GBA 1 - Module 2 Correct Questions & Answers(GRADED A+)
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Course
GBA 1 - Module 2
Institution
GBA 1 - Module 2
Benefit plan management - ANSWERThe activities of
plan design,
plan
administration,
and plan
funding.
Insurance solvency - ANSWERA regulatory
requirement
for financial
soundness.
Single‐employer plan - ANSWERPlans with the
most prevalent
type of plan
sponsor
Insurer's market c...
GBA 1 - Module 2 Correct Questions &
Answers(GRADED A+)
Benefit plan management - ANSWERThe activities of
plan design,
plan
administration,
and plan
funding.
Insurance solvency - ANSWERA regulatory
requirement
for financial
soundness.
Single‐employer plan - ANSWERPlans with the
most prevalent
type of plan
sponsor
Insurer's market conduct - ANSWERRegulatory
requirements
addressing
incorporation,
governance and
investment
management.
Multi‐employer plan (MEP) - ANSWERPlans covering
, employees
working under the
terms of a
collective
agreement.
Legal contracts - ANSWERA document
which indicates
the rights and
obligations of all
parties.
Minimum Continuing Capital and Surplus
Requirements (MCCSR) - ANSWERA minimum amount of
capital an insurer is
required to hold in
case actual payouts
differ significantly from
expected payouts
due to events beyond
insurer's control.
Association plan - ANSWERPlans offered to
employers in the
same industry or
type of business or
to individuals in the
same profession.
Creditor Plan - ANSWERPlans available to
individuals to
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