1 for specific request mail
Final Exam - Louisiana Life and Health Questions |
Accurate & Verified Answers to Pass Actual Exam
When are group disability benefits considered to be tax-free to the
insured?
Ans: 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
Ans: Marriage partners
Assignment Expert
What is the elimination period of an individual disability policy?
Ans: Time period a disabled person must wait before benefits are paid
Guru01 - Stuvia
What happens to interest earned if the annuitant dies before the payout
start date?
Ans: It is taxable
2026
In which of the following situations would the insurer be liable for a loss?
©
Ans: The insured suffered an injury as an innocent bystander during a
bank robbery
In what form do disability income policies typically pay benefits?
Ans: Periodic income
Which of the following is typically NOT eligible for coverage in a group
health policy?
Ans: Temporary employee
Which of the following would be considered a possible applicant and
contract policyholder for group health benefits?
Ans: Employer
, 2 for specific request mail
A Medicare Supplement Policy is
Ans: designed to fill in the gaps of Part A and Part B Medicare
Under a Modified Endowment Contract, what are the likely tax
consequences?
Ans: Pre-death distributions will become taxable
In a Long-Term Care policy, activities of daily living (ADL's) can be each
of the following EXCEPT
Ans: Talking
Assignment Expert
Which of the following is an annuity that is linked to a market-related
index?
Guru01 - Stuvia
Ans: Equity-indexed annuity
An insurer operating in the U.S. but headquartered outside the U.S. is
Ans: an alien insurer
2026
Group dental plans will frequently place a limit on annual benefits in
order to minimize
©
Ans: adverse selection
All of the following are considered to be fraud EXCEPT
Ans: collecting a charge for insurance that is less than the charge
applicable to that insurance
A producer's license in Louisiana must be renewed every
Ans: Two years
An insured has a health plan that pays established amounts in
accordance with a list of injuries, surgical procedures, or other losses.
This list is called a
Ans: benefit schedule
, 3 for specific request mail
Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), a
terminated employee's benefits must
Ans: be the same and the premium cannot exceed 102%
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?
Ans: 30
Ownership of a life insurance policy may be temporarily transferred with
a(n)
Assignment Expert
Ans: collateral assignment
Guru01 - Stuvia
Under a Traditional IRA, interest earned is taxed
Ans: upon distribution
When a Medicare Supplement insurance policy is being replaced, who
2026
must sign the notice of replacement?
Ans: The producer and the applicant
©
In Louisiana, regulation for variable insurance contracts are set by all of
the following EXCEPT:
Ans: State attorney general's office
Which of these factors help determine an insured's life insurance
premium?
Ans: avocation (hobby)
In general practice, which statement is true of the powers of the
Commissioner of Insurance with respect to access to a producer's
business records?
Ans: Records must be produced upon the request of the Commissioner to
the producer
Final Exam - Louisiana Life and Health Questions |
Accurate & Verified Answers to Pass Actual Exam
When are group disability benefits considered to be tax-free to the
insured?
Ans: 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
Ans: Marriage partners
Assignment Expert
What is the elimination period of an individual disability policy?
Ans: Time period a disabled person must wait before benefits are paid
Guru01 - Stuvia
What happens to interest earned if the annuitant dies before the payout
start date?
Ans: It is taxable
2026
In which of the following situations would the insurer be liable for a loss?
©
Ans: The insured suffered an injury as an innocent bystander during a
bank robbery
In what form do disability income policies typically pay benefits?
Ans: Periodic income
Which of the following is typically NOT eligible for coverage in a group
health policy?
Ans: Temporary employee
Which of the following would be considered a possible applicant and
contract policyholder for group health benefits?
Ans: Employer
, 2 for specific request mail
A Medicare Supplement Policy is
Ans: designed to fill in the gaps of Part A and Part B Medicare
Under a Modified Endowment Contract, what are the likely tax
consequences?
Ans: Pre-death distributions will become taxable
In a Long-Term Care policy, activities of daily living (ADL's) can be each
of the following EXCEPT
Ans: Talking
Assignment Expert
Which of the following is an annuity that is linked to a market-related
index?
Guru01 - Stuvia
Ans: Equity-indexed annuity
An insurer operating in the U.S. but headquartered outside the U.S. is
Ans: an alien insurer
2026
Group dental plans will frequently place a limit on annual benefits in
order to minimize
©
Ans: adverse selection
All of the following are considered to be fraud EXCEPT
Ans: collecting a charge for insurance that is less than the charge
applicable to that insurance
A producer's license in Louisiana must be renewed every
Ans: Two years
An insured has a health plan that pays established amounts in
accordance with a list of injuries, surgical procedures, or other losses.
This list is called a
Ans: benefit schedule
, 3 for specific request mail
Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), a
terminated employee's benefits must
Ans: be the same and the premium cannot exceed 102%
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?
Ans: 30
Ownership of a life insurance policy may be temporarily transferred with
a(n)
Assignment Expert
Ans: collateral assignment
Guru01 - Stuvia
Under a Traditional IRA, interest earned is taxed
Ans: upon distribution
When a Medicare Supplement insurance policy is being replaced, who
2026
must sign the notice of replacement?
Ans: The producer and the applicant
©
In Louisiana, regulation for variable insurance contracts are set by all of
the following EXCEPT:
Ans: State attorney general's office
Which of these factors help determine an insured's life insurance
premium?
Ans: avocation (hobby)
In general practice, which statement is true of the powers of the
Commissioner of Insurance with respect to access to a producer's
business records?
Ans: Records must be produced upon the request of the Commissioner to
the producer
