Life,gHealth,gandgAccidentgInsurancegExamgLouisianag
@g2023
Angagentgisgcompletinggangapplicationgforgaglong-
termgcaregpolicy.gThegagentgisgrequiredgtogdogallgofgthegfollowinggEXCEPT
(Choosegfromgthegfollowinggoptions)
1. Warngthegapplicantgaboutgtheg10-daygfree-lookgperiod.
2. Makegsuregthegpolicygisgappropriategforgthegapplicant'sgneeds.
3. ProvidegthegapplicantgwithgthegOutlinegofgCoverage.
4. AskgwheregthegapplicantghasganothergLTCgpolicygingforce.g-gANSWER
Warngthegapplicantgaboutgtheg10-daygfree-lookgperiod.
AnginsuredghasgangAccidentalgDeathg&gDismembermentgpolicygwithgagprincipalgvaluegof
$50,000.gHeglosesgsightgingbothgeyesgingaghuntinggaccident.gHowgmuchgwillghegreceive?g(
Choosegfromgthegfollowinggoptions)
1. $25,000
2. $0
3. $50,000
4. $100,000g-g ANSWER $50,000
Thegpolicygwillgusuallygpaygthegprincipalgamountgforgtheglossgofgbothgeyes,gorgtwogorgmo
reglimbs.
AtgwhatgagegmaygangindividualgmakegwithdrawalsgfromgangHSAgforgnonhealthgpurposesgw
ithoutgbeinggpenalized?
(Choosegfromgthegfollowinggoptions)
1.g55
2.g59g1/2
3.g62
4.g65g-g ANSWER 65
Aftergageg65,gagwithdrawalgfromgangHSAgusedgforgagnonhealthgpurposesgwillgbegwithoutga
,penalty,galthoughgtaxed.
WhichgofgthegfollowinggisgNOTgtruegregardingguniformgmandatorygprovisionsgconcerning
gclaims?
(Choosegfromgthegfollowinggoptions)
1. Ifgtheginsuredgisg2gyearsglategingfilinggagproofgofgloss,gthegclaimgcangbegdenied.
2. Anginsuredgmustgnotifygtheginsurergofgagclaimgongformsgprescribedgbygtheginsurer.
3. Ifgtheginsuredgisgseveralgdaysglategingfilinggproofgofglossgform,gthegclaimgcannotg
begdeniedgifgtheginsuredgcangshowggoodgcause.
4. Theginsuredgisgcustomarilygrequiredgtoggivegnoticegofgclaimgwithing20gdays.g-
gANSWERgAnginsuredgmustgnotifygtheginsurergofgagclaimgongformsgprescribedgbygthegin
surer.
Ifgformsgaregnotgfurnished,gwrittengproofgofgthegoccurrence,gnaturegofgthegloss,gandgexten
tgofglossgmustgbegsubmittedgtogtheginsurer.
Thegprovisiongingaghealthginsurancegpolicygthatgensuresgthatgtheginsurergcannotgrefergtog
anygdocumentgthatgisgnotgcontainedgingthegcontractgisgthe
(Choosegfromgthegfollowinggoptions)
1. Timeglimitgongcertaingdefensesgclause.
2. Incontestabilitygclause.
3. Legalgactiongagainstgusgclause.
4. Entiregcontractgclause.g-g ANSWER Entiregcontractgclause.
Entiregcontractgisgagmandatorygprovisiongthatgisgrequiredgbyglaw.
Thegamountgofgdisabilitygbenefitsgthatganginsuredgreceivesgoftengdependsgupongtheginsur
ed's
(Choosegfromgthegfollowinggoptions)
1. Incomegatgthegtimegofgthegapplication.
2. Maritalgstatusgatgthegtimegofgthegapplication.
3. Numbergofgchildrengatgthegtimegofgthegapplication.
4. Medicalghistorygatgthegtimegofgthegapplication.g-gANSWER
Incomegatgthegtimegofgthegapplication.
AgproducerghasgbeengnotifiedgbygthegCommissionergtogstopgusinggangunapprovedgtradegn
ame.gHowgmanygdaysgdoesgthegproducerghavegtogchangegthegtradegnamegbeforegfacinggag
fine?
