Louisiana Life and Health Insurance Bundled Exams with complete solution

Should 2 or more insurers issue a combined Standard Fire Policy insuring a single risk, in the event of a loss, the insured must notify - Answer-Any of the insurers providing coverage. The policy conditions define - Answer-How parties to the contract must act following a loss. Because an insuranc...

All of the following long-term care coverages would allow an insured to receive care at home EXCEPT a. Skilled Care b. Custodial care in insured's house c. Respite care d. Home health care - Answer-a. What is the purpose of a suicide provision within a life insurance policy? - Answer-To protec...

3 Degrees of Liability - Answer-1.)Full Liability - The insured party is 100% at fault for damages to a third party. 2.)Partial Liability - the insured party is only partially at fault or shares fault with a third party. 3.)No Liability - the insured party has 0% or no liability in the damage to ...

An agent is completing an application for a long-term care policy. The agent is required to do all of the following EXCEPT (Choose from the following options) 1. Warn the applicant about the 10-day free-look period. 2. Make sure the policy is appropriate for the applicant's needs. 3. Provide t...

Objectives: ◦ List requirements of obtaining and maintaining a Louisiana Insurance License ◦ Recognize Louisiana laws governing the business of insurance ◦ Name important Federal laws that apply to insurance producers and insurers ◦ Recognize statutory time limits and dollar amounts from...

To assure the public that only competent trustworthy individuals and other entities sell insurance and to protect and promote the public interest. - Answer-Licensing/Purose A contract under which one party undertakes to pay another against a loss of a specified contingency or peril. - Answer-Insu...

When are group disability benefits considered to be tax-free to the insured? - Answer-When the recipient pays the premiums An insurable interest in each other's lives may exist in absence of an economic interest when the individuals are - Answer-Marriage partners What is the elimination period ...