Question

An alumni association for a local university was started 12 months ago and has 150 members. Assuming the association has by-laws and a constitution and plans to meet annually, when can it buy group insurance for its members?

Answer 1

Answer:

in order for the association to be able to purchase group insurance it must be active for at least two years.

Explanation:

Besides the two year period, the association must also have more than 100 active members (this one has 125), have by-laws (they have them), meet at least once a year (they plan to do so), and have a legal constitution (they have it). If everything goes as planned, this association should be able to purchase group insurance in one year.