Joe wants to confirm that his group disability insurance policy complies with state regulations. What must Joe verify to ensure his group disability policy is validly issued in the state?
A. That it includes hospital and surgical benefits
B. That it is non-contributory
C. That a copy of the form is filed with and approved by the Insurance Commissioner
D. That it allows conversion to individual policies
Answer (2)
To confirm the validity of his group disability insurance policy, Joe must verify that the policy has been filed with and approved by the Insurance Commissioner. This step is essential for compliance with state regulations. Features like hospital benefits and conversion options, while relevant, do not ensure legality without formal approval. ;
Joe must verify that a copy of the group disability insurance policy is filed with and approved by the Insurance Commissioner to ensure compliance with state regulations. This approval is essential for the policy's validity. Other features, while important, do not establish legal compliance without this confirmation.
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