Louisiana Life, Accident and Health Practice
Exam Test Questions & Answers Latest Update
2025-2026 880 Questions and 100% Verified
Correct Answers Guaranteed A+
________ is the legal process used to stop someone from trying to get a right or
privilege back that they have already waived. - CORRECT ANSWER: Estoppel
___________ are quite popular and allow employees to decrease their taxable wages
by moving income to the plan before it is taxed as income, and in some cases, the
money may be matched on some level by the employer on a regular, systematic basis. -
CORRECT ANSWER: 401(k)'s
____________ is a common exclusion from coverage that is listed on a health
insurance policy. - CORRECT ANSWER: War or act of war
_____________ - when a producer influences a consumer to replace a present policy
with a different one. This is only acceptable if the producer gave the consumer better
coverage or a better deal. - CORRECT ANSWER: Twisting
_____________ benefit - this replaces income in direct proportion to the income loss
due to the total disability the person experienced. - CORRECT ANSWER: Residual
disability
_______________ - groups of employers that join together to share the risk of self-
insurance. - CORRECT ANSWER: Multiple-Employer Welfare Arrangements (MEWAs)
________________ - allows for terminated employees and/or their families to keep their
coverage after qualifying events: resignation, downsizing, or layoff (if fired for
misconduct, a person is ineligible), status change from full to part time. - CORRECT
ANSWER: COBRA
,________________ - to protect the insurer from adverse selection, they may decline
certain risks, rate some persons higher than others due to risks, or exclude certain
coverages. - CORRECT ANSWER: Policy issuance alternatives
________________ policies cover disabilities resulting from events off the job only, and
expect the disabilities that occur on the job to be covered by available Workers
Compensation. - CORRECT ANSWER: Non-occupational
____________________ - preventative services would be on a usual, customary pay
basis and other services would be a paid fee-for-service. - CORRECT ANSWER:
Combination Plans
____________________ - tax-sheltered annuities (TSAs) - also called tax-deferred
annuities (TDAs), are specifically structured for non-profit organizations and schools
under the rules set forth by the IRS code section 501(c)(3) with the same contribution
maximum and 'catch up' allowances as 401(k)'s. - CORRECT ANSWER: 403(b)
________________________ - are attached to a high deductible health plan that
employers contribute to for their employees so that they may use the funds for IRS
approved medical expenses. - CORRECT ANSWER: MSA's
___________________________ states that anyone working in insurance that affects
interstate commerce must receive written authority to work in insurance from a
regulatory - Commissioner, Deputy Commissioner, etc. - CORRECT ANSWER: The
Violent Crime Control and Law Enforcement Act of 1994
__________________, IRA's for smaller operations with a limited amount of employees,
according to the current year rules from the IRS. The employee opens an account and
the employer contributes up to 25% of their income or $49,000.00 for the year,
whichever is less. - CORRECT ANSWER: Simplified employee pension (SEPs)
,________________, a self-employed person or a partner with 10% or more interest in
the business can contribute to this type of plan up to all of their earned income or
$49,000, whichever is less, and the contribution is tax deductible. - CORRECT
ANSWER: HR/10 or Keogh plan
"The inability to perform the duties of any occupation for which one is suited by reason
of education, training, experience, or prior economic status." This is definition of total
disability in a disability income policy is considered: - CORRECT ANSWER: 1. An "any
occupation" definition / more restrictive
may not pay benefits (less expensive)
3 channels of insurance business - CORRECT ANSWER: federal regulation
state regulation
self-regulation
3 types of insurers - CORRECT ANSWER: private commercial
private noncommercial
US government
A 35 year old insureds five year level term policy will probably renew to a - CORRECT
ANSWER: 5 Year level term with age 40 Limit
A basic vision care package includes all of the following except
safety glasses - CORRECT ANSWER: Safety glasses
A basic vision care package includes all of the following EXCEPT? - CORRECT
ANSWER: Safety glasses
, A beneficiary has just received a claim payment for a life insurance policy. Which of the
following is TRUE regarding the federal income tax liability owed? - CORRECT
ANSWER: No federal income tax is owed on life insurance proceeds
A cease and desist order issued against a producer - CORRECT ANSWER: Prohibits a
specific practice listed in the order
A consumer report used to determine eligibility for insurance may include all of the
following except? - CORRECT ANSWER: Medical underwriting exam
A consumer report used to determine eligibility for insurance may include all of the
following EXCEPT? - CORRECT ANSWER: Medical Underwriting exam
A disability policy is issued and premiums are paid on an annual basis on the 1st of
January. At the first anniversary, the insured decides they do not want to renew the
policy and they do not pay the premium. On the 8th day after the premium due date, the
insured submits a claim for medical expenses. How will the company respond to the
claim? - CORRECT ANSWER: It will be paid because the loss occurred with the grace
period
A dishonest act or fraud would be considered a(n)____________. - CORRECT
ANSWER: Moral hazard
A District Court Judge found James, a producer, guilty of a misdemeanor petty theft.
James must - CORRECT ANSWER: Report the ruling to the Commissioner within 30
days.
