Cebs gba 2 life insurance - Study guides, Class notes & Summaries

CEBS - GBA 1 Exam Questions and Answers Latest 2024 (Verified Solution). 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 mathema...

GBA 2 CEBS Practice Exam Questions with complete answer 2023/2024According to the RAND Health Insurance Experiment, which variable has the greatest power in explaining health expenditures? A.) Welfare eligibility B.) Prior utilization C.) Physical health (based on self-reported measures) D.) General health (based on self-reported measures) E.) Mental health (based on self-reported measures) - correct answer B.) Prior utilization A provision in some group life insurance plans...

CEBS GBA 2: Life Insurance Exam Questions and Answers A+ Graded

31 day continuation of protection - ANSWERextra days of protection while looking at the conversion privilege or waiting for coverage to start about how many group life policies are in force? - ANSWER46% of all life policies in force. value at $8.7 trillion accelerated benefits - ANSWERplans will pay for all or part of the dealth benefit if a patient can prove that he or she has a terminal illness ADEA- age discrimination in employment act of 1967 and ammendments - ANSWERremoved the age ...

31 day continuation of protection - ANSWERextra days of protection while looking at the conversion privilege or waiting for coverage to start about how many group life policies are in force? - ANSWER46% of all life policies in force. value at $8.7 trillion accelerated benefits - ANSWERplans will pay for all or part of the dealth benefit if a patient can prove that he or she has a terminal illness ADEA- age discrimination in employment act of 1967 and ammendments - ANSWERremoved the age ...

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...

CEBS GBA 1 - Directing Benefits Programs Exam With Complete Solutions Broad view of Employee Benefits - answerThis view sees employee benefits as virtually any form of compensation other than direct wages. Components of the Broad view of Employee Benefits - answer1. 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 vacation...

CEBS GBA 1 - Directing Benefits Programs Exam With Complete Solutions Broad view of Employee Benefits - answerThis view sees employee benefits as virtually any form of compensation other than direct wages. Components of the Broad view of Employee Benefits - answer1. 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 vacation...

CEBS GBA 2 Practice Exam Questions with Correct Answers According to the RAND Health Insurance Experiment, which variable has the greatest power in explaining health expenditures? A.) Welfare eligibility B.) Prior utilization C.) Physical health (based on self-reported measures) D.) General health (based on self-reported measures) E.) Mental health (based on self-reported measures) - ANSWER-B.) Prior utilization A provision in some group life insurance plans that provides for the paymen...

CEBS GBA Exam 1 Questions with Correct Answers Broad view of Employee Benefits (Mod 1.1) - Answer-Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) Narrow view of Employee Benefits (Mod 1.1) - Answer-Any type of plan sponsored or initiated by Employees and Employers and engaged in providing be...