Question
a.
The insurer deals directly with each individual member, offering personalized terms.
b.
The contract is between the insurer and the individual members, without any intermediary.
c.
The contract is between the insurer and the group policyholder; individual members are not parties to the contract.
d.
Individual members negotiate terms and conditions directly with the insurer.
Posted under IC 92 Actuarial Aspects of Product Development
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Q. How does an insured group contract define the relationship between the insurer, group policyholder, and individual members?
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