Question

What document defines the terms and conditions of a group insurance contract?

a.

Individual policy documents

b.

Master Policy

c.

Insurance proposal form

d.

Underwriting guidelines

Answer: (b).Master Policy Explanation:A Master Policy is issued in group insurance, which incorporates the contract between the insurance company and a legal entity defining the group of lives to be covered, benefits, contributions, and terms and conditions.

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Q. What document defines the terms and conditions of a group insurance contract?

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