Question
Comparison of Group Insurance and Individual Insurance for the following question Individual Insurance Contract Group Insurance Contract Administration/contract Underwriting Eligibility Experience rating/pricing Which of the
Comparison of Group Insurance and Individual Insurance for the following question
| Individual Insurance Contract | Group Insurance Contract |
Administration/contract |
|
|
Underwriting |
|
|
Eligibility |
|
|
Experience rating/pricing |
|
|
Which of the following statements is true about an individual insurance contract?
Group of answer choices
A master contract is provided to the employer or a trust.
The pricing of the contract is based on the experience of the employee group.
The pricing of the contract is based on the experience of the insurance company.
The employee is issued a certificate of insurance.
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