Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One of your clients, Art, is the president of an alumni organization which represents 600 active members. The alumni has been shopping their existing group

One of your clients, Art, is the president of an alumni organization which represents 600 active members. The alumni has been shopping their existing group insurance plan ahead of the next renewal and you are providing them with competitor information in response to their request for information (RFI). Which of the following statements concerning coverage for the alumni organization is correct?
a) soliciting membership in the group plan will be the agent's responsibility
b) a pre-determined percentage of members must join in order to establish the group plan
c) plan members will be responsible for paying the insurance premiums
d) the benefits will not be similar to those offered by other group plans

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Clever Girl Finance Learn How Investing Works Grow Your Money

Authors: Bola Sokunbi

1st Edition

1119696739, 978-1119696735

More Books

Students also viewed these Finance questions