Exam Simulator- Louisiana Life and
Health State Exam 103 ACTUAL
QUESTIONS AND CORRECT ANSWERS
Louisiana residents who are uninsurable may obtain health coverage through the -
CORRECT ANSWERS✅✅Louisiana Health Insurance Association
What are an applicant's statements concerning occupation, hobbies, and personal health
history regarded as? - CORRECT ANSWERS✅✅Representation
The principle of insurable interest, in regards to a life insurance contract, is accurately
described in which statement? - CORRECT ANSWERS✅✅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? - CORRECT ANSWERS✅✅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? - CORRECT ANSWERS✅✅Claim will be paid
if money was received by the insurance company.
How are annuities given favorable tax treatment? - CORRECT ANSWERS✅✅Gains are
taxed at distribution
Major medical insurance will typically cover medical expenses that result from? - CORRECT
ANSWERS✅✅a negative reaction to prescribed medication
An individual can enroll in a Part C Medicare Advantage Plan at what time? - CORRECT
ANSWERS✅✅When becoming eligible for Medicare
Insurance represents the process of risk - CORRECT ANSWERS✅✅transference
, The focus of major medical insurance is providing coverage for - CORRECT
ANSWERS✅✅medical and hospitalization expenses
A life insurance replacement transaction could result in a(n) - CORRECT
ANSWERS✅✅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 - CORRECT
ANSWERS✅✅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? - CORRECT
ANSWERS✅✅Child term rider
The elimination period under a hospital indemnity plan is? - CORRECT ANSWERS✅✅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 - CORRECT ANSWERS✅✅Changes made by the producer
Which type of multiple protection policy pays on the death of the last person? - CORRECT
ANSWERS✅✅Survivorship Life policy
Insurance companies determine risk exposure by which of the following? - CORRECT
ANSWERS✅✅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? - CORRECT ANSWERS✅✅Increase
the premiums on a individual basis
An insurer may exclude preexisting conditions on a Medicare Supplement policy for ____ -
CORRECT ANSWERS✅✅6
Health State Exam 103 ACTUAL
QUESTIONS AND CORRECT ANSWERS
Louisiana residents who are uninsurable may obtain health coverage through the -
CORRECT ANSWERS✅✅Louisiana Health Insurance Association
What are an applicant's statements concerning occupation, hobbies, and personal health
history regarded as? - CORRECT ANSWERS✅✅Representation
The principle of insurable interest, in regards to a life insurance contract, is accurately
described in which statement? - CORRECT ANSWERS✅✅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? - CORRECT ANSWERS✅✅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? - CORRECT ANSWERS✅✅Claim will be paid
if money was received by the insurance company.
How are annuities given favorable tax treatment? - CORRECT ANSWERS✅✅Gains are
taxed at distribution
Major medical insurance will typically cover medical expenses that result from? - CORRECT
ANSWERS✅✅a negative reaction to prescribed medication
An individual can enroll in a Part C Medicare Advantage Plan at what time? - CORRECT
ANSWERS✅✅When becoming eligible for Medicare
Insurance represents the process of risk - CORRECT ANSWERS✅✅transference
, The focus of major medical insurance is providing coverage for - CORRECT
ANSWERS✅✅medical and hospitalization expenses
A life insurance replacement transaction could result in a(n) - CORRECT
ANSWERS✅✅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 - CORRECT
ANSWERS✅✅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? - CORRECT
ANSWERS✅✅Child term rider
The elimination period under a hospital indemnity plan is? - CORRECT ANSWERS✅✅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 - CORRECT ANSWERS✅✅Changes made by the producer
Which type of multiple protection policy pays on the death of the last person? - CORRECT
ANSWERS✅✅Survivorship Life policy
Insurance companies determine risk exposure by which of the following? - CORRECT
ANSWERS✅✅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? - CORRECT ANSWERS✅✅Increase
the premiums on a individual basis
An insurer may exclude preexisting conditions on a Medicare Supplement policy for ____ -
CORRECT ANSWERS✅✅6