, (Choosegfromgthegfollowinggoptions)
1. 30gdays
2. Thegnamegmustgbegchangedgimmediately.
3. 5gbusinessgdays
4. 10gdaysg-g ANSWER 10gdays
Agproducergwhogcontinuesgtogusegagunapprovedgtradegnamegforg10gorgmoregdaysgaftergb
einggnotifiedgwillgfacegagfinegofgupgtog$5,000.
Whatgwasgcreatedgtogkeepgtelemarketersgfromgcallinggconsumersgwhogdognotgwishgconta
cted?
(Choosegfromgthegfollowinggoptions)
1. CallgControlgRegistry
2. NationalgDogNotgCallgRegistry
3. ConfidentialgNogCallgAct
4. FreedomgofgInformationgActg-g ANSWER NationalgDogNotgCallgRegistry
ThegNationalgDogNotgCallgRegistrygwasgcreatedgtogallowgconsumersgthegchoicegtognotgbeg
contactedgbygtelemarketers
Regardingglong-
termgcaregpolicies,gwhichgofgthegfollowinggwouldgNOTgbegincludedgingactivitiesgofgdailygliv
ing?
(Choosegfromgthegfollowinggoptions)
1. Eating
2. Sleeping
3. Bathing
4. Dressingg-g ANSWER Sleeping
Normallygtogbegeligiblegforgbenefitsgfromgaglong-
termgcaregpolicy,gtheginsuredgmustgbegunablegtogperformgsomegofgtheirgactivitiesgofgdailyg
livingg(ADLs).gADLsgincludegbathing,gdressing,gtoileting,gtransferringg(orgmobility),gcontin
ence,gandgeating.
Whichgofgthegfollowinggisgtruegregardinggagsingleglifegsettlementgoption?g(Cho
osegfromgthegfollowinggoptions)
1. Paymentsgcontinueguntilgthegentiregprincipalgisgexhausted.
, 2. Proceedsgaregpaidgoutgingaglumpgsum.
3. Itgprovidesgincomegforgagspecifiedgperiodgofgtime.
4. Itgprovidesgincomegthegbeneficiarygcannotgoutlive.g-gANSWER
Itgprovidesgincomegthegbeneficiarygcannotgoutlive.
ThegSinglegLifegOptiongcangprovidegagsinglegbeneficiarygincomegforgthegrestgofghis/herglife
.gUpongthegdeathgofgthegbeneficiary,gthegpaymentsgstop.
Whichgofgthegfollowinggreportsgwillgprovidegthegunderwritergwithgtheginformationgaboutga
nginsurancegapplicant'sgcredit?
(Choosegfromgthegfollowinggoptions)
1. Inspectiongreport
2. Agent'sgreport
3. Anygfederalgreport
4. Consumergreportg-g ANSWER Consumergreport
Consumergreportsgincludegwrittengand/orgoralginformationgregardinggagconsumer'sgcredi
t,gcharacter,greputation,gorghabitsgcollectedgbygagreportinggagencygfromgemploymentgrec
ords,gcreditgreports,gandgothergpublicgsources
Anginsurancegcompanygforwardsgfixedgannuitygpremiumsgtogtheirggeneralgaccount,gwher
egthegmoneygisginvested.gThegguaranteedgminimumginterestgisgsetgatg3%.gDuringgang econ
omicgdownswing,gtheginvestmentsgonlygdrewg2.5%.gWhatginterestgrategwillgtheginsurergpa
ygtogitsgpolicyholders?
(Choosegfromgthegfollowinggoptions)
1. 3%gthisgpayment.gThegoverpaymentgthisgtimegwillgbegsubtractedgfromgthegnextgtimegt
hegrategexceedsg3%.
2. 3%gregardlessgofgwhatgtheginvestmentgdrawsgsincegthat'sgthegguaranteedgrate
3. 2.5%
4. 3%g-g ANSWER 3%
Insurancegcompaniesgpromisegguaranteedgminimumsgongthegfixedgannuitiesg(3%gingthisg
scenario).gThisgmeansgthatgifgtheginvestmentsgdrawglessgthang3%,gthegcompanygwillghaveg
togpayg3%ganyway.gIfgtheginvestmentsgearngoverg3%,gthegcompanygwillgpaygthatgexcess.
