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LOUISIANA LIFE AND HEALTH INSURANCE
EXAM BANK | {LATEST 2026/ 2027 UPDATE}
COMPLETE ACTUAL AND AUTHENTIC EXAM |
BRAND NEW!
ABC Insurance Company wishes to begin transacting business in
Louisiana. Before it can do so, it must do which of the following?
a) Receive permission from the Governor of Louisiana
b) Receive a letter of clearance from ABC's home state
c) Obtain approval of each of its corporate officers and
executives
d) Obtain a certificate of authority
Obtain a certificate of authority
All insurers, regardless of the state in which they are chartered,
must obtain a Certificate of Authority from the Louisiana
Insurance Department before they can transact insurance in the
state.
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Which renewability provision allows an insurer to terminate a
policy for any reason, and to increase the premiums for any class
of insureds?
a) Conditionally renewable
b) Cancellable
c) Guaranteed renewable
d) Optionally renewable
Optionally renewable
The renewability provision in an optionally renewable policy gives
the insurer the option to terminate the policy for any reason on
the date specified in the contract (usually a renewal date).
Furthermore, this provision allows the insurer to increase the
premium for any class of optionally renewable insureds.
Which benefits would a disability plan most likely pay?
a) Medical expenses associated with a disability
b) Income lost by the insured's inability to work
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c) Rehabilitation costs
d) Copayments
Income lost by the insured's inability to work
Disability benefits are paid to those who are unable to work as
they normally would, due to an accident or illness. Benefits are
designed to help the insured recover income lost as a result of
the disability. The amount of benefits that an insured receives is
determined by the insured's earned income and is usually limited
to a certain percentage of that amount.
All of the following statements are true regarding installments
for a fixed amount EXCEPT
a) Value of the account and future earnings will determine the
time period for the benefits.
b) This option pays specific amount until the funds are exhausted.
c) The annuitant may select how big the payments will be.
d) The payments will stop when the annuitant dies.
The payments will stop when the annuitant dies.
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Installments for a fixed amount option has no life contingencies.
A specific amount of benefits will be paid until funds are
exhausted whether or not the annuitant is living.
Which of the following factors determines the amount of each
installment paid in a Life Income Option arrangement?
a) Projected life insurance and health insurance
b) Recipient's life expectancy and amount of principal
c) Projected income
d) Recipient's health and death benefits
Recipient's life expectancy and amount of principal
The recipient's life expectancy and the amount of principal
determine the amount of each installment paid in the Life Income
Option arrangement.
All of the following qualify for Medicare Part A EXCEPT
LOUISIANA LIFE AND HEALTH INSURANCE
EXAM BANK | {LATEST 2026/ 2027 UPDATE}
COMPLETE ACTUAL AND AUTHENTIC EXAM |
BRAND NEW!
ABC Insurance Company wishes to begin transacting business in
Louisiana. Before it can do so, it must do which of the following?
a) Receive permission from the Governor of Louisiana
b) Receive a letter of clearance from ABC's home state
c) Obtain approval of each of its corporate officers and
executives
d) Obtain a certificate of authority
Obtain a certificate of authority
All insurers, regardless of the state in which they are chartered,
must obtain a Certificate of Authority from the Louisiana
Insurance Department before they can transact insurance in the
state.
,Page 2 of 192
Which renewability provision allows an insurer to terminate a
policy for any reason, and to increase the premiums for any class
of insureds?
a) Conditionally renewable
b) Cancellable
c) Guaranteed renewable
d) Optionally renewable
Optionally renewable
The renewability provision in an optionally renewable policy gives
the insurer the option to terminate the policy for any reason on
the date specified in the contract (usually a renewal date).
Furthermore, this provision allows the insurer to increase the
premium for any class of optionally renewable insureds.
Which benefits would a disability plan most likely pay?
a) Medical expenses associated with a disability
b) Income lost by the insured's inability to work
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c) Rehabilitation costs
d) Copayments
Income lost by the insured's inability to work
Disability benefits are paid to those who are unable to work as
they normally would, due to an accident or illness. Benefits are
designed to help the insured recover income lost as a result of
the disability. The amount of benefits that an insured receives is
determined by the insured's earned income and is usually limited
to a certain percentage of that amount.
All of the following statements are true regarding installments
for a fixed amount EXCEPT
a) Value of the account and future earnings will determine the
time period for the benefits.
b) This option pays specific amount until the funds are exhausted.
c) The annuitant may select how big the payments will be.
d) The payments will stop when the annuitant dies.
The payments will stop when the annuitant dies.
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Installments for a fixed amount option has no life contingencies.
A specific amount of benefits will be paid until funds are
exhausted whether or not the annuitant is living.
Which of the following factors determines the amount of each
installment paid in a Life Income Option arrangement?
a) Projected life insurance and health insurance
b) Recipient's life expectancy and amount of principal
c) Projected income
d) Recipient's health and death benefits
Recipient's life expectancy and amount of principal
The recipient's life expectancy and the amount of principal
determine the amount of each installment paid in the Life Income
Option arrangement.
All of the following qualify for Medicare Part A EXCEPT
