Xcel Testing Solutions-Louisiana Life and Health
Exam Simulator - 200 Questions Latest Update
2025-2026 200 Questions and 100% Verified
Correct Answers Guaranteed A+
A cease and desist order issued against a producer
- Suspends the producer's certificate or broker's license
- Prevents the producer from receiving commissions
- Prohibits a specific practice listed in the order
- Terminates the producer's appointment with the insurer -CORRECT ANSWER:
Prohibits a specific practice listed in the order
A cease and desist order issued against a producer prohibits a specific practice listed in
the order.
A clause that allows an insurer the right to terminate coverage at any anniversary date
is called a(n)
- conditionally renewability clause
- optional renewability clause
-selective renewability clause
- cancelable clause -CORRECT ANSWER: optional renewability clause
An optional renewability clause allows an insurer the unrestricted right to terminate
coverage at any anniversary or at any premium due date.
A disability elimination period is best described as a
- time deductible
- dollar deductible
- eligibility period
- probation period -CORRECT ANSWER: time deductible
The best way to describe a disability elimination period is a "time deductible"
,A disability income policy can prevent an insured from earning a higher income than if
he/she were working by utilizing
- elimination periods
- probationary periods
- benefit limits
- deductibles -CORRECT ANSWER: benefit limits
To prevent an insured from earning a higher income than if he or she were working,
disability income policies utilize benefit limits.
A dread disease policy is considered to be a type of
-hospital expense policy
- group health insurance policy
-major medical insurance policy
- limited health insurance policy -CORRECT ANSWER: Limited health insurance
A limited health insurance policy provides limited coverage for specific injuries or
illnesses—such as travel accidents, dread diseases and hospital income.
A group Disability Income plan that pays tax-free benefits to covered employees is
considered
- non-contributory
- partially contributory
- group contributory
- fully contributory -CORRECT ANSWER: fully contributory
Fully contributory group plans require the employee to pay all premium cost, therefore,
any benefits received by covered employees are received tax-free.
A group life policy terminates a class of participants. To qualify for an individual policy,
an employee must do which of the following?
,- Prove that he is insurable
- Have been insured at least 5 years
- Apply for the new policy within 30 days
- Pay at least two premiums in advance -CORRECT ANSWER: Have been insured at
least 5 years
To qualify for an individual policy, an employee must have been insured at least 5 years.
A guaranteed issue insurance policy has no
- initial premium requirement
- incontestable period
- waiting period
- medical underwriting -CORRECT ANSWER: medical underwriting
A guaranteed issue policy refers to an insurance policy with no medical underwriting.
A health care provider claim may be settled using which of the following payment
methods?
- Litigation
- Unfair claim settlement
- Fee-for-service
- Prepaid expense -CORRECT ANSWER: Fee-for-service
Fee-for-service is a payment model where services are unbundled and paid for
separately.
A licensee whose name or address changes must notify the Commissioner within
-10 days
-30 days
-45 days
-60 days -CORRECT ANSWER: 30 days
, Licensees must report a change (personal or business) in address or name to the
Commissioner within 30 days of the change.
A life insurance illustration showing future premiums being paid out of nonguaranteed
values must disclose that
- These policy premiums will vanish
- The policy guarantees payment of these premiums
- The policyowner forfeits the option of paying these premiums from other sources
- The policyowner may need to resume premium payments depending on actual results
-CORRECT ANSWER: The policyowner may need to resume premium payments
depending on actual results
A life insurance illustration showing future premiums being paid out of nonguaranteed
values must disclose that the policyowner may need to resume premium payments
depending on actual results.
A life insurance policy becomes incontestable after it has been in force for
-30 days
-6 months
-2 years
-3 years -CORRECT ANSWER: 2 years
The contestable period in Louisiana for life insurance policies is 2 years.
A life insurance policy that is subject to a contract interest rate is referred to as
- adjustable life
- group life
- term life
- universal life -CORRECT ANSWER: universal life
Universal life is subject to a contract interest rate or a current annual interest rate.
