This type of group insurance plan is an arrangement made for employers with relatively small workforces.A single master trust holds each employer's contributions,and premiums are paid from the trust.(Exhibit 5.1,Types of Group Plans)

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The type of group insurance plan described is a Multiple Employer Trust, as it is an arrangement for employers with small workforces where each employer's contributions are held in a single master trust and premiums are paid from the trust. Voluntary employee beneficiary associations, multiemployer plans, and pooled coverage are not accurate descriptions of this type of group plan.

This Type of Group Insurance Plan Is an Arrangement Made