In regards to group insurance, which of the following statements below is correct?
-A master contract is issued by the insurer to the employees, while the employer is given a certificate of insurance
-Although group insurance provides individuals with plans that contain higher amounts of benefits, premiums are higher with group than with individual insurance
-Group insurance is often associated with very strict eligibility requirements
-A master contract is issued by the insurer to the employer, while employees are given certificates of insurance