Final answer:
Group insurance and individual insurance differ in requirements, premiums, and coverage of pre-existing conditions.
Explanation:
Group insurance and individual insurance differ in several key aspects:
- Evidence of insurability is generally required for individual insurance but not for group insurance.
- Premiums are typically lower for group insurance due to risk pooling and economies of scale.
- Pre-existing conditions may not be covered in individual insurance plans, whereas group insurance often covers pre-existing conditions.
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