LA SERIES 103 EXAM QUESTIONS WITH ALL
CORRECT ANSWERS 2026 TEST BANK
COMPLETE SOLUTIONS ACCURATE
LEARNING PACKAGE GRADED A+
⩥ Own Occupation.
Answer: total disability that requires that in order to receive disability
income benefits the insured must be unable to work at the insured's own
occupation.
⩥ Nonoccupational Coverage.
Answer: is coverage provided by a Disability Income policy that does
not provide benefits for losses occurring as the result of the insured's
employment.
⩥ Presumptive Disability.
Answer: is a disability income policy benefit that provides that if an
insured experiences a specified disability, such as blindness, the insured
is presumed to be totally disabled and entitled to the full amount payable
under policy, whether or not the insured is able to work. Presumptive
disabilities include total blindness, total deafness, loss of speech, and
loss of two or more limbs.
⩥ Partial Disability.
, Answer: an Illness or injury preventing insured from performing at least
one or more, but not all, of the insured's occupational duties or the
inability to work at that job on a full-time basis, either of which result in
a decrease in income.
⩥ Residual Amount Benefit.
Answer: is a disability income payment based on the proportion of
income the insured has actually lost, taking into account the fact that the
insured is able to earn some income. For example of the insured suffered
a 20% loss of income because of the partial disability, the residual
benefit payable would be 20% of the benefit that the policy would
provide for total disability.
⩥ Accidental Means.
Answer: Unforeseen, unexpected, unintended cause of an accident.
Requirement of an accident-based policy that the cause of the mishap
must be accidental for any claim to be payable.
⩥ Accidental Results.
Answer: are policies that use the accidental bodily injury provision
(sometimes called the results provision) required that the result of the
injury has to be unexpected and accidental. This is far less restrictive
than the accidental means provision.
⩥ Probationary Period.
CORRECT ANSWERS 2026 TEST BANK
COMPLETE SOLUTIONS ACCURATE
LEARNING PACKAGE GRADED A+
⩥ Own Occupation.
Answer: total disability that requires that in order to receive disability
income benefits the insured must be unable to work at the insured's own
occupation.
⩥ Nonoccupational Coverage.
Answer: is coverage provided by a Disability Income policy that does
not provide benefits for losses occurring as the result of the insured's
employment.
⩥ Presumptive Disability.
Answer: is a disability income policy benefit that provides that if an
insured experiences a specified disability, such as blindness, the insured
is presumed to be totally disabled and entitled to the full amount payable
under policy, whether or not the insured is able to work. Presumptive
disabilities include total blindness, total deafness, loss of speech, and
loss of two or more limbs.
⩥ Partial Disability.
, Answer: an Illness or injury preventing insured from performing at least
one or more, but not all, of the insured's occupational duties or the
inability to work at that job on a full-time basis, either of which result in
a decrease in income.
⩥ Residual Amount Benefit.
Answer: is a disability income payment based on the proportion of
income the insured has actually lost, taking into account the fact that the
insured is able to earn some income. For example of the insured suffered
a 20% loss of income because of the partial disability, the residual
benefit payable would be 20% of the benefit that the policy would
provide for total disability.
⩥ Accidental Means.
Answer: Unforeseen, unexpected, unintended cause of an accident.
Requirement of an accident-based policy that the cause of the mishap
must be accidental for any claim to be payable.
⩥ Accidental Results.
Answer: are policies that use the accidental bodily injury provision
(sometimes called the results provision) required that the result of the
injury has to be unexpected and accidental. This is far less restrictive
than the accidental means provision.
⩥ Probationary Period.
