LA Life Insurance Series 101 EXAM Questions & Answers | 100% Verified solutions
|Questions with Correct Answers 2025 latest update!!
Terms in this set (108)
Which type of rider pays out a Accidental Death and Dismemberment
capital sum in case an insured
loses a limb or their eyesight?
If a policyowner of a convertible The term policy will be replaced by a permanent life insurance policy
term life insurance policy exercises
his/her right to convert, which of
the following will happen?
Which of the following is NOT a Regulate the replacement of Insurance by the consumer
purpose of the rule regarding
replacement of Life
Insurance?
Which of the following is NOT an Backdating
example of a prohibited
practice?
When demanded, Hearing are held: Within 30 days after the date a hearing is demanded
Which of the following is not a Guaranteed elements must be labeled as such, but non-guaranteed
standard or requirement for an elements need not to be labeled
illustration?
Which of the following statements In lieu of fines, the Commissioner may have a producer imprisoned
is NOT correct? for up to one year.
How many credit hours of continuing 24 ( with at 3 hours in ethics)
education must a producer complete
every renewal period?
Which of the following statements A person may not Opt-Out of HIV testing
is FALSE with respect to HIV
testing?
With regard to examinations, The expense of examination of an insurer or of any person is paid by the
Which of the following Department
statements is NOT correct?
Which of the following Misleading and convincing an insured to surrender, lapse, or
CORRECTLY describes the exchange an existing policy for a different one, to the insured's
practice of Twisting? detriment.
, Which of the following statements An agent who will be transacting business in Louisiana under an
is TRUE with respect to assumed assumed name must notify the Commissioner prior to using the
names? assumed name.
Which of the following statements Accelerated benefits effective for illness immediately upon the effective date.
is FALSE regarding requirements
for accelerated benefits?
An initial privacy notice is NOT A prospective customer
required to be provided to:
When do individual producer April 30th of each even-numbered year.
licenses expire?
Which of the following statements Accelerated benefits must provide for a lump sum benefit option.
is TRUE regarding accelerated
benefits?
With regard to Must conduct a financial examination of an insurer at least once every 5 years.
examinations by the
Commissioner, the
Commissioner:
Which of the following A supplemental illustration must be accompanied by or preceded by
statements is true with respect to a basic illustration.
supplemental illustrations?
|Questions with Correct Answers 2025 latest update!!
Terms in this set (108)
Which type of rider pays out a Accidental Death and Dismemberment
capital sum in case an insured
loses a limb or their eyesight?
If a policyowner of a convertible The term policy will be replaced by a permanent life insurance policy
term life insurance policy exercises
his/her right to convert, which of
the following will happen?
Which of the following is NOT a Regulate the replacement of Insurance by the consumer
purpose of the rule regarding
replacement of Life
Insurance?
Which of the following is NOT an Backdating
example of a prohibited
practice?
When demanded, Hearing are held: Within 30 days after the date a hearing is demanded
Which of the following is not a Guaranteed elements must be labeled as such, but non-guaranteed
standard or requirement for an elements need not to be labeled
illustration?
Which of the following statements In lieu of fines, the Commissioner may have a producer imprisoned
is NOT correct? for up to one year.
How many credit hours of continuing 24 ( with at 3 hours in ethics)
education must a producer complete
every renewal period?
Which of the following statements A person may not Opt-Out of HIV testing
is FALSE with respect to HIV
testing?
With regard to examinations, The expense of examination of an insurer or of any person is paid by the
Which of the following Department
statements is NOT correct?
Which of the following Misleading and convincing an insured to surrender, lapse, or
CORRECTLY describes the exchange an existing policy for a different one, to the insured's
practice of Twisting? detriment.
, Which of the following statements An agent who will be transacting business in Louisiana under an
is TRUE with respect to assumed assumed name must notify the Commissioner prior to using the
names? assumed name.
Which of the following statements Accelerated benefits effective for illness immediately upon the effective date.
is FALSE regarding requirements
for accelerated benefits?
An initial privacy notice is NOT A prospective customer
required to be provided to:
When do individual producer April 30th of each even-numbered year.
licenses expire?
Which of the following statements Accelerated benefits must provide for a lump sum benefit option.
is TRUE regarding accelerated
benefits?
With regard to Must conduct a financial examination of an insurer at least once every 5 years.
examinations by the
Commissioner, the
Commissioner:
Which of the following A supplemental illustration must be accompanied by or preceded by
statements is true with respect to a basic illustration.
supplemental illustrations?
