5/9/26, 8:36 AM LA Series 103 Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026) UPDATE!! Flashca…
LA Series 103 Exam (Recent exam) Fully solved &
updated 2026 Most COMPLETE (2026) (Latest
Update 2026) UPDATE!!
Save Groups
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.
https://quizlet.com/1178318312/la-series-103-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026-update-flash-car… 1/97
,5/9/26, 8:36 AM LA Series 103 Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026) UPDATE!! Flashca…
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
https://quizlet.com/1178318312/la-series-103-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026-update-flash-car… 2/97
,5/9/26, 8:36 AM LA Series 103 Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026) UPDATE!! Flashca…
A disability elimination period is best time deductible
described as
A disability income policy can benefit limits
prevent an insured from earning a
higher income than if he/she were
working by utilizing
A doctor who accepts Medicare Doctor cannot charge more than Medicare's
Assignment agrees to which of the scheduled coverage
following?
A domestic insurance company in be organized under Louisiana insurance laws
Louisiana MUST
A field underwriter's main task is to ensure an applicant's medical information is
accurate and complete.
A foreign insurance company doing is a company that was formed under the laws of
business in Louisiana another state.
A form of medical health insurance Dental expense insurance
covering the treatment and care of
gum
A group Disability Income plan that fully contributory
pays tax-free benefits to covered
employees is considered
A guaranteed issued insurance medical underwriting
policy has no
https://quizlet.com/1178318312/la-series-103-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026-update-flash-car… 3/97
, 5/9/26, 8:36 AM LA Series 103 Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026) UPDATE!! Flashca…
A health care provider claim may be Fee-for service
settled using which of the following
payment methods?
A health insurance policy where the guaranteed renewable policy
insurer has the right to terminate the
policy owner's premiums, but NOT
cancel the policy is called a(n)
A health insurance policy where the conditionally renewable
insurer has the right to terminate the
policy for reasons other than the
insured's health is called
A health insurance policy will preventative health services
typically cover
A licensed producer MUST be _____ by appointed
an insurer to be eligible for soliciting
insurance contracts
A life insurance claim which involves named living primary beneficiaries
a per capita distribution of policy
proceeds would be payable to the
A life insurance company has reinsurer
transferred some of its risk to
another insurer. The insurer assuming
the risk is called the
A life insurance policy normally fare-paying passenger
contains a provision that restricts
coverage in the event of death under
all of the following situations EXCEPT
https://quizlet.com/1178318312/la-series-103-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026-update-flash-car… 4/97
LA Series 103 Exam (Recent exam) Fully solved &
updated 2026 Most COMPLETE (2026) (Latest
Update 2026) UPDATE!!
Save Groups
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.
https://quizlet.com/1178318312/la-series-103-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026-update-flash-car… 1/97
,5/9/26, 8:36 AM LA Series 103 Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026) UPDATE!! Flashca…
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
https://quizlet.com/1178318312/la-series-103-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026-update-flash-car… 2/97
,5/9/26, 8:36 AM LA Series 103 Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026) UPDATE!! Flashca…
A disability elimination period is best time deductible
described as
A disability income policy can benefit limits
prevent an insured from earning a
higher income than if he/she were
working by utilizing
A doctor who accepts Medicare Doctor cannot charge more than Medicare's
Assignment agrees to which of the scheduled coverage
following?
A domestic insurance company in be organized under Louisiana insurance laws
Louisiana MUST
A field underwriter's main task is to ensure an applicant's medical information is
accurate and complete.
A foreign insurance company doing is a company that was formed under the laws of
business in Louisiana another state.
A form of medical health insurance Dental expense insurance
covering the treatment and care of
gum
A group Disability Income plan that fully contributory
pays tax-free benefits to covered
employees is considered
A guaranteed issued insurance medical underwriting
policy has no
https://quizlet.com/1178318312/la-series-103-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026-update-flash-car… 3/97
, 5/9/26, 8:36 AM LA Series 103 Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026) UPDATE!! Flashca…
A health care provider claim may be Fee-for service
settled using which of the following
payment methods?
A health insurance policy where the guaranteed renewable policy
insurer has the right to terminate the
policy owner's premiums, but NOT
cancel the policy is called a(n)
A health insurance policy where the conditionally renewable
insurer has the right to terminate the
policy for reasons other than the
insured's health is called
A health insurance policy will preventative health services
typically cover
A licensed producer MUST be _____ by appointed
an insurer to be eligible for soliciting
insurance contracts
A life insurance claim which involves named living primary beneficiaries
a per capita distribution of policy
proceeds would be payable to the
A life insurance company has reinsurer
transferred some of its risk to
another insurer. The insurer assuming
the risk is called the
A life insurance policy normally fare-paying passenger
contains a provision that restricts
coverage in the event of death under
all of the following situations EXCEPT
https://quizlet.com/1178318312/la-series-103-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026-update-flash-car… 4/97
