Final answer:
The incorrect statement about blanket accident and sickness insurance policies is option B. Blanket policies are issued to groups and do not require individual certificates or applications, but they cannot be issued on an individual basis.
Step-by-step explanation:
The student has inquired about which statement regarding blanket accident and sickness insurance policies is incorrect. In addressing such policies, it's essential to understand the standard practices of the insurance industry. To respond:
A) The insurer does not need to furnish each person with a certificate. This is correct; in a blanket policy, the insurer usually provides a master policy to the policyholder, such as an employer or organization, rather than individual certificates.
B) They can be issued on a group basis or an individual basis. This is incorrect; blanket accident and sickness policies are not issued on an individual basis but rather to a group or collective entity.
C) They are issued to groups such as common carriers and educational institutions. This statement is correct; such policies are indeed issued to groups that have variable membership, including carriers and institutions.
D) Individual applications are not required. This is also correct since blanket policies cover all eligible persons without the need for individual applications.
The incorrect statement among the options provided is option B, as blanket policies are indeed issued on a group basis but not commonly on an individual basis.