Life, Health, and Accident Insurance Exam Louisiana Questions Solved Correctly.
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Course
LA Life, Health & Accident Insurance
Institution
LA Life, Health & Accident Insurance
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. Prov...
Life, Health, and Accident Insurance
Exam Louisiana Questions Solved
Correctly.
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 the applicant with the Outline of Coverage.
4. Ask where the applicant has another LTC policy in force. - Answer Warn the applicant about the 10-
day free-look period.
An insured has an Accidental Death & Dismemberment policy with a principal value of $50,000. He loses
sight in both eyes in a hunting accident. How much will he receive?
(Choose from the following options)
1. $25,000
2. $0
3. $50,000
4. $100,000 - Answer $50,000
The policy will usually pay the principal amount for the loss of both eyes, or two or more limbs.
At what age may an individual make withdrawals from an HSA for nonhealth purposes without being
penalized?
,(Choose from the following options)
1. 55
2. 59 1/2
3. 62
4. 65 - Answer 65
After age 65, a withdrawal from an HSA used for a nonhealth purposes will be without a penalty,
although taxed.
Which of the following is NOT true regarding uniform mandatory provisions concerning claims?
(Choose from the following options)
1. If the insured is 2 years late in filing a proof of loss, the claim can be denied.
2. An insured must notify the insurer of a claim on forms prescribed by the insurer.
3. If the insured is several days late in filing proof of loss form, the claim cannot be denied if the insured
can show good cause.
4. The insured is customarily required to give notice of claim within 20 days. - Answer An insured must
notify the insurer of a claim on forms prescribed by the insurer.
If forms are not furnished, written proof of the occurrence, nature of the loss, and extent of loss must be
submitted to the insurer.
The provision in a health insurance policy that ensures that the insurer cannot refer to any document
that is not contained in the contract is the
Entire contract is a mandatory provision that is required by law.
The amount of disability benefits that an insured receives often depends upon the insured's
(Choose from the following options)
1. Income at the time of the application.
2. Marital status at the time of the application.
3. Number of children at the time of the application.
4. Medical history at the time of the application. - Answer Income at the time of the application.
A producer has been notified by the Commissioner to stop using an unapproved trade name. How many
days does the producer have to change the trade name before facing a fine?
(Choose from the following options)
1. 30 days
2. The name must be changed immediately.
3. 5 business days
4. 10 days - Answer 10 days
A producer who continues to use a unapproved trade name for 10 or more days after being notified will
face a fine of up to $5,000.
, What was created to keep telemarketers from calling consumers who do not wish contacted?
(Choose from the following options)
1. Call Control Registry
2. National Do Not Call Registry
3. Confidential No Call Act
4. Freedom of Information Act - Answer National Do Not Call Registry
The National Do Not Call Registry was created to allow consumers the choice to not be contacted by
telemarketers
Regarding long-term care policies, which of the following would NOT be included in activities of daily
living?
(Choose from the following options)
1. Eating
2. Sleeping
3. Bathing
4. Dressing - Answer Sleeping
Normally to be eligible for benefits from a long-term care policy, the insured must be unable to perform
some of their activities of daily living (ADLs). ADLs include bathing, dressing, toileting, transferring (or
mobility), continence, and eating.
Which of the following is true regarding a single life settlement option?
(Choose from the following options)
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