A family life insurance policy that provides coverage for Children may be converted to
permanent insurance for the children, but evidence of insurability is required? -
CORRECT ANSWER: False
Exam Test Questions & Answers Latest Update
2025-2026 880 Questions and 100% Verified
Correct Answers Guaranteed A+
________ is the legal process used to stop someone from trying to get a right or
privilege back that they have already waived. - CORRECT ANSWER: Estoppel
___________ are quite popular and allow employees to decrease their taxable wages
by moving income to the plan before it is taxed as income, and in some cases, the
money may be matched on some level by the employer on a regular, systematic basis. -
CORRECT ANSWER: 401(k)'s
____________ is a common exclusion from coverage that is listed on a health
insurance policy. - CORRECT ANSWER: War or act of war
_____________ - when a producer influences a consumer to replace a present policy
with a different one. This is only acceptable if the producer gave the consumer better
coverage or a better deal. - CORRECT ANSWER: Twisting
_____________ benefit - this replaces income in direct proportion to the income loss
due to the total disability the person experienced. - CORRECT ANSWER: Residual
disability
_______________ - groups of employers that join together to share the risk of self-
insurance. - CORRECT ANSWER: Multiple-Employer Welfare Arrangements (MEWAs)
________________ - allows for terminated employees and/or their families to keep their
coverage after qualifying events: resignation, downsizing, or layoff (if fired for
misconduct, a person is ineligible), status change from full to part time. - CORRECT
ANSWER: COBRA
,________________ - to protect the insurer from adverse selection, they may decline
certain risks, rate some persons higher than others due to risks, or exclude certain
coverages. - CORRECT ANSWER: Policy issuance alternatives
________________ policies cover disabilities resulting from events off the job only, and
expect the disabilities that occur on the job to be covered by available Workers
Compensation. - CORRECT ANSWER: Non-occupational
____________________ - preventative services would be on a usual, customary pay
basis and other services would be a paid fee-for-service. - CORRECT ANSWER:
Combination Plans
____________________ - tax-sheltered annuities (TSAs) - also called tax-deferred
annuities (TDAs), are specifically structured for non-profit organizations and schools
under the rules set forth by the IRS code section 501(c)(3) with the same contribution
maximum and 'catch up' allowances as 401(k)'s. - CORRECT ANSWER: 403(b)
________________________ - are attached to a high deductible health plan that
employers contribute to for their employees so that they may use the funds for IRS
approved medical expenses. - CORRECT ANSWER: MSA's
___________________________ states that anyone working in insurance that affects
interstate commerce must receive written authority to work in insurance from a
regulatory - Commissioner, Deputy Commissioner, etc. - CORRECT ANSWER: The
Violent Crime Control and Law Enforcement Act of 1994
__________________, IRA's for smaller operations with a limited amount of employees,
according to the current year rules from the IRS. The employee opens an account and
the employer contributes up to 25% of their income or $49,000.00 for the year,
whichever is less. - CORRECT ANSWER: Simplified employee pension (SEPs)
,________________, a self-employed person or a partner with 10% or more interest in
the business can contribute to this type of plan up to all of their earned income or
$49,000, whichever is less, and the contribution is tax deductible. - CORRECT
ANSWER: HR/10 or Keogh plan
"The inability to perform the duties of any occupation for which one is suited by reason
of education, training, experience, or prior economic status." This is definition of total
disability in a disability income policy is considered: - CORRECT ANSWER: 1. An "any
occupation" definition / more restrictive
may not pay benefits (less expensive)
3 channels of insurance business - CORRECT ANSWER: federal regulation
state regulation
self-regulation
3 types of insurers - CORRECT ANSWER: private commercial
private noncommercial
US government
A 35 year old insureds five year level term policy will probably renew to a - CORRECT
ANSWER: 5 Year level term with age 40 Limit
A basic vision care package includes all of the following except
safety glasses - CORRECT ANSWER: Safety glasses
A basic vision care package includes all of the following EXCEPT? - CORRECT
ANSWER: Safety glasses
, A beneficiary has just received a claim payment for a life insurance policy. Which of the
following is TRUE regarding the federal income tax liability owed? - CORRECT
ANSWER: No federal income tax is owed on life insurance proceeds
A cease and desist order issued against a producer - CORRECT ANSWER: Prohibits a
specific practice listed in the order
A consumer report used to determine eligibility for insurance may include all of the
following except? - CORRECT ANSWER: Medical underwriting exam
A consumer report used to determine eligibility for insurance may include all of the
following EXCEPT? - CORRECT ANSWER: Medical Underwriting exam
A disability policy is issued and premiums are paid on an annual basis on the 1st of
January. At the first anniversary, the insured decides they do not want to renew the
policy and they do not pay the premium. On the 8th day after the premium due date, the
insured submits a claim for medical expenses. How will the company respond to the
claim? - CORRECT ANSWER: It will be paid because the loss occurred with the grace
period
A dishonest act or fraud would be considered a(n)____________. - CORRECT
ANSWER: Moral hazard
A District Court Judge found James, a producer, guilty of a misdemeanor petty theft.
James must - CORRECT ANSWER: Report the ruling to the Commissioner within 30
days.
A family life insurance policy that provides coverage for Children may be converted to
permanent insurance for the children, but evidence of insurability is required? -
CORRECT ANSWER: False
