LA Series 103 Exam | Exam Questions and
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Terms in this set (732)
Maximum benefit refers to the upper limit of the total lifetime benefits the
insurance company will pay
____ is NOT an element of a valid Countersignature
contract
______ life is designed to pay the Credit
balance of a loan if the insured dies
before repayment of the loan
A 10% excise tax is normally applied 7.50%
to an early withdrawal from an IRA.
According to HIPPA, this tax will not
be applied if the withdrawal is used
for medical expenses that exceed ___
of the individual's adjusted gross
income.
A beneficiary change can occur: normally at any time during the policy term.
, A beneficiary has just received a No federal income tax is owed on the life insurance
claim payment for a life insurance proceeds.
policy. Which of the following is
TRUE regarding federal income tax
liability.
A business entity wishing to act as an obtain a producer's license.
insurance producer MUST
A business will will typically use Group Policy
which type of life insurance to cover
their employees?
A cease and decist order forbids a stated practice listed in the order.
A change in an insurance application an initial made by the applicant.
requires
A clause that allows an insurer the optional renewability clause
right to terminate coverage at any
anniversary date is called a(n)
A comman exclusion with Vision lasik surgery
plans is
A company that is authorized by the authorized insurer
Commissioner to transact insurance
business in Louisiana is called a(n)
A dependent child may remain on a has a mental or physical handicap and remains
parents health insurance beyond the dependent on the parent
age of 26 if the child
Answers | already graded A+
Save
Terms in this set (732)
Maximum benefit refers to the upper limit of the total lifetime benefits the
insurance company will pay
____ is NOT an element of a valid Countersignature
contract
______ life is designed to pay the Credit
balance of a loan if the insured dies
before repayment of the loan
A 10% excise tax is normally applied 7.50%
to an early withdrawal from an IRA.
According to HIPPA, this tax will not
be applied if the withdrawal is used
for medical expenses that exceed ___
of the individual's adjusted gross
income.
A beneficiary change can occur: normally at any time during the policy term.
, A beneficiary has just received a No federal income tax is owed on the life insurance
claim payment for a life insurance proceeds.
policy. Which of the following is
TRUE regarding federal income tax
liability.
A business entity wishing to act as an obtain a producer's license.
insurance producer MUST
A business will will typically use Group Policy
which type of life insurance to cover
their employees?
A cease and decist order forbids a stated practice listed in the order.
A change in an insurance application an initial made by the applicant.
requires
A clause that allows an insurer the optional renewability clause
right to terminate coverage at any
anniversary date is called a(n)
A comman exclusion with Vision lasik surgery
plans is
A company that is authorized by the authorized insurer
Commissioner to transact insurance
business in Louisiana is called a(n)
A dependent child may remain on a has a mental or physical handicap and remains
parents health insurance beyond the dependent on the parent
age of 26 if the child
