Louisiana Laws and Rules with correct answers 100%

Louisiana Laws and Rules with correct answers 100% Which of the following statements about the contestability of a life insurance policy is true? - Correct Answer the policy can be contested by the insurer only during the first two years of the contract The Louisiana Life and Health Insurance Guaranty Association was established to protect consumers in the event of an insurer's - Correct Answer Insolvency Under Louisiana law, the agreement between an insurance producer and insurer under which the insurance producer, for compensation, may sell, solicit, or negotiate policies issued by the insurer is defined as - Correct Answer an appointment If a producer chooses to conduct business under an assumed name, when must notification be given to the Commissioner? - Correct Answer Prior to using the assumed name A health insurance policy covers the insured, the insured's spouse, and their child. If additional children are born to the family, the health insurance policy must cover the children - Correct Answer From the date of birth Which statement is true regarding Louisiana's continuing education requirements for licensed producers? - Correct Answer A producer must meet specified course requirements within a two-year period To receive an insurance license an applicant must - Correct Answer Apply for the license after passing the appropriate examination An insurance producer is BEST defined as - Correct Answer a person who has a contract with an insurance company to represent it A licensee whose name or address changes must notify the Commissioner within - Correct Answer 30 days Under Louisiana standards for marketing long-term care coverage, all of these are prohibited sales practices EXCEPT - Correct Answer Replacing existing coverage In order to solicit insurance, an individual MUST achieve all of the following EXCEPT - Correct Answer be at least 21 years of age An insurer need NOT pay interest on death benefits if the proceeds of the life policy are paid within - Correct Answer 20 days after the date of the death of the insured Agreements made by terminally ill persons to sell their life insurance policies at a discount in order to pay medical expenses are called - Correct Answer Viatical settlements After completing an application for insurance, the insurance producer collects the premiums but deposits the check in the insurance producer's checking account. What crime has been committed? - Correct Answer Fraud An insurance producer is one who may do all of the following EXCEPT - Correct Answer Underwrite insurance contracts When may a producer first solicit insurance? - Correct Answer When appointed by an insurer How are health plans classified according to the Affordable Care Act? - Correct Answer Bronze, Silver, Gold, Platinum When a Medicare supplement policy is purchased during the open enrollment period - Correct Answer the policy must be issued regardless of health status Which license is REQUIRED in order to solicit Long Term Care insurance in the State of Louisiana? - Correct Answer Health Insurance Producer License A form of medical health insurance covering the treatment and care of gum disease is called - Correct Answer Dental expense insurance In health insurance, the insured must furnish written proof of loss to the insurer within - Correct Answer 90 days of the occurrence of the loss