Group Life & AnnuitiesQuestion 102 of 716
Under a group life insurance plan sponsored by an employer, who holds the master contract and who receives a certificate of insurance?
a.The employer holds the master contract; each covered employee receives a certificate of insurance
b.The insurer holds the master contract, and the employer receives a certificate of insurance for its files
c.Each covered employee holds a master contract, and the employer receives the certificate of insurance
d.Both the employer and every employee hold signed copies of the master contract itself
Explanation
In group life insurance the sponsoring employer (or association) is the policyowner and holds the single master contract. Each insured employee receives only a certificate of insurance summarizing coverage, beneficiary, and conversion rights.
Law Reference: Cal. Ins. Code §10202This topic, taught in full in the California Life & Health Insurance Producer Exam guide. California Life & Health Insurance Producer Exam — Complete Study Guide (2026) — PDF + EPUB, $19.99 · 14-day refund →
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PrepPass team · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)