Louisiana i - Study guides, Class notes & Summaries

Louisiana Insurance Adjuster Questions With Complete Solutions.

Louisiana Insurance Adjuster Exam Q & A

Under group health insurance, a certificate of coverage is issued to the - employee Which of the following actions may an insurance company NOT do in a health policy that contains a guaranteed renewable premium benefit? - Increase the premiums on an individual basis A payment system for health care in which the provider is paid for each service given is called - fee-for-service The free look period provided in a life insurance policy is usually - 10 days The free-look provision gives...

Lender Interest Provisions - Protects lender interest by allowing the lender certain rights in the policy. Coinsurance Penalty - A property insurance provision that penalizes the insured's loss recovery if the limit of insurance purchased by the insured is not equal to or greater than a specified percentage (commonly 80 percent) of the value of the insured property. Underinsured - A situation resulting from a failure to carry enough coverage on the value of a property, especially when the...

XCEL FINAL STUDY LOUISIANA LHA INSURANCE 2024 QUESTIONS & ANSWERS SOLVED 100% CORRECT!!

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 payment system for health care in which the provider is paid for each service given is called - Answer fee-for-service The free look period provided in a life insurance policy is usually - Answer ...

Lesson 1 Louisiana Insurance Regulation Graded A _______________ is considered an act performed frequently enough to be considered a policy or practice of the company, not just an isolated act of an employee 14 examples are given: ️Unfair claims settlement practices (1) Issuing policies with misrepresented facts or coverage provisions (2) Not acting promptly when presented with claims (3) Denying claim payments without a practical investigation of the facts given (4) Denying clai...

Louisiana Insurance Questions and Answers with Verified Solutions If a producer has been engaged in an administrative action by any governmental agency, within how many days following the final deposition must the producer report the action to the Commissioner? 30 days Each policy of life insurance shall contain a provision that a grace period shall be allowed within which the payment of any premium after the first may be made. The standard grace period shall be 30 days All of the following a...

Lender Interest Provisions - Protects lender interest by allowing the lender certain rights in the policy. Coinsurance Penalty - A property insurance provision that penalizes the insured's loss recovery if the limit of insurance purchased by the insured is not equal to or greater than a specified percentage (commonly 80 percent) of the value of the insured property. Underinsured - A situation resulting from a failure to carry enough coverage on the value of a property, especially when...

Louisiana Insurance Adjuster