Inglong-
termgcareg(LTC)gpolicies,gasgthegbenefitgperiodglengthens,gthegpremiumg(Choo
segfromgthegfollowinggoptions)
1. LTCgpremiumsgaregnotgbasedgongbenefitgperiods.
@g2023
Angagentgisgcompletinggangapplicationgforgaglong-
termgcaregpolicy.gThegagentgisgrequiredgtogdogallgofgthegfollowinggEXCEPT
(Choosegfromgthegfollowinggoptions)
1. Warngthegapplicantgaboutgtheg10-daygfree-lookgperiod.
2. Makegsuregthegpolicygisgappropriategforgthegapplicant'sgneeds.
3. ProvidegthegapplicantgwithgthegOutlinegofgCoverage.
4. AskgwheregthegapplicantghasganothergLTCgpolicygingforce.g-gANSWER
Warngthegapplicantgaboutgtheg10-daygfree-lookgperiod.
AnginsuredghasgangAccidentalgDeathg&gDismembermentgpolicygwithgagprincipalgvaluegof
$50,000.gHeglosesgsightgingbothgeyesgingaghuntinggaccident.gHowgmuchgwillghegreceive?g(
Choosegfromgthegfollowinggoptions)
1. $25,000
2. $0
3. $50,000
4. $100,000g-g ANSWER $50,000
Thegpolicygwillgusuallygpaygthegprincipalgamountgforgtheglossgofgbothgeyes,gorgtwogorgmo
reglimbs.
AtgwhatgagegmaygangindividualgmakegwithdrawalsgfromgangHSAgforgnonhealthgpurposesgw
ithoutgbeinggpenalized?
(Choosegfromgthegfollowinggoptions)
1.g55
2.g59g1/2
3.g62
4.g65g-g ANSWER 65
Aftergageg65,gagwithdrawalgfromgangHSAgusedgforgagnonhealthgpurposesgwillgbegwithoutga
,penalty,galthoughgtaxed.
WhichgofgthegfollowinggisgNOTgtruegregardingguniformgmandatorygprovisionsgconcerning
gclaims?
(Choosegfromgthegfollowinggoptions)
1. Ifgtheginsuredgisg2gyearsglategingfilinggagproofgofgloss,gthegclaimgcangbegdenied.
2. Anginsuredgmustgnotifygtheginsurergofgagclaimgongformsgprescribedgbygtheginsurer.
3. Ifgtheginsuredgisgseveralgdaysglategingfilinggproofgofglossgform,gthegclaimgcannotg
begdeniedgifgtheginsuredgcangshowggoodgcause.
4. Theginsuredgisgcustomarilygrequiredgtoggivegnoticegofgclaimgwithing20gdays.g-
gANSWERgAnginsuredgmustgnotifygtheginsurergofgagclaimgongformsgprescribedgbygthegin
surer.
Ifgformsgaregnotgfurnished,gwrittengproofgofgthegoccurrence,gnaturegofgthegloss,gandgexten
tgofglossgmustgbegsubmittedgtogtheginsurer.
Thegprovisiongingaghealthginsurancegpolicygthatgensuresgthatgtheginsurergcannotgrefergtog
anygdocumentgthatgisgnotgcontainedgingthegcontractgisgthe
(Choosegfromgthegfollowinggoptions)
1. Timeglimitgongcertaingdefensesgclause.
2. Incontestabilitygclause.
3. Legalgactiongagainstgusgclause.
4. Entiregcontractgclause.g-g ANSWER Entiregcontractgclause.
Entiregcontractgisgagmandatorygprovisiongthatgisgrequiredgbyglaw.
Thegamountgofgdisabilitygbenefitsgthatganginsuredgreceivesgoftengdependsgupongtheginsur
ed's
(Choosegfromgthegfollowinggoptions)
1. Incomegatgthegtimegofgthegapplication.
2. Maritalgstatusgatgthegtimegofgthegapplication.
3. Numbergofgchildrengatgthegtimegofgthegapplication.
4. Medicalghistorygatgthegtimegofgthegapplication.g-gANSWER
Incomegatgthegtimegofgthegapplication.
AgproducerghasgbeengnotifiedgbygthegCommissionergtogstopgusinggangunapprovedgtradegn
ame.gHowgmanygdaysgdoesgthegproducerghavegtogchangegthegtradegnamegbeforegfacinggag
fine?
