Question

What happens when the claims experience for group policies is around 70 percent at the time of renewal?

a.

A significant premium discount is applied

b.

The normal rates will apply for renewal

c.

An additional premium is charged

d.

A policy cancellation is initiated

Posted under IC38 Life Insurance Agent Exam

Answer: (b).The normal rates will apply for renewal Explanation:When the claims experience for group policies is around 70 percent at the time of renewal, the normal rates will apply for renewal.

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Q. What happens when the claims experience for group policies is around 70 percent at the time of renewal?
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