The premiums insurance companies charge to members of a group insurance plan are tied to the...

The premiums insurance companies charge to members of a group insurance plan are tied to the historical losses experienced by the members of the plan.

Select one:

a. true

b. false

Expert Solution

Group insurance plans are the premiums paid by the employers and employees in combination. In simple term a group of people insured under one contract.The unit cost is also less for them when compared to individual plan.When there is losses the company takes the claim and pays for them.

Ans.a. True

Nightingale answered 2 years ago

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