Most small employers have trouble finding an insurance carrier willing to service their group if one or more individuals are in ill health.These firms have access to group insurance by participating in this trust.The trust makes available to small employers, often in the same industry group and with as few as one or two employees each, benefits similar to those available to large groups.They are often organized for a trade association, union, or other sponsoring organization by an insurer or third-party administrator.Identify this trust.
A)Multiple-insurance trust
B)Multiple-employer trust
C)Aggregate reinsurance trust
D)Contributory insurance trust
E)Distributive reinsurance trust

Question

Quizplus · Accepted Answer

The correct answer is Multiple-employer trust. This type of trust allows small employers, often within the same industry, to pool together to access group insurance benefits similar to those available to larger groups. It is designed to help small businesses that might struggle to find insurance due to the health status of one or more individuals.

Most Small Employers Have Trouble Finding an Insurance Carrier Willing