Louisiana Life and Health Insurance Exam
questions and 100% correct
answers(DISTINCTION)
Louisiana residents who are uninsurable may obtain health
coverage through the - Correct Answer--Louisiana Health
Insurance Association
What are an applicant's statements concerning occupation,
hobbies, and personal health history regarded as? - Correct
Answer--Representation
The principle of insurable interest, in regards to a life insurance
contract, is accurately described in which statement? - Correct
Answer--Insurable interest can be based on the love and affection
of individuals related by blood or law
Which clause defines total disability as being unable to perform
the major duties of the insured regular occupation? - Correct
Answer--Own occupation clause
What would happen if a life insurance applicant is given a
conditional receipt from an insurance agent and then dies the
next day? - Correct Answer--Claim will be paid if money was
received by the insurance company.
How are annuities given favorable tax treatment? - Correct
Answer--Gains are taxed at distribution
,Major medical insurance will typically cover medical expenses
that result from? - Correct Answer--a negative reaction to
prescribed medication
An individual can enroll in a Part C Medicare Advantage Plan at
what time? - Correct Answer--When becoming eligible for
Medicare
Insurance represents the process of risk - Correct Answer--
transference
The focus of major medical insurance is providing coverage for -
Correct Answer--medical and hospitalization expenses
A life insurance replacement transaction could result in a(n) -
Correct Answer--Surrender Charge
Maria is a Preferred Provider Organization (PPO) subscriber and
received care from an out of work provider. Which of the following
is the likely results - Correct Answer--Care is Covered
Jonas is a whole life insurance policyowner and would like to add
coverage for his two children. Which of the following products
would allow him to accomplish this? - Correct Answer--Child term
rider
The elimination period under a hospital indemnity plan is? -
Correct Answer--The specified number of days an insured must
, wait before becoming eligible to receive benefits for each
hospitalization
All of the following are included as part of a contract in the entire
contract provision except the - Correct Answer--Changes made by
the producer
Which type of multiple protection policy pays on the death of the
last person? - Correct Answer--Survivorship Life policy
Insurance companies determine risk exposure by which of the
following? - Correct Answer--Law of large numbers and risk
pooling
Which of the following actions may an insurance company NOT do
in a health policy that contains a guaranteed renewable premium
benefit? - Correct Answer--Increase the premiums on a individual
basis
An insurer may exclude preexisting conditions on a Medicare
Supplement policy for ____ - Correct Answer--6
An eligible employee can be excluded from a group health
coverage for up to ___ months if he/she is considered a "late
enrollee" - Correct Answer--18
questions and 100% correct
answers(DISTINCTION)
Louisiana residents who are uninsurable may obtain health
coverage through the - Correct Answer--Louisiana Health
Insurance Association
What are an applicant's statements concerning occupation,
hobbies, and personal health history regarded as? - Correct
Answer--Representation
The principle of insurable interest, in regards to a life insurance
contract, is accurately described in which statement? - Correct
Answer--Insurable interest can be based on the love and affection
of individuals related by blood or law
Which clause defines total disability as being unable to perform
the major duties of the insured regular occupation? - Correct
Answer--Own occupation clause
What would happen if a life insurance applicant is given a
conditional receipt from an insurance agent and then dies the
next day? - Correct Answer--Claim will be paid if money was
received by the insurance company.
How are annuities given favorable tax treatment? - Correct
Answer--Gains are taxed at distribution
,Major medical insurance will typically cover medical expenses
that result from? - Correct Answer--a negative reaction to
prescribed medication
An individual can enroll in a Part C Medicare Advantage Plan at
what time? - Correct Answer--When becoming eligible for
Medicare
Insurance represents the process of risk - Correct Answer--
transference
The focus of major medical insurance is providing coverage for -
Correct Answer--medical and hospitalization expenses
A life insurance replacement transaction could result in a(n) -
Correct Answer--Surrender Charge
Maria is a Preferred Provider Organization (PPO) subscriber and
received care from an out of work provider. Which of the following
is the likely results - Correct Answer--Care is Covered
Jonas is a whole life insurance policyowner and would like to add
coverage for his two children. Which of the following products
would allow him to accomplish this? - Correct Answer--Child term
rider
The elimination period under a hospital indemnity plan is? -
Correct Answer--The specified number of days an insured must
, wait before becoming eligible to receive benefits for each
hospitalization
All of the following are included as part of a contract in the entire
contract provision except the - Correct Answer--Changes made by
the producer
Which type of multiple protection policy pays on the death of the
last person? - Correct Answer--Survivorship Life policy
Insurance companies determine risk exposure by which of the
following? - Correct Answer--Law of large numbers and risk
pooling
Which of the following actions may an insurance company NOT do
in a health policy that contains a guaranteed renewable premium
benefit? - Correct Answer--Increase the premiums on a individual
basis
An insurer may exclude preexisting conditions on a Medicare
Supplement policy for ____ - Correct Answer--6
An eligible employee can be excluded from a group health
coverage for up to ___ months if he/she is considered a "late
enrollee" - Correct Answer--18
