AMF Group Insurance case studies
AMF Group Insurance · Put your knowledge to work in context.
The AMF Group Insurance Certification Exam (also called the Group Insurance of Persons Certification Exam, or Examen d'assurance collective de personnes) is the Quebec certification examination administered by the Autorité des marchés financiers for candidates seeking to become licensed to practise group insurance of persons. Group insurance of persons covers group life, disability, health, and related benefit plans offered through employers, associations, and other plan sponsors, so the credential is aimed at people who advise plan sponsors and members, explain coverage, and handle enrolment and claims matters within the regulatory framework that governs distribution in Quebec. The AMF Group Insurance case studies are 5 cases and about 2,302 words.
1Late Entrant and the Evidence-of-Insurability Deadline
A 240-employee manufacturer installs a new group term life plan effective January 1. The certificate states that employees who enroll within 31 days of their eligibility date receive up to 150,000 of coverage without evidence of insurability (EOI); amounts above 150,000 and all enrollments after the 31-day window require EOI.
491 words, about 2 min2Disability Benefit Offset and the Definition of Earnings
A long-term disability plan pays 60% of predisability monthly earnings, reduced by "other income benefits," including Social Security disability benefits and workers' compensation. "Earnings" is defined as base salary plus regularly scheduled commissions and bonuses, but excludes overtime and expense reimbursements.
443 words, about 2 min3Coordination of Benefits for a Dependent Child
Two covered parents, Dana and Luis, are divorced. Their 9-year-old daughter Maya is covered as a dependent under both parents' group health plans.
437 words, about 2 min4Small-Group Renewal and Rate Compression
A broker submits a renewal for a 38-employee group health plan. The carrier's filed small-group rates are community-rated within a single rate band, but the carrier's underwriting file shows the group's claims experience ran 145% of manual for the past two years.
434 words, about 2 min5COBRA Election After a Reduction in Hours
Elena works for a 120-employee professional services firm and is covered under its group health plan. In March her hours are cut from 40 to 22 per week, which the plan treats as a qualifying event (reduction in hours).
497 words, about 2 min