LA SERIES 103 END OF COURSE 2025/2026 QUESTIONS AND
ANSWERS RATED A+
✔✔Which is NOT considered an activity of daily living in determining the need to trigger
long-term care insurance policy benefits? - ✔✔Working
✔✔In addition to the actual policy, an entire contract includes which of the following? -
✔✔The application
✔✔Upon revocation of a producer's license, who is responsible for notifying the
insurance company represented by the producer? - ✔✔The Commissioner of Insurance
✔✔What is a condition which limits the company's liability to provide coverage? - ✔✔An
exclusion
✔✔Risks are generally NOT insured if - ✔✔The loss is expected
✔✔The two perils in health insurance are accident and - ✔✔Sickness
✔✔Purchasing insurance is an example of which of the following methods of handling
risk? - ✔✔Transference
✔✔Which service rendered during hospitalization is NOT covered by Medicare Part A? -
✔✔Prescription Drugs
✔✔Continuing education requirements for insurance licensing must be met - ✔✔Every 2
years
✔✔Specific statements made on an application that the insured guarantees to be TRUE
are - ✔✔Warranties
✔✔Which loss is NOT a common exclusion to a life insurance policy? - ✔✔Accidental
Death
✔✔In a hospital indemnity plan, an elimination period refers to the number of days -
✔✔An insured must wait before becoming eligible to receive benefits for each hospital
stay
✔✔If the Commissioner of Insurance finds that a producer has been engaging in unfair
practices defined in the Louisiana Code, all of the following are true EXCEPT - ✔✔The
Commissioner's decision is final
ANSWERS RATED A+
✔✔Which is NOT considered an activity of daily living in determining the need to trigger
long-term care insurance policy benefits? - ✔✔Working
✔✔In addition to the actual policy, an entire contract includes which of the following? -
✔✔The application
✔✔Upon revocation of a producer's license, who is responsible for notifying the
insurance company represented by the producer? - ✔✔The Commissioner of Insurance
✔✔What is a condition which limits the company's liability to provide coverage? - ✔✔An
exclusion
✔✔Risks are generally NOT insured if - ✔✔The loss is expected
✔✔The two perils in health insurance are accident and - ✔✔Sickness
✔✔Purchasing insurance is an example of which of the following methods of handling
risk? - ✔✔Transference
✔✔Which service rendered during hospitalization is NOT covered by Medicare Part A? -
✔✔Prescription Drugs
✔✔Continuing education requirements for insurance licensing must be met - ✔✔Every 2
years
✔✔Specific statements made on an application that the insured guarantees to be TRUE
are - ✔✔Warranties
✔✔Which loss is NOT a common exclusion to a life insurance policy? - ✔✔Accidental
Death
✔✔In a hospital indemnity plan, an elimination period refers to the number of days -
✔✔An insured must wait before becoming eligible to receive benefits for each hospital
stay
✔✔If the Commissioner of Insurance finds that a producer has been engaging in unfair
practices defined in the Louisiana Code, all of the following are true EXCEPT - ✔✔The
Commissioner's decision is final
