Which of the following is NOT an eligibility requirement for an association group?

Study for the Florida Laws and Rules Pertinent to Insurance Test. Use multiple choice questions with hints and explanations to boost your understanding. Gain confidence for your exam!

In the context of association groups, the eligibility requirements typically involve specific conditions that define how the group is structured and who can participate. While the correct answer indicates that having a minimum of 10 adults is not an eligibility requirement, it's important to understand the specifics of group insurance plans.

Eligibility requirements for association groups often center around the idea of membership and collective risk. In many cases, contributory plans, which require members to contribute to the premium, indeed have a larger participant requirement, typically involving at least 25 members or sometimes even higher, depending on the carrier and the specific insurance product.

The stipulation that members must be from the same profession is accurate in the context of many association groups. This requirement ensures that there is a common bond or interest among the participants, which allows for the pooling of risk and makes underwriting more manageable for insurance providers.

By contrast, the reference to a minimum number of adults being a condition for eligibility (as mentioned in the correct answer) does not align with the standard criteria for these types of insurance groups. Thus, while many groups may have a minimum number of participants, the specific threshold of 10 adults is not universally mandated as a requirement in the formation of association group plans.

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