LOUISIANA LIFE AND HEALTH PRE-LICENSING 250
QUESTIONS & CORRECT ANSWERS LATEST 2025
Which type of business insurance is meant to cover the cost of continuing to do
business while the owner is disabled? - ANSWER-Business overhead expense
policy
Which of the following decisions would be a Health Savings Account (HSA)
owner not be able to make? - ANSWER-The amount contributed by the employer
Which of the following is NOT information found a life insurance buyers guide? -
ANSWER-How to take legal action against an insurance company
How often must the Commissioner examine each domestic insurance company? -
ANSWER-every 5 years
In order for a business entity to be licensed as a producer, - ANSWER-a licensed
producer must be designated as responsible for compliance with state insurance
laws
The _______ of coverage describes policy features, benefits, exclusions, and riders
in a long-term care policy. - ANSWER-Outline
Karen, the producer pays for her clients initial premium payment as an incentive
for purchase. This act is considered a: - ANSWER-Rebate
,The Louisiana Life and Health Insurance Guaranty Association - ANSWER-
protects insureds from insurance company insolvency
The renewability provision for an individual long-term care insurance policy must
be located on the policy form's - ANSWER-first page
What is the purpose of the Louisiana Life and Health Insurance Guaranty
Association? - ANSWER-Ensures that claims filed against insolvent insurance
companies will be paid
Which entity regulates claim settlement practices? - ANSWER-State insurance
departments
What is the MINIMUM benefit period that must be offered by a Long-Term Care
policy? - ANSWER-12 months
What kind of insurance provides coverage for one or more necessary or
appropriate diagnostic, preventative, therapeutic, real rehabilitative, maintenance,
or personal care services in a setting other than an acute care unit of a hospital? -
ANSWER-Long-Term Care
Which of the following actions by producer would NOT result in a licensed
suspension or revocation? - ANSWER-Sharing commissions with other licensed
producers
When a Medicare Supplement insurance policy is being replaced, who must sign
the notice of replacement? - ANSWER-The producer and the applicant
Which of the following is NOT a requirement to obtain a Louisiana insurance
producer license? - ANSWER-Must be age 21
, Which of the following unfair trade practices involves a producer who makes
malicious public statements regarding an insurer's financial condition? -
ANSWER-Defamation
Which of these is NOT an Unfair Claims Settlement Practice? - ANSWER-Settling
a claim by arbitration
______ life is designed to pay the balance of a loan if the insured dies before
repayment of the loan. - ANSWER-Credit
Within how many days must a licensee submit a change in address? - ANSWER-
30 days
A life insurance applicant in Louisiana may backdate the application for up to
_____ month(s). - ANSWER-6 months
Within how many days must the producer submit a change in address? -
ANSWER-30 days
A life insurance policy sold in Louisiana can be contested by the insurer only
during the first_____-years of the contract. - ANSWER-Two
A business entity wishing to act as an insurance producer MUST: - ANSWER-
Obtain a producer's license
A cease and desist order: - ANSWER-Forbid I stated practice listed in the order.
QUESTIONS & CORRECT ANSWERS LATEST 2025
Which type of business insurance is meant to cover the cost of continuing to do
business while the owner is disabled? - ANSWER-Business overhead expense
policy
Which of the following decisions would be a Health Savings Account (HSA)
owner not be able to make? - ANSWER-The amount contributed by the employer
Which of the following is NOT information found a life insurance buyers guide? -
ANSWER-How to take legal action against an insurance company
How often must the Commissioner examine each domestic insurance company? -
ANSWER-every 5 years
In order for a business entity to be licensed as a producer, - ANSWER-a licensed
producer must be designated as responsible for compliance with state insurance
laws
The _______ of coverage describes policy features, benefits, exclusions, and riders
in a long-term care policy. - ANSWER-Outline
Karen, the producer pays for her clients initial premium payment as an incentive
for purchase. This act is considered a: - ANSWER-Rebate
,The Louisiana Life and Health Insurance Guaranty Association - ANSWER-
protects insureds from insurance company insolvency
The renewability provision for an individual long-term care insurance policy must
be located on the policy form's - ANSWER-first page
What is the purpose of the Louisiana Life and Health Insurance Guaranty
Association? - ANSWER-Ensures that claims filed against insolvent insurance
companies will be paid
Which entity regulates claim settlement practices? - ANSWER-State insurance
departments
What is the MINIMUM benefit period that must be offered by a Long-Term Care
policy? - ANSWER-12 months
What kind of insurance provides coverage for one or more necessary or
appropriate diagnostic, preventative, therapeutic, real rehabilitative, maintenance,
or personal care services in a setting other than an acute care unit of a hospital? -
ANSWER-Long-Term Care
Which of the following actions by producer would NOT result in a licensed
suspension or revocation? - ANSWER-Sharing commissions with other licensed
producers
When a Medicare Supplement insurance policy is being replaced, who must sign
the notice of replacement? - ANSWER-The producer and the applicant
Which of the following is NOT a requirement to obtain a Louisiana insurance
producer license? - ANSWER-Must be age 21
, Which of the following unfair trade practices involves a producer who makes
malicious public statements regarding an insurer's financial condition? -
ANSWER-Defamation
Which of these is NOT an Unfair Claims Settlement Practice? - ANSWER-Settling
a claim by arbitration
______ life is designed to pay the balance of a loan if the insured dies before
repayment of the loan. - ANSWER-Credit
Within how many days must a licensee submit a change in address? - ANSWER-
30 days
A life insurance applicant in Louisiana may backdate the application for up to
_____ month(s). - ANSWER-6 months
Within how many days must the producer submit a change in address? -
ANSWER-30 days
A life insurance policy sold in Louisiana can be contested by the insurer only
during the first_____-years of the contract. - ANSWER-Two
A business entity wishing to act as an insurance producer MUST: - ANSWER-
Obtain a producer's license
A cease and desist order: - ANSWER-Forbid I stated practice listed in the order.
