LOUISIANA LIFE, ACCIDENT AND HEALTH PRACTICE EXAM TEST 280
QUESTIONS AND CORRECT ANSWERS COVERING ALL THE MOST AND
RECURENT QUESTIONS PERFECT FOR 2026_2027 EXAM TEST
GUARANTEE HIGH PASSMARK
OVERVIEW
This set of questions focuses on health and life insurance policy provisions,
benefits, and regulatory requirements. It covers key topics such as long-term
care policy rules, claims procedures, and mandatory contract provisions like the
entire contract clause. It also reviews policy benefits (e.g., accidental death
payouts), tax-advantaged accounts like HSAs, and how annuities function,
particularly the distinction between fixed annuities and separate accounts. In
addition, the material highlights insurance licensing rules, including continuing
education, temporary licenses, and regulatory actions like cease-and-desist orders.
Ethical and legal concepts such as hazards, unfair trade practices, and
consumer protection are also emphasized, along with personal insurance planning
concepts like survivor protection and beneficiary designations.
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. - correct 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 - correct 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 - correct 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. - correct 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
(Choose from the following options)
1. Time limit on certain defenses clause.
,2. Incontestability clause.
3. Legal action against us clause.
4. Entire contract clause. - correct answer -Entire contract clause.
Entire contract is a mandatory provision that is required by law.
A licensed life producer has completed 12 of his continuing education hours for this period. How many
more will he have to finish?
a) 3
b) 8
c) 10
d) 12 - correct answer -12
All licensed insurance producers must complete 24 hours of continuing education every 2 years.
When a fixed annuity owner pays his/her insurance company a monthly annuity premium, where is
this money placed?
a) Each contract's separate account
b) The annuity owner's account
c) The insurance company's general account
d) Forwarded to an investor - correct answer -The insurance company's general account
Fixed annuities guarantee a minimum amount of interest to be credited to the purchase payment. The
insurance company can afford to make guarantees because the money of a fixed annuity is placed in
the general account of the insurance company, which is part of its investment portfolio. The company
makes conservative enough investments to insure a guaranteed rate to the annuity owners.
If the Commissioner believes that a producer may be in violation of an insurance law or regulation,
what may be issued?
a) Arrest warrant
b) Writ of noncompliance
c) Call to obey
d) Cease and desist order - correct answer -Cease and desist order
, The Commissioner will issue a cease and desist order when he/she believes that a producer could be
in violation of an insurance law or regulation.
A temporary license in this state is valid for
a) 30 days.
b) 60 days.
c) 90 days.
d) 180 days. - correct answer -180 days.
A temporary license is good for 180 days.
An insurer devises an intimidation strategy in order to corner a large portion of the insurance market.
Which of the following best describes this practice?
a) A legal advertising strategy
b) Unfair Discrimination
c) Defamation
d) Illegal - correct answer -Illegal
It is illegal to participate in any boycott, coercion, or intimidation that is intended to restrict fair trade
or create a monopoly.
A producer is helping a married couple determine the financial needs of their children in the event
one or both should die prematurely. This is a personal use of life insurance known as
a) Juvenile protection provision
b) Survivor protection
c) Life planning
d) Survivorship insurance - correct answer -Survivor protection
Life insurance can provide the funds necessary for the survivors of the insured to be able to maintain
their lifestyle in the event of the insured's death. This is known as survivor protection.
A person who does not lock the doors or does not repair leaks shows an indifferent attitude. This
person presents what type of hazard?
QUESTIONS AND CORRECT ANSWERS COVERING ALL THE MOST AND
RECURENT QUESTIONS PERFECT FOR 2026_2027 EXAM TEST
GUARANTEE HIGH PASSMARK
OVERVIEW
This set of questions focuses on health and life insurance policy provisions,
benefits, and regulatory requirements. It covers key topics such as long-term
care policy rules, claims procedures, and mandatory contract provisions like the
entire contract clause. It also reviews policy benefits (e.g., accidental death
payouts), tax-advantaged accounts like HSAs, and how annuities function,
particularly the distinction between fixed annuities and separate accounts. In
addition, the material highlights insurance licensing rules, including continuing
education, temporary licenses, and regulatory actions like cease-and-desist orders.
Ethical and legal concepts such as hazards, unfair trade practices, and
consumer protection are also emphasized, along with personal insurance planning
concepts like survivor protection and beneficiary designations.
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. - correct 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 - correct 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 - correct 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. - correct 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
(Choose from the following options)
1. Time limit on certain defenses clause.
,2. Incontestability clause.
3. Legal action against us clause.
4. Entire contract clause. - correct answer -Entire contract clause.
Entire contract is a mandatory provision that is required by law.
A licensed life producer has completed 12 of his continuing education hours for this period. How many
more will he have to finish?
a) 3
b) 8
c) 10
d) 12 - correct answer -12
All licensed insurance producers must complete 24 hours of continuing education every 2 years.
When a fixed annuity owner pays his/her insurance company a monthly annuity premium, where is
this money placed?
a) Each contract's separate account
b) The annuity owner's account
c) The insurance company's general account
d) Forwarded to an investor - correct answer -The insurance company's general account
Fixed annuities guarantee a minimum amount of interest to be credited to the purchase payment. The
insurance company can afford to make guarantees because the money of a fixed annuity is placed in
the general account of the insurance company, which is part of its investment portfolio. The company
makes conservative enough investments to insure a guaranteed rate to the annuity owners.
If the Commissioner believes that a producer may be in violation of an insurance law or regulation,
what may be issued?
a) Arrest warrant
b) Writ of noncompliance
c) Call to obey
d) Cease and desist order - correct answer -Cease and desist order
, The Commissioner will issue a cease and desist order when he/she believes that a producer could be
in violation of an insurance law or regulation.
A temporary license in this state is valid for
a) 30 days.
b) 60 days.
c) 90 days.
d) 180 days. - correct answer -180 days.
A temporary license is good for 180 days.
An insurer devises an intimidation strategy in order to corner a large portion of the insurance market.
Which of the following best describes this practice?
a) A legal advertising strategy
b) Unfair Discrimination
c) Defamation
d) Illegal - correct answer -Illegal
It is illegal to participate in any boycott, coercion, or intimidation that is intended to restrict fair trade
or create a monopoly.
A producer is helping a married couple determine the financial needs of their children in the event
one or both should die prematurely. This is a personal use of life insurance known as
a) Juvenile protection provision
b) Survivor protection
c) Life planning
d) Survivorship insurance - correct answer -Survivor protection
Life insurance can provide the funds necessary for the survivors of the insured to be able to maintain
their lifestyle in the event of the insured's death. This is known as survivor protection.
A person who does not lock the doors or does not repair leaks shows an indifferent attitude. This
person presents what type of hazard?
