Exam Simulator- Louisiana Life and
Health State Exam 103 | 140 MOSTLY
TESTED COMPLETE QUESTIONS
AND ANSWERS 2025| GRADED A+
Louisiana residents who are uninsurable may obtain health coverage through the
- ANSWER-Louisiana Health Insurance Association
What are an applicant's statements concerning occupation, hobbies, and
personal health history regarded as? - ANSWER-Representation
The principle of insurable interest, in regards to a life insurance contract, is
accurately described in which statement? - ANSWER-Insurable interest can be
based on the love and affection of individuals related by blood or law
Which clause defines total disability as being unable to perform the major duties
of the insured regular occupation? - ANSWER-Own occupation clause
What would happen if a life insurance applicant is given a conditional receipt from
an insurance agent and then dies the next day? - ANSWER-Claim will be paid if
money was received by the insurance company.
How are annuities given favorable tax treatment? - ANSWER-Gains are taxed at
distribution
Major medical insurance will typically cover medical expenses that result from? -
ANSWER-a negative reaction to prescribed medication
An individual can enroll in a Part C Medicare Advantage Plan at what time? -
ANSWER-When becoming eligible for Medicare
Insurance represents the process of risk - ANSWER-transference
The focus of major medical insurance is providing coverage for - ANSWER-
medical and hospitalization expenses
A life insurance replacement transaction could result in a(n) - ANSWER-
Surrender Charge
, Maria is a Preferred Provider Organization (PPO) subscriber and received care
from an out of work provider. Which of the following is the likely results -
ANSWER-Care is Covered
Jonas is a whole life insurance policyowner and would like to add coverage for
his two children. Which of the following products would allow him to accomplish
this? - ANSWER-Child term rider
The elimination period under a hospital indemnity plan is? - ANSWER-The
specified number of days an insured must wait before becoming eligible to
receive benefits for each hospitalization
All of the following are included as part of a contract in the entire contract
provision except the - ANSWER-Changes made by the producer
Which type of multiple protection policy pays on the death of the last person? -
ANSWER-Survivorship Life policy
Insurance companies determine risk exposure by which of the following? -
ANSWER-Law of large numbers and risk pooling
Which of the following actions may an insurance company NOT do in a health
policy that contains a guaranteed renewable premium benefit? - ANSWER-
Increase the premiums on a individual basis
An insurer may exclude preexisting conditions on a Medicare Supplement policy
for ____ - ANSWER-6
An eligible employee can be excluded from a group health coverage for up to ___
months if he/she is considered a "late enrollee" - ANSWER-18
Which of the following statements regarding Group Disability Income Insurance is
TRUE? - ANSWER-It provides benefits for nonoccupational illnesses and injuries
To be classified as a small employer in Louisiana, and employer must employ -
ANSWER-1-50
What amount will be paid under a policy where the insured misstated his/her
age? - ANSWER-An amount the premium would have purchased at the correct
age
Written notice for a health claim must be given to the insurer ____ days after the
occurrence of the loss. - ANSWER-20
Health State Exam 103 | 140 MOSTLY
TESTED COMPLETE QUESTIONS
AND ANSWERS 2025| GRADED A+
Louisiana residents who are uninsurable may obtain health coverage through the
- ANSWER-Louisiana Health Insurance Association
What are an applicant's statements concerning occupation, hobbies, and
personal health history regarded as? - ANSWER-Representation
The principle of insurable interest, in regards to a life insurance contract, is
accurately described in which statement? - ANSWER-Insurable interest can be
based on the love and affection of individuals related by blood or law
Which clause defines total disability as being unable to perform the major duties
of the insured regular occupation? - ANSWER-Own occupation clause
What would happen if a life insurance applicant is given a conditional receipt from
an insurance agent and then dies the next day? - ANSWER-Claim will be paid if
money was received by the insurance company.
How are annuities given favorable tax treatment? - ANSWER-Gains are taxed at
distribution
Major medical insurance will typically cover medical expenses that result from? -
ANSWER-a negative reaction to prescribed medication
An individual can enroll in a Part C Medicare Advantage Plan at what time? -
ANSWER-When becoming eligible for Medicare
Insurance represents the process of risk - ANSWER-transference
The focus of major medical insurance is providing coverage for - ANSWER-
medical and hospitalization expenses
A life insurance replacement transaction could result in a(n) - ANSWER-
Surrender Charge
, Maria is a Preferred Provider Organization (PPO) subscriber and received care
from an out of work provider. Which of the following is the likely results -
ANSWER-Care is Covered
Jonas is a whole life insurance policyowner and would like to add coverage for
his two children. Which of the following products would allow him to accomplish
this? - ANSWER-Child term rider
The elimination period under a hospital indemnity plan is? - ANSWER-The
specified number of days an insured must wait before becoming eligible to
receive benefits for each hospitalization
All of the following are included as part of a contract in the entire contract
provision except the - ANSWER-Changes made by the producer
Which type of multiple protection policy pays on the death of the last person? -
ANSWER-Survivorship Life policy
Insurance companies determine risk exposure by which of the following? -
ANSWER-Law of large numbers and risk pooling
Which of the following actions may an insurance company NOT do in a health
policy that contains a guaranteed renewable premium benefit? - ANSWER-
Increase the premiums on a individual basis
An insurer may exclude preexisting conditions on a Medicare Supplement policy
for ____ - ANSWER-6
An eligible employee can be excluded from a group health coverage for up to ___
months if he/she is considered a "late enrollee" - ANSWER-18
Which of the following statements regarding Group Disability Income Insurance is
TRUE? - ANSWER-It provides benefits for nonoccupational illnesses and injuries
To be classified as a small employer in Louisiana, and employer must employ -
ANSWER-1-50
What amount will be paid under a policy where the insured misstated his/her
age? - ANSWER-An amount the premium would have purchased at the correct
age
Written notice for a health claim must be given to the insurer ____ days after the
occurrence of the loss. - ANSWER-20
