LOUISIANA INSURANCE ADJUSTER
EXAMINATION TEST 2026 COMPLETE
QUESTIONS AND ANSWERS GRADED A+
⩥ What is the purpose of a suicide provision within a life insurance
policy? Answer: To protect the insurer from persons who purchase life
insurance with the intention of committing suicide
⩥ Which of the following is not true of Disability Buy-Sell coverage ?
a. it is typically written to cover partners or corporate officers of a
closely held business
b. Premium payments are not deductible to the business
c. the policies provide funds for the business organization to purchase
the business interest of a disabled partner
d. Benefits are considered taxable income to the business. Answer:
Benefits are considered taxable income to the business
⩥ All of the following statements about equity index annuities are
correct EXCEPT
a. They invest on a more aggressive basis aiming for higher returns
b. The annuitant receives a fixed amount of return
c. They have a guaranteed minimum interest rate
,d. The interest rate is tied to an index such as the Standard & Poor's 500.
Answer: b
⩥ Which of the following would not be a violation of Louisiana
insurance regulations?
a. Producer D collects premiums due on policies and deposits the funds
in his own personal account
b. Producer A uses er license to write only insurance for herself and her
immediate family
c. Producer B changes his clients, in addition to the premium, a
consulting fee
d. Producer C uses her license to write uncontrolled business. Answer: d
⩥ The policy owner wants to make sure that upon his death, the life
policy will pay a portion of the proceeds annually to his spouse, but that
the principal will be paid to their children when they reach a certain age.
What settlement option should the policy owner choose?. Answer:
interest only option
⩥ What is the purpose of the rehabilitation benefit in disability
insurance?. Answer: To cover the expenses of retaining the insured to
return to work
, ⩥ When a group health insurance plan is terminated, how long is an
extension of benefits provided for any totally disabled employee or
dependent?. Answer: 12 months
⩥ An individual purchased a Medicare supplement policy in March and
decided to replace it 2 months later. His history of coronary artery
disease is considered a pre-existing condition. Which of the following is
true?
a. Coronary artery disease coverage will be permanently excluded from
the new policy
b. In replacement, pre-existing conditions must be waived, so sickness
relating to coronary artery disease will be covered upon the policy's
effective date
c. Because this is a new policy, the pre-existing condition waiting period
starts over
d. The pre-existing condition waiting period is fulfilled in the old policy
will be transferred to the new policy, the new one picking up where the
old one left off. Answer: D
⩥ All of the following are penalties for violating the statutes pertaining
to sharing commissions EXCEPT
a. Additional continuing education in ethics
b. Fine up to $5,000
c. imprisonment for up to 2 years
d. License revocation. Answer: C.
EXAMINATION TEST 2026 COMPLETE
QUESTIONS AND ANSWERS GRADED A+
⩥ What is the purpose of a suicide provision within a life insurance
policy? Answer: To protect the insurer from persons who purchase life
insurance with the intention of committing suicide
⩥ Which of the following is not true of Disability Buy-Sell coverage ?
a. it is typically written to cover partners or corporate officers of a
closely held business
b. Premium payments are not deductible to the business
c. the policies provide funds for the business organization to purchase
the business interest of a disabled partner
d. Benefits are considered taxable income to the business. Answer:
Benefits are considered taxable income to the business
⩥ All of the following statements about equity index annuities are
correct EXCEPT
a. They invest on a more aggressive basis aiming for higher returns
b. The annuitant receives a fixed amount of return
c. They have a guaranteed minimum interest rate
,d. The interest rate is tied to an index such as the Standard & Poor's 500.
Answer: b
⩥ Which of the following would not be a violation of Louisiana
insurance regulations?
a. Producer D collects premiums due on policies and deposits the funds
in his own personal account
b. Producer A uses er license to write only insurance for herself and her
immediate family
c. Producer B changes his clients, in addition to the premium, a
consulting fee
d. Producer C uses her license to write uncontrolled business. Answer: d
⩥ The policy owner wants to make sure that upon his death, the life
policy will pay a portion of the proceeds annually to his spouse, but that
the principal will be paid to their children when they reach a certain age.
What settlement option should the policy owner choose?. Answer:
interest only option
⩥ What is the purpose of the rehabilitation benefit in disability
insurance?. Answer: To cover the expenses of retaining the insured to
return to work
, ⩥ When a group health insurance plan is terminated, how long is an
extension of benefits provided for any totally disabled employee or
dependent?. Answer: 12 months
⩥ An individual purchased a Medicare supplement policy in March and
decided to replace it 2 months later. His history of coronary artery
disease is considered a pre-existing condition. Which of the following is
true?
a. Coronary artery disease coverage will be permanently excluded from
the new policy
b. In replacement, pre-existing conditions must be waived, so sickness
relating to coronary artery disease will be covered upon the policy's
effective date
c. Because this is a new policy, the pre-existing condition waiting period
starts over
d. The pre-existing condition waiting period is fulfilled in the old policy
will be transferred to the new policy, the new one picking up where the
old one left off. Answer: D
⩥ All of the following are penalties for violating the statutes pertaining
to sharing commissions EXCEPT
a. Additional continuing education in ethics
b. Fine up to $5,000
c. imprisonment for up to 2 years
d. License revocation. Answer: C.
