Louisiana Life, Accident and Health Practice
Exam Test/ 876 Questions & Correct Answers
Which of the following does not describe 401(K) characteristics - Answer: Currently $49,000
maximum contribution
The following are examples of Qualified Retirement Plans except: - Answer: 501c(3)
Which of the following is not correct regarding Long Term Care - Answer: It provides different
benefits for different levels of care
Medicare Select is a type of? - Answer: Medicare Supplement plan offered by an HMO
Which of the following statements is correct regarding Medicare Advantage - Answer: It can
offer benefits that ate not covered by regular Medicare
Which of the following is correct with regards to the hospital insurance Part A plan of Medicare
- Answer: Insured must satisfy a deductible
Page 1 of 118
,Which of the following statements is correct about Part B of Medicare - Answer: An annual
deductible is required
All of the following examples of groups that purchase group health insurance except: - Answer:
MEWA
The following are example of limited health plans except: - Answer: HMO
Ally wants a rider that will pay disability that social security will pay for one year, assuming that
social security should begin then. What type of rider should she consider? - Answer: Additional
monthly benefit (AMB)
How many QCs are necessary to be fully funded? - Answer: 40
If Bill has a type of disability plan that has benefits set at a percentage of income, what type is
it? - Answer: Employer Group
Ally wants to make sure that her benefits for her disability policy keep up with the rate of
inflation, what type of rider should she consider - Answer: COLA
How many QCs are necessary to be deemed partially insured - Answer: 6 in the last 13
If Jill has a type of disability plan that has benefits set at a flat amount per month, what type is
it? - Answer: Individual
The period before benefits begin is termed as all of the following except: - Answer: Pre-benefit
period
Page 2 of 118
,Which of the following does Coinsurance describe? - Answer: a percentage the insured will pay
after the deductible
If a health insurer does not pay a claim more than how many days after required a 1% per
month penalty will begin? - Answer: 25 days
How many days after receiving notice of a claim does an insurer have to furnish proof of loss
forms? - Answer: 15
If Martha wants to pay her daughter's college tuition, which of the following can be used as an
education annuity? - Answer: Annuity Certain
The best description of a hazard is? - Answer: Condition that may increase the chance that a
loss may occur
Choose from the following selections the best description of a premium? - Answer: The amount
an insured pays for each unit of coverage. $7 for every $1,000 of coverage is an example.
Which of the following is correct about a Third-Party Administrator? - Answer: It is an
independent company that provides administrative services for company's self-funded plans
A non-resident producer that is moving from one state to another state must submit? - Answer:
a state-to-state transfer form within 30 days
If a producer changes their mailing, work, or home address, the Department must be notified
____________of the change on an official "Change of Address" form available on the LA
Department of Insurance website, or face a fine. - Answer: within 10 days
Page 3 of 118
, Assuming CE requirements have been met, how is the life agent's license renewed? - Answer:
Pay the renewal billing notice the Dept sends out 90 days before the renewal date
To renew a resident individual producer's license, you must complete _______ hours of
continuing education each renewal period. - Answer: 24 hours
The CE requirement does not apply to specialty or limited licenses, such as, industrial fire, credit
life, credit health, credit property, or accidental death and dismemberment. - Answer: False
John became disabled and cannot conduct his insurance business. His legally appointed
representative may get a temporary license to handle the business for him for a period up to
____________________. - Answer: 180 days
If a producer's license is revoked, it is not possible to reapply. - Answer: False
A District Court Judge found James, a producer, guilty of a misdemeanor petty theft. James must
- Answer: Report the ruling to the Commissioner within 30 days.
