LA LIFE INSURANCE SERIES 101 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

LA LIFE INSURANCE SERIES 101 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Which type of rider pays out a capital sum in case an insured loses a limb or their eyesight? - Answer -Accidental Death and Dismemberment If a policyowner of a convertible term life insurance policy exercises his/her right to convert, which of the following will happen? - Answer - The term policy will be replaced by a permanent life insurance policy Which of the following is NOT a purpose of the rule regarding replacement of Life Insurance? - Answer -Regulate the replacement of Insurance by the consumer Which of the following is NOT an example of a prohibited practice? - Answer -Backdating When demanded, Hearing are held: - Answer -Within 30 days after the date a hearing is demanded Which of the following is not a standard or requirement for an illustration? - Answer -Guaranteed elements must be labeled as such, but non-guaranteed elements need not to be labeled Which of the following statements is NOT correct? - Answer -In lieu of fines, the Commissioner may have a producer imprisoned for up to one year.How many credit hours of continuing education must a producer complete every renewal period? - Answer -24 ( with at 3 hours in ethics) Which of the following statements is FALSE with respect to HIV testing? - Answer -A person may not Opt-Out of HIV testing With regard to examinations, Which of the following statements is NOT correct? - Answer -The expense of examination of an insurer or of any person is paid by the Department Which of the following CORRECTLY describes the practice of Twisting? - Answer -Misleading and convincing an insured to surrender, lapse, or exchange an existing policy for a different one, to the insured's detriment. Which of the following statemen