion privilege?
    a. must be made available for 31 days
    b. individual policy written would normally be less expensive
    c. dependent 23 years of age, and a full time student, is not eligible to be covered under the group plan
    d. if the eligible dependent dies within 31 days of the conversion, the death benefit is denied
    a. must be made available for 31 days
  7. What is the group member called?
    a. insurer
    b. insured
    c. employer
    d. sponsor
    b. insured
  8. Who receives the certificate in group insurance?
    a. member
    b. member and family member
    c. sponsor
    d. employer
    a. member

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