Exam Simulator - 200 Questions Latest Update
2025-2026 200 Questions and 100% Verified
Correct Answers Guaranteed A+
A cease and desist order issued against a producer
- Suspends the producer's certificate or broker's license
- Prevents the producer from receiving commissions
- Prohibits a specific practice listed in the order
- Terminates the producer's appointment with the insurer -CORRECT ANSWER:
Prohibits a specific practice listed in the order
A cease and desist order issued against a producer prohibits a specific practice listed in
the order.
A clause that allows an insurer the right to terminate coverage at any anniversary date
is called a(n)
- conditionally renewability clause
- optional renewability clause
-selective renewability clause
- cancelable clause -CORRECT ANSWER: optional renewability clause
An optional renewability clause allows an insurer the unrestricted right to terminate
coverage at any anniversary or at any premium due date.
A disability elimination period is best described as a
- time deductible
- dollar deductible
- eligibility period
- probation period -CORRECT ANSWER: time deductible
The best way to describe a disability elimination period is a "time deductible"
,A disability income policy can prevent an insured from earning a higher income than if
he/she were working by utilizing
- elimination periods
- probationary periods
- benefit limits
- deductibles -CORRECT ANSWER: benefit limits
To prevent an insured from earning a higher income than if he or she were working,
disability income policies utilize benefit limits.
A dread disease policy is considered to be a type of
-hospital expense policy
- group health insurance policy
-major medical insurance policy
- limited health insurance policy -CORRECT ANSWER: Limited health insurance
A limited health insurance policy provides limited coverage for specific injuries or
illnesses—such as travel accidents, dread diseases and hospital income.
A group Disability Income plan that pays tax-free benefits to covered employees is
considered
- non-contributory
- partially contributory
- group contributory
- fully contributory -CORRECT ANSWER: fully contributory
Fully contributory group plans require the employee to pay all premium cost, therefore,
any benefits received by covered employees are received tax-free.
A group life policy terminates a class of participants. To qualify for an individual policy,
an employee must do which of the following?
,- Prove that he is insurable
- Have been insured at least 5 years
- Apply for the new policy within 30 days
- Pay at least two premiums in advance -CORRECT ANSWER: Have been insured at
least 5 years
To qualify for an individual policy, an employee must have been insured at least 5 years.
A guaranteed issue insurance policy has no
- initial premium requirement
- incontestable period
- waiting period
- medical underwriting -CORRECT ANSWER: medical underwriting
A guaranteed issue policy refers to an insurance policy with no medical underwriting.
A health care provider claim may be settled using which of the following payment
methods?
- Litigation
- Unfair claim settlement
- Fee-for-service
- Prepaid expense -CORRECT ANSWER: Fee-for-service
Fee-for-service is a payment model where services are unbundled and paid for
separately.
A licensee whose name or address changes must notify the Commissioner within
-10 days
-30 days
-45 days
-60 days -CORRECT ANSWER: 30 days
, Licensees must report a change (personal or business) in address or name to the
Commissioner within 30 days of the change.
A life insurance illustration showing future premiums being paid out of nonguaranteed
values must disclose that
- These policy premiums will vanish
- The policy guarantees payment of these premiums
- The policyowner forfeits the option of paying these premiums from other sources
- The policyowner may need to resume premium payments depending on actual results
-CORRECT ANSWER: The policyowner may need to resume premium payments
depending on actual results
A life insurance illustration showing future premiums being paid out of nonguaranteed
values must disclose that the policyowner may need to resume premium payments
depending on actual results.
A life insurance policy becomes incontestable after it has been in force for
-30 days
-6 months
-2 years
-3 years -CORRECT ANSWER: 2 years
The contestable period in Louisiana for life insurance policies is 2 years.
A life insurance policy that is subject to a contract interest rate is referred to as
- adjustable life
- group life
- term life
- universal life -CORRECT ANSWER: universal life
Universal life is subject to a contract interest rate or a current annual interest rate.
