CEBS - GBA 1 - Practice Exam
Exam Coverage
Exam coverage for the CEBS - GBA 1 Practice Exam includes
foundational employee benefits and group insurance concepts within
the Certified Employee Benefits Specialist (CEBS) curriculum. It
focuses on the employee benefits environment, including the
structure of group benefits, funding mechanisms, risk pooling,
insurance principles (such as indemnity and managed care), and
regulatory frameworks affecting benefits programs. The exam also
evaluates understanding of health insurance concepts, disability and
life coverage basics, retirement plan fundamentals, and the roles of
employers, insurers, and plan administrators.
,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 mortality data
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
,If the plan sponsor pays the premium, which of the following group
insured benefits is taxable to the plan member?
Long-term disability (LTD)
Which of the following statements correctly describes phases of a
group plan marketing?
Plan features of both contributory and noncontributory benefit plans
must be communicated to plan members during the enrollment
process
, Which of the following statements correctly describes a characteristic
of an insurable risk?
The loss must have financial significance to the insured (The loss must
not be catastrophic to the insurer. Option C: The loss must occur by
chance. Option D: The loss must be predictable for the insurer.)
With respect to marketing a group insurance plan, which of the
following statements best describes insurer representatives known as
account executives?
They are involved in enrolling group members and installing new
plans
Exam Coverage
Exam coverage for the CEBS - GBA 1 Practice Exam includes
foundational employee benefits and group insurance concepts within
the Certified Employee Benefits Specialist (CEBS) curriculum. It
focuses on the employee benefits environment, including the
structure of group benefits, funding mechanisms, risk pooling,
insurance principles (such as indemnity and managed care), and
regulatory frameworks affecting benefits programs. The exam also
evaluates understanding of health insurance concepts, disability and
life coverage basics, retirement plan fundamentals, and the roles of
employers, insurers, and plan administrators.
,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 mortality data
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
,If the plan sponsor pays the premium, which of the following group
insured benefits is taxable to the plan member?
Long-term disability (LTD)
Which of the following statements correctly describes phases of a
group plan marketing?
Plan features of both contributory and noncontributory benefit plans
must be communicated to plan members during the enrollment
process
, Which of the following statements correctly describes a characteristic
of an insurable risk?
The loss must have financial significance to the insured (The loss must
not be catastrophic to the insurer. Option C: The loss must occur by
chance. Option D: The loss must be predictable for the insurer.)
With respect to marketing a group insurance plan, which of the
following statements best describes insurer representatives known as
account executives?
They are involved in enrolling group members and installing new
plans
