Xcel Testing Solutions Louisiana Life and Health Insurance
Weighted Final Actual Exam (Louisiana Life & Health
Insurance) Questionbank/Testbank Complete Questions with
Verified Answers
Introduction
This document contains comprehensive practice questions and
verified answers for the Louisiana Life and Health Insurance
Weighted Final Exam. It covers life insurance, health insurance,
annuities, Medicare, Medicaid, disability insurance, Louisiana
insurance laws, ethics, underwriting, policy provisions, and
licensing requirements. The material is designed to reinforce key
exam concepts and help candidates prepare for the Louisiana
Life and Health Insurance licensing examination. It serves as a
valuable study resource for reviewing frequently tested
questions and improving exam readiness.
Exam Questions and Answers
The Louisiana Life and Health Insurance Guaranty Association
was established to protect consumers in the event of an
insurers
- Insolvency
- Demutualization
- Merger with another company
- Sale of part of the company --- correct precise answer ---
Insolvency
The Louisiana Life and Health Insurance Guaranty Association
,was established to protect consumers in the event of an
insurer's insolvency.
In group health care, what is the purpose of the coordination
of benefits provision?
- Determines where an insured goes to receive treatment
- Determines what is paid by the primary and secondary
insurers in the event of a claim
- Ensures that a health provider receives the proper benefit
amount owed
- Determines which parent's plan covers a dependent child ---
correct precise answer ---Determines what is paid by the
primary and secondary insurers in the event of a claim
,The purpose of the coordination of benefits provision in group
health care is to determine what is paid by the primary and
secondary insurers in case of a claim.
Which of the following are the premium payments for a
Universal life policy NOT used for?
- Death benefits
- Cash value
- Loading costs
- Separate account investments --- correct precise answer ---
Separate account investments
Premium payments for a Universal life policy are NOT used
for separate account investments.
Over the course of a year, which premium payment mode is
most expensive?
-Monthly
-Quarterly
-Semi-Annually
-Annually --- correct precise answer ---Monthly
The monthly payment mode is the most expensive over the
course of a year.
A temporary producer's license is effective for
-180 days
-15 months
-1 year
-5 year --- correct precise answer ---180 days
, A temporary producer's license is effective for 180 days.
A group Disability Income plan that pays tax-free benefits to
covered employees is considered
- non-contributory
- partially contributory
- group contributory
- fully contributory --- correct precise answer ---fully
contributory
Fully contributory group plans require the employee to pay
all premium cost, therefore, any benefits received by covered
employees are received tax-free.
Which of the following statements is CORRECT regarding an
individual applying for life or health insurance?
- The applicant waives all privacy rights
- The applicant's family medical history is always required
- The applicant's medical history is irrelevent
- The applicant's medical history may be analyzed and
reported --- correct precise answer ---The applicant's medical
history may be analyzed and reported
To apply for a life or health insurance policy, an applicant's
medical history may be reviewed and reported.
For policyholders in the same risk classification, it is unlawful
to
- Charge different premiums
- Set different policy effective dates
Weighted Final Actual Exam (Louisiana Life & Health
Insurance) Questionbank/Testbank Complete Questions with
Verified Answers
Introduction
This document contains comprehensive practice questions and
verified answers for the Louisiana Life and Health Insurance
Weighted Final Exam. It covers life insurance, health insurance,
annuities, Medicare, Medicaid, disability insurance, Louisiana
insurance laws, ethics, underwriting, policy provisions, and
licensing requirements. The material is designed to reinforce key
exam concepts and help candidates prepare for the Louisiana
Life and Health Insurance licensing examination. It serves as a
valuable study resource for reviewing frequently tested
questions and improving exam readiness.
Exam Questions and Answers
The Louisiana Life and Health Insurance Guaranty Association
was established to protect consumers in the event of an
insurers
- Insolvency
- Demutualization
- Merger with another company
- Sale of part of the company --- correct precise answer ---
Insolvency
The Louisiana Life and Health Insurance Guaranty Association
,was established to protect consumers in the event of an
insurer's insolvency.
In group health care, what is the purpose of the coordination
of benefits provision?
- Determines where an insured goes to receive treatment
- Determines what is paid by the primary and secondary
insurers in the event of a claim
- Ensures that a health provider receives the proper benefit
amount owed
- Determines which parent's plan covers a dependent child ---
correct precise answer ---Determines what is paid by the
primary and secondary insurers in the event of a claim
,The purpose of the coordination of benefits provision in group
health care is to determine what is paid by the primary and
secondary insurers in case of a claim.
Which of the following are the premium payments for a
Universal life policy NOT used for?
- Death benefits
- Cash value
- Loading costs
- Separate account investments --- correct precise answer ---
Separate account investments
Premium payments for a Universal life policy are NOT used
for separate account investments.
Over the course of a year, which premium payment mode is
most expensive?
-Monthly
-Quarterly
-Semi-Annually
-Annually --- correct precise answer ---Monthly
The monthly payment mode is the most expensive over the
course of a year.
A temporary producer's license is effective for
-180 days
-15 months
-1 year
-5 year --- correct precise answer ---180 days
, A temporary producer's license is effective for 180 days.
A group Disability Income plan that pays tax-free benefits to
covered employees is considered
- non-contributory
- partially contributory
- group contributory
- fully contributory --- correct precise answer ---fully
contributory
Fully contributory group plans require the employee to pay
all premium cost, therefore, any benefits received by covered
employees are received tax-free.
Which of the following statements is CORRECT regarding an
individual applying for life or health insurance?
- The applicant waives all privacy rights
- The applicant's family medical history is always required
- The applicant's medical history is irrelevent
- The applicant's medical history may be analyzed and
reported --- correct precise answer ---The applicant's medical
history may be analyzed and reported
To apply for a life or health insurance policy, an applicant's
medical history may be reviewed and reported.
For policyholders in the same risk classification, it is unlawful
to
- Charge different premiums
- Set different policy effective dates