To maintain your license, every licensee must: - Answer: Select one:
a. complete a certain number of hours in continuing education.
b. maintain satisfactory conduct.
c. send in the renewal application and pay renewal fees.
d. All of the above
Of the items listed below, which are requirements for a life & disability insurance analyst
license? - Answer: a. The applicant must have a good general reputation
b. The applicant must be at least 18 years of age
c. The applicant must have a thorough knowledge of life & disability insurance
d. These are all required
Page 4 of 118
Exam Test/ 876 Questions & Correct Answers
Which of the following does not describe 401(K) characteristics - Answer: Currently $49,000
maximum contribution
The following are examples of Qualified Retirement Plans except: - Answer: 501c(3)
Which of the following is not correct regarding Long Term Care - Answer: It provides different
benefits for different levels of care
Medicare Select is a type of? - Answer: Medicare Supplement plan offered by an HMO
Which of the following statements is correct regarding Medicare Advantage - Answer: It can
offer benefits that ate not covered by regular Medicare
Which of the following is correct with regards to the hospital insurance Part A plan of Medicare
- Answer: Insured must satisfy a deductible
Page 1 of 118
,Which of the following statements is correct about Part B of Medicare - Answer: An annual
deductible is required
All of the following examples of groups that purchase group health insurance except: - Answer:
MEWA
The following are example of limited health plans except: - Answer: HMO
Ally wants a rider that will pay disability that social security will pay for one year, assuming that
social security should begin then. What type of rider should she consider? - Answer: Additional
monthly benefit (AMB)
How many QCs are necessary to be fully funded? - Answer: 40
If Bill has a type of disability plan that has benefits set at a percentage of income, what type is
it? - Answer: Employer Group
Ally wants to make sure that her benefits for her disability policy keep up with the rate of
inflation, what type of rider should she consider - Answer: COLA
How many QCs are necessary to be deemed partially insured - Answer: 6 in the last 13
If Jill has a type of disability plan that has benefits set at a flat amount per month, what type is
it? - Answer: Individual
The period before benefits begin is termed as all of the following except: - Answer: Pre-benefit
period
Page 2 of 118
,Which of the following does Coinsurance describe? - Answer: a percentage the insured will pay
after the deductible
If a health insurer does not pay a claim more than how many days after required a 1% per
month penalty will begin? - Answer: 25 days
How many days after receiving notice of a claim does an insurer have to furnish proof of loss
forms? - Answer: 15
If Martha wants to pay her daughter's college tuition, which of the following can be used as an
education annuity? - Answer: Annuity Certain
The best description of a hazard is? - Answer: Condition that may increase the chance that a
loss may occur
Choose from the following selections the best description of a premium? - Answer: The amount
an insured pays for each unit of coverage. $7 for every $1,000 of coverage is an example.
Which of the following is correct about a Third-Party Administrator? - Answer: It is an
independent company that provides administrative services for company's self-funded plans
A non-resident producer that is moving from one state to another state must submit? - Answer:
a state-to-state transfer form within 30 days
If a producer changes their mailing, work, or home address, the Department must be notified
____________of the change on an official "Change of Address" form available on the LA
Department of Insurance website, or face a fine. - Answer: within 10 days
Page 3 of 118
, Assuming CE requirements have been met, how is the life agent's license renewed? - Answer:
Pay the renewal billing notice the Dept sends out 90 days before the renewal date
To renew a resident individual producer's license, you must complete _______ hours of
continuing education each renewal period. - Answer: 24 hours
The CE requirement does not apply to specialty or limited licenses, such as, industrial fire, credit
life, credit health, credit property, or accidental death and dismemberment. - Answer: False
John became disabled and cannot conduct his insurance business. His legally appointed
representative may get a temporary license to handle the business for him for a period up to
____________________. - Answer: 180 days
If a producer's license is revoked, it is not possible to reapply. - Answer: False
A District Court Judge found James, a producer, guilty of a misdemeanor petty theft. James must
- Answer: Report the ruling to the Commissioner within 30 days.
To maintain your license, every licensee must: - Answer: Select one:
a. complete a certain number of hours in continuing education.
b. maintain satisfactory conduct.
c. send in the renewal application and pay renewal fees.
d. All of the above
Of the items listed below, which are requirements for a life & disability insurance analyst
license? - Answer: a. The applicant must have a good general reputation
b. The applicant must be at least 18 years of age
c. The applicant must have a thorough knowledge of life & disability insurance
d. These are all required
Page 4 of 118
