CEBS - GBA 1 - Module 2
Agent of record - ANS-An man or woman/felony entity legal to symbolize an insured birthday
celebration in the purchase, servicing, and renovation of insurance coverage with a certainly
unique insurer
Association plan - ANS-Plans presented to employers within the equal enterprise or type of
commercial enterprise or to individuals inside the same career
Benefit plan management - ANS-The sports of plan design, plan management, and plan
investment
Creditor plan - ANS-Plans available to people to insure their high-quality debt (eg
mortgages, strains of credit score)
Employee gain plan as defined below the Income Tax Act (ITA) - ANS-Any arrangement
beneath which an corporation contributes to another character and under which payments
are made to or for the gain of personnel or former employees
Employee's profits - ANS-Renumeration paid to an employee over a tax year as cash or an
equivalent bobbing up from employment, subject to sure deductions, exemptions, and tax
credit
Employer's earnings - ANS-The internet profits that results from a commercial enterprise
challenge to deductions for the cost of doing commercial enterprise together with advantage
costs
Funding preparations - ANS-Determination of who assumes the monetary liability of paying
claims and prices and whether or not to insure or self-insure benefits
Funding sources - ANS-The sum of money to be had to the plan to provide blessings to plot
contributors and cowl the expenses of administering the plan
Insurance solvency - ANS-A regulatory requirement for financial soundness
Insurer's marketplace conduct - ANS-Regulatory necessities addressing incorporation,
governance, and funding management
Legal contracts - ANS-A file which shows the rights and duties of all parties
MEP participation agreement - ANS-The report used in a MEP association for employers no
longer certain with the aid of the collective settlement/while the collective agreement does no
longer specify precise contributions to the trust fund
Agent of record - ANS-An man or woman/felony entity legal to symbolize an insured birthday
celebration in the purchase, servicing, and renovation of insurance coverage with a certainly
unique insurer
Association plan - ANS-Plans presented to employers within the equal enterprise or type of
commercial enterprise or to individuals inside the same career
Benefit plan management - ANS-The sports of plan design, plan management, and plan
investment
Creditor plan - ANS-Plans available to people to insure their high-quality debt (eg
mortgages, strains of credit score)
Employee gain plan as defined below the Income Tax Act (ITA) - ANS-Any arrangement
beneath which an corporation contributes to another character and under which payments
are made to or for the gain of personnel or former employees
Employee's profits - ANS-Renumeration paid to an employee over a tax year as cash or an
equivalent bobbing up from employment, subject to sure deductions, exemptions, and tax
credit
Employer's earnings - ANS-The internet profits that results from a commercial enterprise
challenge to deductions for the cost of doing commercial enterprise together with advantage
costs
Funding preparations - ANS-Determination of who assumes the monetary liability of paying
claims and prices and whether or not to insure or self-insure benefits
Funding sources - ANS-The sum of money to be had to the plan to provide blessings to plot
contributors and cowl the expenses of administering the plan
Insurance solvency - ANS-A regulatory requirement for financial soundness
Insurer's marketplace conduct - ANS-Regulatory necessities addressing incorporation,
governance, and funding management
Legal contracts - ANS-A file which shows the rights and duties of all parties
MEP participation agreement - ANS-The report used in a MEP association for employers no
longer certain with the aid of the collective settlement/while the collective agreement does no
longer specify precise contributions to the trust fund
