Question 10002 of 303 · California Life-Only Agent Exam
A contributory group plan is one in which
Exactly one answer is correct.
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Correct answer to question 10002
- A: employees pay part of the premium
Explanation
Contributory plans usually require 75 percent participation of eligible employees while noncontributory plans require 100 percent.
More questions: Group Life Insurance Plans
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- 10010Which of the following can be insured under group life with the employee's coverage?