An insurance contract made with a business entity that covers its employees under a single policy is called a/an:
A) group contract.
B) business contract.
C) equilateral contract.
D) managed care contract.

Question

Quizplus · Accepted Answer

A group contract is an insurance policy that provides coverage to a group of people, typically employees of a business entity, under a single policy. The policyholder is the employer, while the insured are the employees. This type of policy is often more cost-effective and easier to manage compared to individual policies for each employee. Therefore, the correct answer is A) group contract.

An Insurance Contract Made with a Business Entity That Covers