Which of the Following Statements About Group Insurance Underwriting Principles

question 18

Multiple Choice

Which of the following statements about group insurance underwriting principles is true?

• A)Employees should be required to remit premiums directly to the insurance company.
• B)The average age of the group should ideally increase over time.
• C)A group should be formed for the specific purpose of obtaining insurance.
• D)The employer should ideally share in the cost of a group insurance plan.

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Definitions:

Microwave Ovens

Appliances that use microwave radiation to cook or heat food, offering a quick and convenient method of food preparation.

General Equilibrium

A condition in an economy where supply and demand are in balance across all markets simultaneously.

Consumer Preferences

The subjective tastes and desires that dictate the choices made by consumers regarding goods and services they wish to purchase.

Equilibrium Prices

The price at which the quantity of goods supplied is equal to the quantity of goods demanded in the market.