Question

What is a crucial requirement regarding the formation of the group for group insurance?

a.

The group must be formed solely for insurance purposes

b.

The group must have multiple administrative bodies

c.

The group must primarily focus on obtaining insurance

d.

The group must have a central administrative machinery

Answer: (d).The group must have a central administrative machinery Explanation:The group must have a single central administrative machinery to act on behalf of all members for group insurance.

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Q. What is a crucial requirement regarding the formation of the group for group insurance?

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