Life, Health, and Accident Insurance Exam Louisiana Questions with Verified Solutions

Life, Health, and Accident Insurance Exam Louisiana Questions with Verified Solutions 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