LA Life Insurance Series 101
Exam Questions with Correct
Answers Pass the Exam, 100%
Verified () Graded
A+
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 statements is TRUE with respect to assumed names? -
ANSWER-An agent who will be transacting business in Louisiana under an
assumed name must notify the Commissioner prior to using the assumed name.
Exam Questions with Correct
Answers Pass the Exam, 100%
Verified () Graded
A+
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 statements is TRUE with respect to assumed names? -
ANSWER-An agent who will be transacting business in Louisiana under an
assumed name must notify the Commissioner prior to using the assumed name.
