CEBS GBA 1 ACTUAL FINAL EXAM | COMPLETE
QUESTIONS WITH EXPERT SOLUTIONS| 2026
LATEST UPDATED| A+
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Terms in this set (98)
Which of the following statements The more unpredictable the event that will
correctly describes minimum trigger a claim, the larger the minimum group size
requirements that group benefit and premium requirements
plans typically must meet in order
to be prospectively rated on
contract renewal?
Which of the following statements It is a mathematical process that removes
correctly describes the term anomalies that should not appear in the mortality
graduation as it applies to mortality data
tables?
If the plan sponsor pays the Long-term disability (LTD)
premium, which of the following
group insured benefits is taxable to
the plan member?
,Which of the following statements Plan features of both contributory and
correctly describes phases of a noncontributory benefit plans must be
group plan marketing? communicated to plan members during the
enrollment process
Which of the following statements The loss must have financial significance to the
correctly describes a characteristic insured (The loss must not be catastrophic to the
of an insurable risk? insurer. Option C: The loss must occur by chance.
Option D: The loss must be predictable for the
insurer.)
With respect to marketing a group They are involved in enrolling group members
insurance plan, which of the and installing new plans
following statements best describes
insurer representatives known as
account executives?
Which of the following statements Future probabilities of loss are not valid unless a
correctly describes the statistical large number of incidents exist to ensure the
concept known as the law of large outcomes are less likely to deviate
numbers?
Which of the following statements For self-insured plans with an administrative
correctly describes an insured plan services only (ASO) arrangement, the insurer bills
that is insurer-administered? the plan sponsor monthly for administration fees
If the probability that an individual 0.855 (P (Survive both years) = (0.95) x (1 - 0.1) =
will live one year is 0.95 and the 0.95 x 0.90 = 0.855.)
probability of dying in the following
year is 0.10, what is the probability
that an individual will survive both
years?
, Which of the following statements An employee can enroll in the plan any time
correctly describes the group between his or her date of hire and the end of a
benefits enrollment process for waiting period
new employees?
A type of service offered under a Adjudicating and paying claims
third-party administrators (TPAs)
claims settlement only arrangement
is:
Unless otherwise specified in the The plan member retires (Unless otherwise
group insurance contract, a plan specified in the group insurance contract, the
member's status under a group order in which coverage terminates is effective
benefits plan terminates the earliest the earliest date the plan member retires, the
at which: plan member's service with the plan sponsor is
terminated, the plan member ceases active work,
and the plan member is no longer a member of
an eligible class and premium payments stop.)
Which of the following statements Unmarried children under a specified age and
correctly describes eligibility dependent on the plan member for support are
requirements under most group eligible for coverage
insurance plans?
Which of the following statements Once potential insurers are identified, each
correctly describes the negotiated company submits a brief report that highlights its
placement method of marketing a general strategy, philosophy and proposed
group benefits plan? group benefits plan
QUESTIONS WITH EXPERT SOLUTIONS| 2026
LATEST UPDATED| A+
Save
Terms in this set (98)
Which of the following statements The more unpredictable the event that will
correctly describes minimum trigger a claim, the larger the minimum group size
requirements that group benefit and premium requirements
plans typically must meet in order
to be prospectively rated on
contract renewal?
Which of the following statements It is a mathematical process that removes
correctly describes the term anomalies that should not appear in the mortality
graduation as it applies to mortality data
tables?
If the plan sponsor pays the Long-term disability (LTD)
premium, which of the following
group insured benefits is taxable to
the plan member?
,Which of the following statements Plan features of both contributory and
correctly describes phases of a noncontributory benefit plans must be
group plan marketing? communicated to plan members during the
enrollment process
Which of the following statements The loss must have financial significance to the
correctly describes a characteristic insured (The loss must not be catastrophic to the
of an insurable risk? insurer. Option C: The loss must occur by chance.
Option D: The loss must be predictable for the
insurer.)
With respect to marketing a group They are involved in enrolling group members
insurance plan, which of the and installing new plans
following statements best describes
insurer representatives known as
account executives?
Which of the following statements Future probabilities of loss are not valid unless a
correctly describes the statistical large number of incidents exist to ensure the
concept known as the law of large outcomes are less likely to deviate
numbers?
Which of the following statements For self-insured plans with an administrative
correctly describes an insured plan services only (ASO) arrangement, the insurer bills
that is insurer-administered? the plan sponsor monthly for administration fees
If the probability that an individual 0.855 (P (Survive both years) = (0.95) x (1 - 0.1) =
will live one year is 0.95 and the 0.95 x 0.90 = 0.855.)
probability of dying in the following
year is 0.10, what is the probability
that an individual will survive both
years?
, Which of the following statements An employee can enroll in the plan any time
correctly describes the group between his or her date of hire and the end of a
benefits enrollment process for waiting period
new employees?
A type of service offered under a Adjudicating and paying claims
third-party administrators (TPAs)
claims settlement only arrangement
is:
Unless otherwise specified in the The plan member retires (Unless otherwise
group insurance contract, a plan specified in the group insurance contract, the
member's status under a group order in which coverage terminates is effective
benefits plan terminates the earliest the earliest date the plan member retires, the
at which: plan member's service with the plan sponsor is
terminated, the plan member ceases active work,
and the plan member is no longer a member of
an eligible class and premium payments stop.)
Which of the following statements Unmarried children under a specified age and
correctly describes eligibility dependent on the plan member for support are
requirements under most group eligible for coverage
insurance plans?
Which of the following statements Once potential insurers are identified, each
correctly describes the negotiated company submits a brief report that highlights its
placement method of marketing a general strategy, philosophy and proposed
group benefits plan? group benefits plan
