
Stoploss 101
Quiz
•
Other
•
Professional Development
•
Practice Problem
•
Hard
Laney Gautreau
FREE Resource
Enhance your content in a minute
24 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Group A enters into a 12/24 contract on 1/1/2022. What is the latest incurred date that is covered by the contract?
12/31/2021
12/31/2022
12/31/2023
12/31/2024
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Company B enters into a 12/24 contract on 1/1/2022. What is the latest paid date covered by the contract?
12/31/2021
12/31/2022
12/31/2023
12/31/2024
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Co. C has a $100k ISL.
2 employees have claims of $150K and $200K.
How much is Co. C reimbursed?
$100,000
$150,000
$200,000
$250,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Group D has a $500 PEPM agg factor, 100 employees and a 25% corridor. What is their max annual attachment point?
$750,000
$62,500
$150,000
$600,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Group E has a $500 PEPM agg factor, 100 employees, and a 25% corridor. What are their expected annual claims?
$600,000
$750,000
$480,000
$150,000
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stranger Co. enters into a 12/18 contract on 7/1/2022. What is a potential reason for wanting this contract?
To cover runout claims incurred 6 months prior to the contract's start
To cover runout claims paid within 6 months after the contract's end
To cover runout claims incurred 6 months after the contract's end
To cover runout claims paid 6 months before the contract's start
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Co. A has $100k ISL and $50k Aggregating spec.
Two members have claims of $120k and $140k.
How much is Co. A reimbursed?
$60,000
$10,000
$200,000
$260,000
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