Louisiana Life and Health Insurance Success Bundle 2024!

Select from the choices below the best description of a speculative risk? - Answer Involving the possibility of a gain in addition to the uncertainty of loss If there is a material change in an MEC contract, what is the first thing needing to be done? - Answer Another 7 pay test Which of t...

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...

charles is a producer who is licensed in louisiana but resides in mississippi. Charles is considered to be a(n) - Answer Nonresident producer Karen the producer pays for her client's initial premium payment as an incentive for purchase. this act is considered a(n) - Answer Rebate an ind...

A Louisiana insurance producer solicits a life insurance policy. In the event of a controversy between the insured and the company, the producer is considered to represent the insured beneficiary company policyholder - Answer company When a producer is replacing an existing ordinary l...

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 ...

An employer may qualify for health care tax credits through SHOP Marketplace if that employer has fewer than how many employees? - Answer 25 An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - Answer Inflation Protection An ins...

Maximum benefit refers to the - Answer upper limit of the total lifetime benefits the insurance company will pay ____ is NOT an element of a valid contract - Answer Countersignature ______ life is designed to pay the balance of a loan if the insured dies before repayment of the loan - Answ...

Which type of rider pays out a capital sum in case an insured loses a limb or their eyesight? - Answer Accidental Death and Dismemberment If a policyowner of a convertible term life insurance policy exercises his/her right to convert, which of the following will happen? - Answer The term poli...

The branch of dentistry which deals with the replacement of missing parts is called - Answer Prosthodontics The Fair Credit Reporting Act protects consumers - Answer With guidelines regarding credit reporting and distribution Within how many days must a producer submit a change in address?...

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...

Under group health insurance, a certificate of coverage is issued to the - Answer employee Which of the following actions may an insurance company NOT do in a health policy that contains a guaranteed renewable premium benefit? - Answer Increase the premiums on an individual basis A payme...