Which of the following statements about group insurance is true?
A) Individual contracts are issued to each person covered under a group insurance plan.
B) The cost of group insurance is usually higher on a per-person basis than the cost of individual insurance.
C) The actual experience of a large group is a factor in determining the premium that is charged.
D) Individual evidence of insurability is usually required.
Answer: C
You might also like to view...
Mark Carroll believes in having the members of his team involved in the decision-making process as much as possible. He has brought a recent college graduate onto his team. After observing this new team member for several months, he has seen that he is very knowledgeable and skilled in his area. However, Mark has also observed that this recent graduate is still unsure of his own skills. According to path-goal, the best style to use with this new team member would be ______.
a. directive b. supportive c. participative d. achievement-oriented
Most firms begin the strategic planning process by developing detailed marketing and departmental plans that support a company-wide plan
Indicate whether the statement is true or false
Special events are public relations activities for which companies provide financial support to help fund an event in return for publicized recognition of the company's contribution
Indicate whether the statement is true or false
The _______________________ is a division in the organization that is at the same level as the domestic division and is responsible for all non-home country activities.
What will be an ideal response?