LIFE ,HEALTH AND ACCIDENT INSURANCE LOUISIANA
An agent is completing an application for a long-term care policy.
The agent is required to do all of the following EXCEPT
(Choose from the following options)
1. Warn the applicant about the 10-day free-look period.
2. Make sure the policy is appropriate for the applicant's needs.
3. Provide the applicant with the Outline of Coverage.
4. Ask where the applicant has another LTC policy in force.: Warn the applicant
about the 10-day free-look period.
1. An insured has an Accidental Death & Dismemberment policy with
a principal value of $50,000. He loses sight in both eyes in a hunting
accident. How much will he receive?
(Choose from the following options)
1. $25,000
2. $0
3. $50,000
4. $100,000: $50,000
Answ :The policy will usually pay the principal amount for the loss of both eyes, or two or more
limbs.
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,2. At what age may an individual make withdrawals from an HSA for
nonhealth purposes without being penalized?
(Choose from the following options)
1. 55
2. 59 1/2
3. 62
4. 65: 65
Answ :After age 65, a withdrawal from an HSA used for a nonhealth purposes will be without a penalty,
although taxed.
3. Which of the following is NOT true regarding uniform mandatory
provisions concerning claims?
(Choose from the following options)
1. If the insured is 2 years late in filing a proof of loss, the claim can be
denied.
2. An insured must notify the insurer of a claim on forms
prescribed by the insurer.
3. If the insured is several days late in filing proof of loss form, the
claim cannot be denied if the insured can show good cause.
4. The insured is customarily required to give notice of claim within 20
days.:
Answ :An insured must notify the insurer of a claim on forms prescribed by the insurer.
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, If forms are not furnished, written proof of the occurrence, nature of the loss, and extent of loss must be
submitted to the insurer.
5. The provision in a health insurance policy that ensures that the
insurer cannot refer to any document that is not contained in the
contract is the
(Choose from the following options)
1. Time limit on certain defenses clause.
2. Incontestability clause.
3. Legal action against us clause.
4. Entire contract clause.: Entire contract clause.
Answ :Entire contract is a mandatory provision that is required by law.
6. The amount of disability benefits that an insured receives often
depends upon the insured's
(Choose from the following options)
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, 1. Income at the time of the application.
2. Marital status at the time of the application.
3. Number of children at the time of the application.
4. Medical history at the time of the application.: Income at the time of the
application.
7. A producer has been notified by the Commissioner to stop using
an unap-proved trade name. How many days does the producer
have to change the trade name before facing a fine?
(Choose from the following options)
1. 30 days
2. The name must be changed immediately.
3. 5 business days
4. 10 days: 10 days
Answ :A producer who continues to use a unapproved trade name for 10 or more days after being
notified will face a fine of up to $5,000.
8. What was created to keep telemarketers from calling consumers
who do not wish contacted?
(Choose from the following options)
1. Call Control Registry
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An agent is completing an application for a long-term care policy.
The agent is required to do all of the following EXCEPT
(Choose from the following options)
1. Warn the applicant about the 10-day free-look period.
2. Make sure the policy is appropriate for the applicant's needs.
3. Provide the applicant with the Outline of Coverage.
4. Ask where the applicant has another LTC policy in force.: Warn the applicant
about the 10-day free-look period.
1. An insured has an Accidental Death & Dismemberment policy with
a principal value of $50,000. He loses sight in both eyes in a hunting
accident. How much will he receive?
(Choose from the following options)
1. $25,000
2. $0
3. $50,000
4. $100,000: $50,000
Answ :The policy will usually pay the principal amount for the loss of both eyes, or two or more
limbs.
1/
179
,2. At what age may an individual make withdrawals from an HSA for
nonhealth purposes without being penalized?
(Choose from the following options)
1. 55
2. 59 1/2
3. 62
4. 65: 65
Answ :After age 65, a withdrawal from an HSA used for a nonhealth purposes will be without a penalty,
although taxed.
3. Which of the following is NOT true regarding uniform mandatory
provisions concerning claims?
(Choose from the following options)
1. If the insured is 2 years late in filing a proof of loss, the claim can be
denied.
2. An insured must notify the insurer of a claim on forms
prescribed by the insurer.
3. If the insured is several days late in filing proof of loss form, the
claim cannot be denied if the insured can show good cause.
4. The insured is customarily required to give notice of claim within 20
days.:
Answ :An insured must notify the insurer of a claim on forms prescribed by the insurer.
2/
179
, If forms are not furnished, written proof of the occurrence, nature of the loss, and extent of loss must be
submitted to the insurer.
5. The provision in a health insurance policy that ensures that the
insurer cannot refer to any document that is not contained in the
contract is the
(Choose from the following options)
1. Time limit on certain defenses clause.
2. Incontestability clause.
3. Legal action against us clause.
4. Entire contract clause.: Entire contract clause.
Answ :Entire contract is a mandatory provision that is required by law.
6. The amount of disability benefits that an insured receives often
depends upon the insured's
(Choose from the following options)
3/
179
, 1. Income at the time of the application.
2. Marital status at the time of the application.
3. Number of children at the time of the application.
4. Medical history at the time of the application.: Income at the time of the
application.
7. A producer has been notified by the Commissioner to stop using
an unap-proved trade name. How many days does the producer
have to change the trade name before facing a fine?
(Choose from the following options)
1. 30 days
2. The name must be changed immediately.
3. 5 business days
4. 10 days: 10 days
Answ :A producer who continues to use a unapproved trade name for 10 or more days after being
notified will face a fine of up to $5,000.
8. What was created to keep telemarketers from calling consumers
who do not wish contacted?
(Choose from the following options)
1. Call Control Registry
4/
179
