One requirement of group insurance is that the group be formed for the purpose of purchasing coverage.

Name: One requirement of group insurance is that the group be formed for the purpose of purchasing coverage.
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Quizplus · Accepted Answer

Group insurance does not require that the group be formed for the purpose of purchasing coverage; rather, it typically requires that the group exists for some purpose other than buying insurance, such as employment, membership in an association, or a similar collective relationship.

One Requirement of Group Insurance Is That the Group Be