According to ERISA, a Carrier Must Provide a Decision on an Appeal

question 2

Multiple Choice

According to ERISA, a carrier must provide a decision on an appeal within:

• A) 60 days.
• B) 90 days.
• C) 120 days.
• D) 180 days.

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Definitions:

Equity Securities

Financial instruments that represent ownership in a company, such as stocks, granting holders a claim on the company's assets and earnings.

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, bank deposits, and other investments.

Derivative Securities

Financial instruments whose value is derived from the value of an underlying asset, such as futures, options, and swaps.

Consumer Durables

Goods that are not consumed with their use and can be used over a longer period, such as appliances, vehicles, and electronics.