Louisiana Laws Life/Health Insurance Exam Questions and Verified Answers Graded A+
2026/27
An agent is completing an application for a long-term care policy. The agent is required to do all
of the following EXCEPT
(Choose from the following options)
1. Warn the applicant about the 10-day free-look period.
2. Make sure the policy is appropriate for the applicant's needs.
3. Provide the applicant with the Outline of Coverage.
4. Ask where the applicant has another LTC policy in force. - Warn the applicant about the
10-day free-look period.
An insured has an Accidental Death & Dismemberment policy with a principal value of $50,000.
He loses sight in both eyes in a hunting accident. How much will he receive?
(Choose from the following options)
1. $25,000
2. $0
3. $50,000
4. $100,000 - $50,000
,The policy will usually pay the principal amount for the loss of both eyes, or two or more limbs.
At what age may an individual make withdrawals from an HSA for nonhealth purposes without
being penalized?
(Choose from the following options)
1. 55
2. 59 1/2
3. 62
4. 65 - 65
After age 65, a withdrawal from an HSA used for a nonhealth purposes will be without a penalty,
although taxed.
Which of the following is NOT true regarding uniform mandatory provisions concerning claims?
(Choose from the following options)
1. If the insured is 2 years late in filing a proof of loss, the claim can be denied.
2. An insured must notify the insurer of a claim on forms prescribed by the insurer.
3. If the insured is several days late in filing proof of loss form, the claim cannot be denied if the
insured can show good cause.
,4. The insured is customarily required to give notice of claim within 20 days. - An insured
must notify the insurer of a claim on forms prescribed by the insurer.
If forms are not furnished, written proof of the occurrence, nature of the loss, and extent of loss
must be submitted to the insurer.
The provision in a health insurance policy that ensures that the insurer cannot refer to any
document that is not contained in the contract is the
(Choose from the following options)
1. Time limit on certain defenses clause.
2. Incontestability clause.
3. Legal action against us clause.
4. Entire contract clause. - Entire contract clause.
Entire contract is a mandatory provision that is required by law.
The amount of disability benefits that an insured receives often depends upon the insured's
(Choose from the following options)
1. Income at the time of the application.
, 2. Marital status at the time of the application.
3. Number of children at the time of the application.
4. Medical history at the time of the application. - Income at the time of the application.
A producer has been notified by the Commissioner to stop using an unapproved trade name. How
many days does the producer have to change the trade name before facing a fine?
(Choose from the following options)
1. 30 days
2. The name must be changed immediately.
3. 5 business days
4. 10 days - 10 days
A producer who continues to use a unapproved trade name for 10 or more days after being
notified will face a fine of up to $5,000.
What was created to keep telemarketers from calling consumers who do not wish contacted?
(Choose from the following options)
1. Call Control Registry
2. National Do Not Call Registry
2026/27
An agent is completing an application for a long-term care policy. The agent is required to do all
of the following EXCEPT
(Choose from the following options)
1. Warn the applicant about the 10-day free-look period.
2. Make sure the policy is appropriate for the applicant's needs.
3. Provide the applicant with the Outline of Coverage.
4. Ask where the applicant has another LTC policy in force. - Warn the applicant about the
10-day free-look period.
An insured has an Accidental Death & Dismemberment policy with a principal value of $50,000.
He loses sight in both eyes in a hunting accident. How much will he receive?
(Choose from the following options)
1. $25,000
2. $0
3. $50,000
4. $100,000 - $50,000
,The policy will usually pay the principal amount for the loss of both eyes, or two or more limbs.
At what age may an individual make withdrawals from an HSA for nonhealth purposes without
being penalized?
(Choose from the following options)
1. 55
2. 59 1/2
3. 62
4. 65 - 65
After age 65, a withdrawal from an HSA used for a nonhealth purposes will be without a penalty,
although taxed.
Which of the following is NOT true regarding uniform mandatory provisions concerning claims?
(Choose from the following options)
1. If the insured is 2 years late in filing a proof of loss, the claim can be denied.
2. An insured must notify the insurer of a claim on forms prescribed by the insurer.
3. If the insured is several days late in filing proof of loss form, the claim cannot be denied if the
insured can show good cause.
,4. The insured is customarily required to give notice of claim within 20 days. - An insured
must notify the insurer of a claim on forms prescribed by the insurer.
If forms are not furnished, written proof of the occurrence, nature of the loss, and extent of loss
must be submitted to the insurer.
The provision in a health insurance policy that ensures that the insurer cannot refer to any
document that is not contained in the contract is the
(Choose from the following options)
1. Time limit on certain defenses clause.
2. Incontestability clause.
3. Legal action against us clause.
4. Entire contract clause. - Entire contract clause.
Entire contract is a mandatory provision that is required by law.
The amount of disability benefits that an insured receives often depends upon the insured's
(Choose from the following options)
1. Income at the time of the application.
, 2. Marital status at the time of the application.
3. Number of children at the time of the application.
4. Medical history at the time of the application. - Income at the time of the application.
A producer has been notified by the Commissioner to stop using an unapproved trade name. How
many days does the producer have to change the trade name before facing a fine?
(Choose from the following options)
1. 30 days
2. The name must be changed immediately.
3. 5 business days
4. 10 days - 10 days
A producer who continues to use a unapproved trade name for 10 or more days after being
notified will face a fine of up to $5,000.
What was created to keep telemarketers from calling consumers who do not wish contacted?
(Choose from the following options)
1. Call Control Registry
2. National Do Not Call Registry
