本文详细阐述了master group insurance contract的组成，包括合同主体、类型、权利义务、证书及资格规定等关键要素。
a master group insurance contract
The parties to a master group insurance contract are the insurance company and the group
policyholder,
which is the entity that decide what types of group insurance coverage to purchase for the group members,
negotiates the terms of the group insurance contract with the insurer, and purchases the group insurance
coverage.
USA: Group insred
Canada: Group life insured
noncontributory plan: if insured group member are not required to pay any part of the group insurance
contributory plan: otherwise
| Mutually agree to the contract's terms | ||
| Both have contractual capacity | ||
| Exchange legally adequate consideration | ||
| Form the contract for a lawful purpose | insurance interest | not required |
Certificates of Insurance: 1)the coverage that the group insurance contract provides 2)the group
insured's rights under the contract. ==>> certificate holder
the benefit booklet ==>> group insurance certificate.
Eligibility Provisions
activity-at-work provision
probationary period ==>> reduce a plan's administrative costs
eligibility period (enrollment period) open enrollment period
coverage both for eligible group members and the dependents of covered group members.
insured group members
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