1 for specific request mail
Louisiana Life, Accident and Health Practice Exam
Tes Questions | Accurate & Verified Answers to Pass
Actual Exam t
Select from the choices below the best description of a speculative risk?
Ans: Involving the possibility of a gain in addition to the uncertainty of
loss
If there is a material change in an MEC contract, what is the first thing
needing to be done?
Assignment Expert
Ans: Another 7 pay test
Which of the following is not taxable?
Guru01 - Stuvia
Ans: Fixed amount installments
A premature distribution from a Roth IRA made before the age 59.5 is
subject to a 10% penalty tax unless:
2026
Ans: It was used as a down payment on first home
©
Carlos cancels his life policy but instructs the insurance company to
transfer the cash value of his policy to an annuity. This non taxable
transaction is called?
Ans: 1035 Exchange
Which of the following is a disadvantage to setup and participate in a
qualified retirement plan?
Ans: Immediate liquidity
All of these types of distributions that are exceptions to the 10% penalty
rule except:
Ans: New car purchase
Which of the following does not describe a 401(K) characteristics
Ans: Currently $49,000 maximum contribution
, 2 for specific request mail
The following are examples of Qualified Retirement Plans except:
Ans: 501c(3)
Which of the following is not correct regarding Long Term Care
Ans: It provides different benefits for different levels of care
Medicare Select is a type of?
Ans: Medicare Supplement plan offered by an HMO
Which of the following statements is correct regarding Medicare
Advantage
Assignment Expert
Ans: It can offer benefits that ate not covered by regular Medicare
Guru01 - Stuvia
Which of the following is correct with regards to the hospital insurance
Part A plan of Medicare
Ans: Insured must satisfy a deductible
2026
Which of the following statements is correct about Part B of Medicare
Ans: An annual deductible is required
©
All of the following examples of groups that purchase group health
insurance except:
Ans: MEWA
The following are example of limited health plans except:
Ans: HMO
Ally wants a rider that will pay disability that social security will pay for
one year, assuming that social security should begin then. What type of
rider should she consider?
Ans: Additional monthly benefit (AMB)
How many QCs are necessary to be fully funded?
Ans: 40
, 3 for specific request mail
If Bill has a type of disability plan that has benefits set at a percentage of
income, what type is it?
Ans: Employer Group
Ally wants to make sure that her benefits for her disability policy keep up
with the rate of inflation, what type of rider should she consider
Ans: COLA
How many QCs are necessary to be deemed partially insured
Ans: 6 in the last 13
Assignment Expert
If Jill has a type of disability plan that has benefits set at a flat amount
per month, what type is it?
Guru01 - Stuvia
Ans: Individual
The period before benefits begin is termed as all of the following except:
Ans: Pre-benefit period
2026
Which of the following does Coinsurance describe?
Ans: a percentage the insured will pay after the deductible
©
If a health insurer does not pay a claim more than how many days after
required a 1% per month penalty will begin?
Ans: 25 days
How many days after receiving notice of a claim does an insurer have to
furnish proof of loss forms?
Ans: 15
If Martha wants to pay her daughter's college tuition, which of the
following can be used as an education annuity?
Ans: Annuity Certain
, 4 for specific request mail
The best description of a hazard is?
Ans: Condition that may increase the chance that a loss may occur
Choose from the following selections the best description of a premium?
Ans: The amount an insured pays for each unit of coverage. $7 for every
$1,000 of coverage is an example.
Which of the following is correct about a Third-Party Administrator?
Ans: It is an independent company that provides administrative services
for company's self-funded plans
Assignment Expert
A non-resident producer that is moving from one state to another state
must submit?
Guru01 - Stuvia
Ans: a state-to-state transfer form within 30 days
If a producer changes their mailing, work, or home address, the
Department must be notified ____________of the change on an official
2026
"Change of Address" form available on the LA Department of Insurance
website, or face a fine.
©
Ans: within 10 days
Assuming CE requirements have been met, how is the life agent's license
renewed?
Ans: Pay the renewal billing notice the Dept sends out 90 days before the
renewal date
To renew a resident individual producer's license, you must complete
_______ hours of continuing education each renewal period.
Ans: 24 hours
The CE requirement does not apply to specialty or limited licenses, such
as, industrial fire, credit life, credit health, credit property, or accidental
death and dismemberment.
