GBA 3 Exam Guide: Business Architecture Certification Practice Test & Tips

age 1 of 52




GBA 3 EXAM STUDY GUIDE 2025/2026 COMPLETE

QUESTIONS AND CORRECT DETAILED ANSWERS WITH

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accumulation-oriented benefits, EXCEPT: .....Answer.....example of

an accumulation-oriented benefit is weekly indemnity/short-term

disability (WI/STD)


Heinrich is responsible for administering his company's self-

administered group insurance plan. He is required to maintain

records containing all the following information, EXCEPT:

.....Answer.....(Privacy legislation prevents plan sponsors from

receiving plan member claim information.)

,age 2 of 52




Generally, insurers that are parties to group insurance contracts

have all the following rights, EXCEPT: .....Answer.....(Policyholder

permission is required to change the agent of record)


All the following statements correctly describe performance

standards agreements (PSAs) in the context of group benefits

plan administration, EXCEPT: .....Answer.....(More commonly

executed between the insurer and the plan sponsor. Less

common between an insurer and a third-party administrator

(TPA).)


When a group benefits plan is marketed, insurers consider all

the following factors in deciding whether or not to quote on a

request for proposal (RFP), EXCEPT: .....Answer.....(Insurer would

consider the competitiveness of current premium rate levels, not

whether it can provide lower premium rates than all its

competitors.)

,age 3 of 52




All the following statements correctly describe the properties of

probability, EXCEPT: .....Answer.....The denominator represents

the number of outcomes that satisfy the condition.


(it's the numerator)


All the following statements correctly describe CDAnet, EXCEPT:

.....Answer.....(predeterminations that require x-rays or study

models cannot be sent via CDAnet)


All the following statements correctly describe examples of a

physical hazard, EXCEPT: .....Answer.....(Grayson smokes about

five cigarettes a day and plans to quit this month; when he

renewed his insurance policy last week he indicated he is a

nonsmoker = moral hazard)

, age 4 of 52




All the following statements correctly describe the role of

actuaries, EXCEPT: .....Answer.....(Compliance with tax legislation

is part of an actuaries role, but not their main function)


All the following claims charges are included in an experience

analysis for long-term disability (LTD) benefits, EXCEPT:

.....Answer.....(A cost trend factor is used for health care and

dental, but not for long-term disability (LTD))


Which of the following statements correctly describes minimum

requirements that group benefit plans typically must meet in

order to be prospectively rated on contract renewal?

.....Answer.....The more unpredictable the event that will trigger a

claim, the larger the minimum group size and premium

requirements