Which of the Following Statements About Group Insurance Underwriting Principles

question 46

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)A flow of people through the group is desirable.

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Definitions:

Monitoring Performance

The continuous process of tracking and evaluating the effectiveness and outcomes of tasks, operations, or systems.

Henry Mintzberg

A renowned academic and author in the fields of business and management, known for his work on organizational structures, strategy, and management roles.

Managerial Roles

Specific categories of behavior that managers are expected to perform, including interpersonal, informational, and decisional roles.

Katz

Refers to Daniel Katz, an American social psychologist known for his work on organizational psychology, including studies on motivation, leadership, and attitude change.