Question: lo When members join an insured group plan, they do not have any contractual connection with the insurer. Their entitlement to the master contract is

lo When members join an insured group plan, they do not have any contractual connection with the insurer. Their entitlement to the master contract is limited in most provinces and territories. Instead, the insurer gives the employer (sponsor) certificates, in paper or electronic form. Of the particulars listed below, which ones need to be included in the certificate issued to each group life insured: 1. The name of the insurer and an identification of the contract. 2. The amount, or the method of determining the amount, of insurance on the group life insured 3. The amount, or the method of determining the amount on any person whose life is insured under the contract as a person dependent upon, or related to, him or her. 4. The circumstances in which the insurance terminates and the rights, if any, upon such termination of the group life insured 5. Notification that the dependent of any person whose life is insured under the contract does not have any rights upon termination of the group contract. The correct particulars are: Select one: a. 1, 2, 3 & 4 b. 1, 3, 4 & 5 c. They are all correct. correct. d. 1, 2, 4 & 5
 lo When members join an insured group plan, they do not

When members join an insured group plan, they do not have any contractual connection with the insurer. Their entitlement to the master contract is limited in most provinces and territories. Instead, the insurer gives the employer (sponsor) certificates, in paper or electronic form. Of the particulars listed below, which ones need to be included in the certificate issued to each group life insured: 1. The name of the insurer and an identification of the contract. 2. The amount, or the method of determining the amount, of insurance on the group life insured 3. The amount, or the method of determining the amount on any person whose life is insured under the contract as a person dependent upon, or related to, him or her. 4. The circumstances in which the insurance terminates and the rights, if any, upon such termination of the group life insured 5. Notification that the dependent of any person whose life is insured under the contract does not have any rights upon termination of the group contract. The correct particulars are: Select one: a. 1,2,3&4 b. 1,3,4&5 c. They are all correct. d. 1,2,4&5

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