Loma 281 - Module 4 Exam 2026
Questions and Answers
Group insurance - Answer -Life or health insurance coverage for a group of people
under one insurance contract
Master group insurance contract - Answer -An insurance contract that insures a
number of people
Group insured - Answer -Individual covered by a group policy but is not a party to
the group contract. The insured, rather than the policyholder, names the beneficiary
Group policyholder - Answer -The person or organization that decides what types
of group insurance coverage to purchase for a specific group, negotiates the terms
of the group insurance contract, and purchases the group insurance coverage
Certificate of insurance - Answer -A document that describes the coverage that the
group insurance contract provides and a group insured's rights under the contract
Noncontributory plan - Answer -A group insurance plan where only the group
policyholder pays the entire premium for the coverage. 100% of members must
participate in this plan
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, Contributory plan - Answer -A group insurance plan where insured group members
must pay part or all of the premium for their coverage. Typically, at least 75% of
members must participate in this plan
Self-administered plan - Answer -A group insurance plan for which the group
policyholder is responsible for handling the administrative and recordkeeping
aspects of the plan
Insurer-administered plan - Answer -A group insurance plan for which the insurer
is responsible for handling the administrative and recordkeeping aspects of the plan
Probationary period - Answer -The length of time—typically, from one to six
months—that a new group member of a noncontributory plan must wait before
becoming eligible to enroll in the group insurance plan
Eligibility period - Answer -A specified period of time, usually 31 days, during
which a new group member may enroll for group insurance coverage in a
contributory group insurance plan without evidence of insurability
Actively-at-work provision - Answer -A group insurance policy provision which
states that, in order to be eligible for coverage, an employee must be actively at
work—rather than ill or on leave—on the day the insurance coverage is to take
effect
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Questions and Answers
Group insurance - Answer -Life or health insurance coverage for a group of people
under one insurance contract
Master group insurance contract - Answer -An insurance contract that insures a
number of people
Group insured - Answer -Individual covered by a group policy but is not a party to
the group contract. The insured, rather than the policyholder, names the beneficiary
Group policyholder - Answer -The person or organization that decides what types
of group insurance coverage to purchase for a specific group, negotiates the terms
of the group insurance contract, and purchases the group insurance coverage
Certificate of insurance - Answer -A document that describes the coverage that the
group insurance contract provides and a group insured's rights under the contract
Noncontributory plan - Answer -A group insurance plan where only the group
policyholder pays the entire premium for the coverage. 100% of members must
participate in this plan
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Contributory plan - Answer -A group insurance plan where insured group members
must pay part or all of the premium for their coverage. Typically, at least 75% of
members must participate in this plan
Self-administered plan - Answer -A group insurance plan for which the group
policyholder is responsible for handling the administrative and recordkeeping
aspects of the plan
Insurer-administered plan - Answer -A group insurance plan for which the insurer
is responsible for handling the administrative and recordkeeping aspects of the plan
Probationary period - Answer -The length of time—typically, from one to six
months—that a new group member of a noncontributory plan must wait before
becoming eligible to enroll in the group insurance plan
Eligibility period - Answer -A specified period of time, usually 31 days, during
which a new group member may enroll for group insurance coverage in a
contributory group insurance plan without evidence of insurability
Actively-at-work provision - Answer -A group insurance policy provision which
states that, in order to be eligible for coverage, an employee must be actively at
work—rather than ill or on leave—on the day the insurance coverage is to take
effect
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
