Gba 1 practice exam Study guides, Class notes & Summaries

CEBS - GBA 1 - Practice Exam Questions with verified Answers 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? Which of the following statements correctly describes the term graduation as it applies to mortality tables? If the plan sponsor pays the premium, which of the following group insured benefits is taxable to the plan member? Which of the following statements ...

CEBS - GBA 1 - Practice Exam Questions And Answers.

CEBS - GBA Practice Exam 1 Questions and Answers 1. Which of the following statements correctly describes minimum require- ments that group benefit plans typically must meet in order to be prospec- tively 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 mathematica...

CEBS GBA 1 Practice Exam Questions (2022) A prescription drug rebate occurs when: - ANSWER-There is an agreement between a pharmacy benefit manager and a drug manufacturer. The concept designed to make victims of losses whole again reflect the principle of: - ANSWER-Indemnification The design of any employee benefit plan should start with deciding: - ANSWER-What are the overall objectives of the plan. A peril as the term applies to the insurance mechanism is defined as: - ANSWER-Th...

A prescription drug rebate occurs when: - correct answer There is an agreement between a pharmacy benefit manager and a drug manufacturer. The concept designed to make victims of losses whole again reflect the principle of: - correct answer Indemnification The design of any employee benefit plan should start with deciding: - correct answer What are the overall objectives of the plan. A peril as the term applies to the insurance mechanism is defined as: - correct answer The cause...

CEBS GBA 1 Practice Exam Questions and Answers 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? - Answer-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? - Answer-It is a mathematical proc...

CEBS - GBA 1 Practice Exam Questions and Answers Latest 2023/2024 (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 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a ma...

CEBS GBA 1 Practice Exam (98 Questions) With 100% Verified Answers

CEBS - GBA 1 Practice Exam Questions and Answers Latest 2023/2024 (100% 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 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is...