Cebs gba 1 Study guides, Class notes & Summaries

CEBS - GBA 1 - Practice Exam Questions And Answers.

CEBS - GBA 1 - Practice Exam Questions with verified Answers Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? Which of the following statements correctly describes the term graduation as it applies to mortality tables? If the plan sponsor pays the premium, which of the following group insured benefits is taxable to the plan member? Which of the following statements ...

Broad view of Employee Benefits - Answer- This view sees employee benefits as virtually any form of compensation other than direct wages. Components of the Broad view of Employee Benefits - Answer- 1. Employer's share of legally required payments (Social Security and Medicare, unemployment insurance, and worker's compensation benefits) 2. Payments for time not worked (e.g. paid rest periods, paid sick leave, paid vacations, holidays, parental leave, etc). 3. Employer's share of medical ...

CEBS - GBA 1 & 2 LATEST 2023 Exam 200+ QUESTIONS AND CORRECT ANSWERS|COMPLETE EXAM(VERIFIED ANSWERS)

1.1 Distinguish between the broad view and the narrow view of employee benefits - ANSWER The broad view defines employee benefits as anything other than direct compensation, including both government-mandated benefits and private plans. (social security, pension plans etc.). The narrow view holds that employee benefits are any benefit sponsored unilaterally or jointly by employers and employees that is not subsidized by the government. 1.2 List the categories of benefits that generall...

CEBS GBA EXAM 1 TEST RATED 100% CORRECT

CEBS - GBA Practice Exam 1 Questions and Answers 1. Which of the following statements correctly describes minimum require- ments that group benefit plans typically must meet in order to be prospec- tively rated on contract renewal?: The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a mathematica...

CEBS GBA 1 Exam 2024 Questions & Answers | 100% Correct | Verified

Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? - The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? - It is a mathematical process that removes anomalies that should not appear in the mort...