In an employer-sponsored group accident and health plan, the master contract is issued to whom?

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Study for the Louisiana Series 103 – Life, Health, and Accident or Sickness Insurance Exam. Familiarize yourself with key concepts through engaging questions and explanations. Prepare effectively for your exam!

Multiple Choice

In an employer-sponsored group accident and health plan, the master contract is issued to whom?

Explanation:
In a group plan, the insurer issues a master policy that covers the whole group, and that master contract is issued to the sponsor of the plan—the employer. The employer is the policyholder and typically pays the premiums, while individual employees receive certificates of coverage under that master policy. The plan administrator may handle day-to-day administration, but the contract itself belongs to the employer.

In a group plan, the insurer issues a master policy that covers the whole group, and that master contract is issued to the sponsor of the plan—the employer. The employer is the policyholder and typically pays the premiums, while individual employees receive certificates of coverage under that master policy. The plan administrator may handle day-to-day administration, but the contract itself belongs to the employer.

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