Chartered Retirement Planning Counselor (CRPC) Practice Exam 2025 - Free CRPC Practice Questions and Study Guide

The assertion that proof of insurability is required is not true regarding group medical coverage under COBRA regulations. COBRA, which stands for the Consolidated Omnibus Budget Reconciliation Act, allows employees and their dependents to continue their group health insurance coverage for a limited time after certain qualifying events, such as job loss or reduction in hours.

Under COBRA, once eligible individuals choose to continue their coverage, they do not need to provide proof of insurability to qualify. This means they can maintain the same health coverage they had while employed without undergoing any additional health evaluations or underwriting processes.

The other statements accurately reflect the COBRA regulations. Coverage continuation is indeed guaranteed for those who elect it, employees can maintain this coverage for a limited time (typically up to 18 months, with possible extensions in some cases), and employers are mandated to provide written notification of COBRA rights to employees upon the occurrence of a qualifying event.