Group Insurance Flashcards
1
Q
Retention (Refund) Accounting
A
If theres a surplus the insured shares in the surplus
2
Q
Group Suicide Clause
A
Group Insurance does not have a suicide exclusion period
3
Q
To Qualify for STD plan
A
Waiting period no longer than 14 days
Benefit Period of 15 weeks
Must qualify for STD benefits within 3 months of employment
4
Q
Pre-Existing Conditions - Group Plans
A
If a disability occurs within one year of the employee being covered under the plan, the claim will be denied if the insured received treatment for that ailment in the 90 days leading up to him or her becoming covered under the plan
