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Section 6.1 Quiz

1
Section 6.1 Review

The basic principle of group insurance is to provide insurance coverage for a number of people under one contract known as the single master contract or master policy.

a)
b)
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2

New employees typically must go through a _______________ before becoming eligible for coverage.

a)
b)
c)
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3

_______________ is a method of establishing a premium for the group based on the group's previous claims experience.

a)
b)
c)
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4

plans are those in which the employee contributes a portion of the premium and the employer pays the rest. plans are those in which the employer pays the entire premium and employee supplies no portion of the premium costs.


Word bank: Contributory, Noncontributory

Contributory plans are those in which the employee contributes a portion of the premium and the employer pays the rest. Noncontributory plans are those in which the employer pays the entire premium and employee supplies no portion of the premium costs.

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5

Florida law requires _______% participation by eligible employees in noncontributory group life insurance plans.

a)
b)
c)
d)
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6

According to Florida law, there is no requirement for minimal participation in contributory group life insurance plans.

a)
b)
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