B is correct. Simplified issue life insurance is a form of coverage that does not require a medical exam and asks only basic medical questions on the application.
C is correct. Consent forms, release forms, and confidentiality of results are required. There is no requirement for medical oversight by a research specialist.
B is correct. MIB reports do not include any information about the action taken by insurers.
A is correct. The producer is the person who has direct contact with an applicant, and it is the producer’s duty to explain any adverse underwriting decision.
A is correct. This person probably falls into the standard risk category.
C is correct. Mortality or morbidity, interest rates, and expenses all influence insurance premiums. A producer’s status has no effect on insurance rates.
B is correct. Reserves are the funds insurers put aside to cover claims and other contingencies
C is correct. When one or more labor unions or associations form a trust it is known as a Taft-Hartley trust.
B is correct. A multiple employer trust (MET) exists when individual employers join together to provide group insurance to their employees.
A is correct. An individual employer offering group insurance to its workers is an example of an employee group.
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