Arkansas Life and Health Insurance Practice Exam 2025 - Free Life and Health Insurance Practice Questions and Study Guide

Question: 1 / 400

When it comes to small group health insurance, what is a class defined as?

All employees of large companies

In small group health insurance, a class is defined as all employees of large companies. This is because in the small group market, a class is typically made up of employees of small employers, rather than employees of large companies. Classes are used to categorize individuals within a group to assess risk and determine insurance premiums.

Options B, C, and D are incorrect:

- Option B is wrong because a class in small group health insurance is not a type of individual health plan.

- Option C is incorrect because a class does not refer to a distinct grouping of small employers as shown on an insurer's records.

- Option D is inaccurate as a class is not any group policy with fewer than 50 participants.

Get further explanation with Examzify DeepDiveBeta

A type of individual health plan

A distinct grouping of small employers as shown on an insurer's records

Any group policy with fewer than 50 participants

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