A contract as a basis for group membership is a typical characteristic of: group life insurance.
What is a contract?
A contract can be defined as a formally writen agreement between two or more parties such as a group of people, team, etc., which primarily gives rise to a mutual legal obligation that is enforceable by law.
In this context, a contract as a basis for group membership is a typical characteristic of group life insurance because there must be a collective agreement beween the parties involved.
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