, (Choosegfromgthegfollowinggoptions)
1. 30gdays
2. Thegnamegmustgbegchangedgimmediately.
3. 5gbusinessgdays
4. 10gdaysg-g ANSWER 10gdays
Agproducergwhogcontinuesgtogusegagunapprovedgtradegnamegforg10gorgmoregdaysgaftergb
einggnotifiedgwillgfacegagfinegofgupgtog$5,000.
Whatgwasgcreatedgtogkeepgtelemarketersgfromgcallinggconsumersgwhogdognotgwishgconta
cted?
(Choosegfromgthegfollowinggoptions)
1. CallgControlgRegistry
2. NationalgDogNotgCallgRegistry
3. ConfidentialgNogCallgAct
4. FreedomgofgInformationgActg-g ANSWER NationalgDogNotgCallgRegistry
ThegNationalgDogNotgCallgRegistrygwasgcreatedgtogallowgconsumersgthegchoicegtognotgbeg
contactedgbygtelemarketers
Regardingglong-
termgcaregpolicies,gwhichgofgthegfollowinggwouldgNOTgbegincludedgingactivitiesgofgdailygliv
ing?
(Choosegfromgthegfollowinggoptions)
1. Eating
2. Sleeping
3. Bathing
4. Dressingg-g ANSWER Sleeping
Normallygtogbegeligiblegforgbenefitsgfromgaglong-
termgcaregpolicy,gtheginsuredgmustgbegunablegtogperformgsomegofgtheirgactivitiesgofgdailyg
livingg(ADLs).gADLsgincludegbathing,gdressing,gtoileting,gtransferringg(orgmobility),gcontin
ence,gandgeating.
Whichgofgthegfollowinggisgtruegregardinggagsingleglifegsettlementgoption?g(Cho
osegfromgthegfollowinggoptions)
1. Paymentsgcontinueguntilgthegentiregprincipalgisgexhausted.
, 2. Proceedsgaregpaidgoutgingaglumpgsum.
3. Itgprovidesgincomegforgagspecifiedgperiodgofgtime.
4. Itgprovidesgincomegthegbeneficiarygcannotgoutlive.g-gANSWER
Itgprovidesgincomegthegbeneficiarygcannotgoutlive.
ThegSinglegLifegOptiongcangprovidegagsinglegbeneficiarygincomegforgthegrestgofghis/herglife
.gUpongthegdeathgofgthegbeneficiary,gthegpaymentsgstop.
Whichgofgthegfollowinggreportsgwillgprovidegthegunderwritergwithgtheginformationgaboutga
nginsurancegapplicant'sgcredit?
(Choosegfromgthegfollowinggoptions)
1. Inspectiongreport
2. Agent'sgreport
3. Anygfederalgreport
4. Consumergreportg-g ANSWER Consumergreport
Consumergreportsgincludegwrittengand/orgoralginformationgregardinggagconsumer'sgcredi
t,gcharacter,greputation,gorghabitsgcollectedgbygagreportinggagencygfromgemploymentgrec
ords,gcreditgreports,gandgothergpublicgsources
Anginsurancegcompanygforwardsgfixedgannuitygpremiumsgtogtheirggeneralgaccount,gwher
egthegmoneygisginvested.gThegguaranteedgminimumginterestgisgsetgatg3%.gDuringgang econ
omicgdownswing,gtheginvestmentsgonlygdrewg2.5%.gWhatginterestgrategwillgtheginsurergpa
ygtogitsgpolicyholders?
(Choosegfromgthegfollowinggoptions)
1. 3%gthisgpayment.gThegoverpaymentgthisgtimegwillgbegsubtractedgfromgthegnextgtimegt
hegrategexceedsg3%.
2. 3%gregardlessgofgwhatgtheginvestmentgdrawsgsincegthat'sgthegguaranteedgrate
3. 2.5%
4. 3%g-g ANSWER 3%
Insurancegcompaniesgpromisegguaranteedgminimumsgongthegfixedgannuitiesg(3%gingthisg
scenario).gThisgmeansgthatgifgtheginvestmentsgdrawglessgthang3%,gthegcompanygwillghaveg
togpayg3%ganyway.gIfgtheginvestmentsgearngoverg3%,gthegcompanygwillgpaygthatgexcess.
Inglong-
termgcareg(LTC)gpolicies,gasgthegbenefitgperiodglengthens,gthegpremiumg(Choo
segfromgthegfollowinggoptions)
1. LTCgpremiumsgaregnotgbasedgongbenefitgperiods.