Ans: False
Louisiana Life, Accident and Health Practice Exam
Tes Questions | Accurate & Verified Answers to Pass
Actual Exam t
Select from the choices below the best description of a speculative risk?
Ans: Involving the possibility of a gain in addition to the uncertainty of
loss
If there is a material change in an MEC contract, what is the first thing
needing to be done?
Assignment Expert
Ans: Another 7 pay test
Which of the following is not taxable?
Guru01 - Stuvia
Ans: Fixed amount installments
A premature distribution from a Roth IRA made before the age 59.5 is
subject to a 10% penalty tax unless:
2026
Ans: It was used as a down payment on first home
©
Carlos cancels his life policy but instructs the insurance company to
transfer the cash value of his policy to an annuity. This non taxable
transaction is called?
Ans: 1035 Exchange
Which of the following is a disadvantage to setup and participate in a
qualified retirement plan?
Ans: Immediate liquidity
All of these types of distributions that are exceptions to the 10% penalty
rule except:
Ans: New car purchase
Which of the following does not describe a 401(K) characteristics
Ans: Currently $49,000 maximum contribution
, 2 for specific request mail
The following are examples of Qualified Retirement Plans except:
Ans: 501c(3)
Which of the following is not correct regarding Long Term Care
Ans: It provides different benefits for different levels of care
Medicare Select is a type of?
Ans: Medicare Supplement plan offered by an HMO
Which of the following statements is correct regarding Medicare
Advantage
Assignment Expert
Ans: It can offer benefits that ate not covered by regular Medicare
Guru01 - Stuvia
Which of the following is correct with regards to the hospital insurance
Part A plan of Medicare
Ans: Insured must satisfy a deductible
2026
Which of the following statements is correct about Part B of Medicare
Ans: An annual deductible is required
©
All of the following examples of groups that purchase group health
insurance except:
Ans: MEWA
The following are example of limited health plans except:
Ans: HMO
Ally wants a rider that will pay disability that social security will pay for
one year, assuming that social security should begin then. What type of
rider should she consider?
Ans: Additional monthly benefit (AMB)
How many QCs are necessary to be fully funded?
Ans: 40
, 3 for specific request mail
If Bill has a type of disability plan that has benefits set at a percentage of
income, what type is it?
Ans: Employer Group
Ally wants to make sure that her benefits for her disability policy keep up
with the rate of inflation, what type of rider should she consider
Ans: COLA
How many QCs are necessary to be deemed partially insured
Ans: 6 in the last 13
Assignment Expert
If Jill has a type of disability plan that has benefits set at a flat amount
per month, what type is it?
Guru01 - Stuvia
Ans: Individual
The period before benefits begin is termed as all of the following except:
Ans: Pre-benefit period
2026
Which of the following does Coinsurance describe?
Ans: a percentage the insured will pay after the deductible
©
If a health insurer does not pay a claim more than how many days after
required a 1% per month penalty will begin?
Ans: 25 days
How many days after receiving notice of a claim does an insurer have to
furnish proof of loss forms?
Ans: 15
If Martha wants to pay her daughter's college tuition, which of the
following can be used as an education annuity?
Ans: Annuity Certain
, 4 for specific request mail
The best description of a hazard is?
Ans: Condition that may increase the chance that a loss may occur
Choose from the following selections the best description of a premium?
Ans: The amount an insured pays for each unit of coverage. $7 for every
$1,000 of coverage is an example.
Which of the following is correct about a Third-Party Administrator?
Ans: It is an independent company that provides administrative services
for company's self-funded plans
Assignment Expert
A non-resident producer that is moving from one state to another state
must submit?
Guru01 - Stuvia
Ans: a state-to-state transfer form within 30 days
If a producer changes their mailing, work, or home address, the
Department must be notified ____________of the change on an official
2026
"Change of Address" form available on the LA Department of Insurance
website, or face a fine.
©
Ans: within 10 days
Assuming CE requirements have been met, how is the life agent's license
renewed?
Ans: Pay the renewal billing notice the Dept sends out 90 days before the
renewal date
To renew a resident individual producer's license, you must complete
_______ hours of continuing education each renewal period.
Ans: 24 hours
The CE requirement does not apply to specialty or limited licenses, such
as, industrial fire, credit life, credit health, credit property, or accidental
death and dismemberment.
Ans: False
