LA Series 103 Exam / Complete Study Guide /
Actual Exam Questions & Correct Answers (Verified
Detailed Answers) A grade.
Terms in this set (732)
Maximum benefit refers to upper limit of the total lifetime benefits the insurance
the company will pay
____ is NOT an element of a Countersignature
valid contract
______ life is designed to pay Credit
the balance of a loan if
the insured dies before
repayment of the loan
A 10% excise tax is 7.50%
normally applied to an
early withdrawal from an
IRA. According to HIPPA,
this tax will not be applied
if the withdrawal is used
for medical expenses that
exceed ___ of the
individual's adjusted gross
income.
A beneficiary change can normally at any time during the policy term.
occur:
A beneficiary has just No federal income tax is owed on the life insurance
received a claim payment proceeds.
for a life insurance policy.
Which of the following is
TRUE regarding federal
income tax liability.
,A business entity wishing obtain a producer's license.
to act as an insurance
producer MUST
A business will will typically Group Policy
use which type of life
insurance to cover their
employees?
A cease and decist order forbids a stated practice listed in the order.
A change in an insurance an initial made by the applicant.
application requires
A clause that allows an optional renewability clause
insurer the right to terminate
coverage at any anniversary
date is called a(n)
A comman exclusion with lasik surgery
Vision plans is
A company that is authorized insurer
authorized by the
Commissioner to transact
insurance business in
Louisiana is called a(n)
A dependent child may has a mental or physical handicap and remains dependent on
remain on a parents health the parent
insurance beyond the age of
26 if the child
A disability elimination time deductible
period is best described as
,A disability income policy benefit limits
can prevent an insured from
earning a higher income
than if he/she were working
by utilizing
A doctor who accepts Doctor cannot charge more than Medicare's scheduled
Medicare Assignment coverage
agrees to which of the
following?
A domestic insurance be organized under Louisiana insurance laws
company in Louisiana
MUST
A field underwriter's main to ensure an applicant's medical information is accurate and
task is complete.
A foreign insurance company is a company that was formed under the laws of another
doing business in Louisiana state.
A form of medical health Dental expense insurance
insurance covering the
treatment and care of gum
A group Disability Income fully contributory
plan that pays tax-free
benefits to covered
employees is considered
A guaranteed issued medical underwriting
insurance policy has no
A health care provider claim Fee-for service
may be settled using which of
the following payment
methods?
,
Actual Exam Questions & Correct Answers (Verified
Detailed Answers) A grade.
Terms in this set (732)
Maximum benefit refers to upper limit of the total lifetime benefits the insurance
the company will pay
____ is NOT an element of a Countersignature
valid contract
______ life is designed to pay Credit
the balance of a loan if
the insured dies before
repayment of the loan
A 10% excise tax is 7.50%
normally applied to an
early withdrawal from an
IRA. According to HIPPA,
this tax will not be applied
if the withdrawal is used
for medical expenses that
exceed ___ of the
individual's adjusted gross
income.
A beneficiary change can normally at any time during the policy term.
occur:
A beneficiary has just No federal income tax is owed on the life insurance
received a claim payment proceeds.
for a life insurance policy.
Which of the following is
TRUE regarding federal
income tax liability.
,A business entity wishing obtain a producer's license.
to act as an insurance
producer MUST
A business will will typically Group Policy
use which type of life
insurance to cover their
employees?
A cease and decist order forbids a stated practice listed in the order.
A change in an insurance an initial made by the applicant.
application requires
A clause that allows an optional renewability clause
insurer the right to terminate
coverage at any anniversary
date is called a(n)
A comman exclusion with lasik surgery
Vision plans is
A company that is authorized insurer
authorized by the
Commissioner to transact
insurance business in
Louisiana is called a(n)
A dependent child may has a mental or physical handicap and remains dependent on
remain on a parents health the parent
insurance beyond the age of
26 if the child
A disability elimination time deductible
period is best described as
,A disability income policy benefit limits
can prevent an insured from
earning a higher income
than if he/she were working
by utilizing
A doctor who accepts Doctor cannot charge more than Medicare's scheduled
Medicare Assignment coverage
agrees to which of the
following?
A domestic insurance be organized under Louisiana insurance laws
company in Louisiana
MUST
A field underwriter's main to ensure an applicant's medical information is accurate and
task is complete.
A foreign insurance company is a company that was formed under the laws of another
doing business in Louisiana state.
A form of medical health Dental expense insurance
insurance covering the
treatment and care of gum
A group Disability Income fully contributory
plan that pays tax-free
benefits to covered
employees is considered
A guaranteed issued medical underwriting
insurance policy has no
A health care provider claim Fee-for service
may be settled using which of
the following payment
methods?
,
