Laws and Rules Chapter Exam Questions and Complete Solutions
An employer may qualify for health care tax credits through SHOP Marketplace if that employer has fewer than how many employees? - Answer: 25
An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - Answer: Inflation Protection
An insurer need NOT pay interest on death benefits if the proceeds of the life policy are paid within - Answer: 20 days after the date of the death of the insured.
After the first payment is made, the grace period for an accident and health policy is - Answer: 30 days
An existing life insurance policy is being replaced by a new one. A notice of replacement must be provided by the _________ to be signed by the applicant - Answer: Producer
Which license is REQUIRED in order to solicit Long Term Care insurance in the State of Louisiana? - Answer: Health Insurance Producer License
Louisiana residents who are uninsurable may obtain health coverage through the - Answer: Louisiana Health Insurance Association
The required grace period for a life insurance policy sold in Louisiana is __________ days - Answer: 30
Jim recently sold his whole life insurance policy under a viatical settlement contract. The proceeds of this
contract could be subject to the claims of - Answer: Creditors
The _________ of Coverage describes policy features, benefits, exclusions, and riders in a long-term care
policy - Answer: Outline What is the purpose of the Louisiana Life and Health Insurance Guaranty Association? - Answer: Ensures that claims filed against insolvent insurance companies will be paid. It was created to protect policyholders, insureds, and beneficiaries of life insurance policies, health insurance policies, annuity contracts, and supplemental contracts when insurers fail to perform contractual obligations due to financial impairment
Proof of loss on a health insurance claim must be submitted to an insurer within __________ days after the insured's date of loss - Answer: 90
The branch of dentistry which deals with the replacement of missing parts is called - Answer: Prosthodontics Prosthodontics is the branch of dentistry concerned with the design, manufacture, and fitting of artificial
replacements for teeth and other parts of the mouth
Open enrollment for Medicare Supplement coverage starts - Answer: 3 months before your 65th birthday
Under the Louisiana Health Plan, comprehensive health benefits are provided to - Answer: Medically uninsurable residents
Within ________ days after policy delivery, moth Medicare Supplement and Long-Term Care policies can
be returned for a 100% premium refund - Answer: 30
Long-Term Care policies or certificates issued in Louisiana are required to havee - Answer: A nonforfeiture value
A policyowner has ___________ days after policy delivery to return a major medical policy - Answer: 10
A newborn is required to be covered for __________ days from the moment of birth - Answer: 31
An employer may qualify for health care tax credits through SHOP Marketplace if that employer has fewer than how many employees? - Answer: 25
An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - Answer: Inflation Protection
An insurer need NOT pay interest on death benefits if the proceeds of the life policy are paid within - Answer: 20 days after the date of the death of the insured.
After the first payment is made, the grace period for an accident and health policy is - Answer: 30 days
An existing life insurance policy is being replaced by a new one. A notice of replacement must be provided by the _________ to be signed by the applicant - Answer: Producer
Which license is REQUIRED in order to solicit Long Term Care insurance in the State of Louisiana? - Answer: Health Insurance Producer License
Louisiana residents who are uninsurable may obtain health coverage through the - Answer: Louisiana Health Insurance Association
The required grace period for a life insurance policy sold in Louisiana is __________ days - Answer: 30
Jim recently sold his whole life insurance policy under a viatical settlement contract. The proceeds of this
contract could be subject to the claims of - Answer: Creditors
The _________ of Coverage describes policy features, benefits, exclusions, and riders in a long-term care
policy - Answer: Outline What is the purpose of the Louisiana Life and Health Insurance Guaranty Association? - Answer: Ensures that claims filed against insolvent insurance companies will be paid. It was created to protect policyholders, insureds, and beneficiaries of life insurance policies, health insurance policies, annuity contracts, and supplemental contracts when insurers fail to perform contractual obligations due to financial impairment
Proof of loss on a health insurance claim must be submitted to an insurer within __________ days after the insured's date of loss - Answer: 90
The branch of dentistry which deals with the replacement of missing parts is called - Answer: Prosthodontics Prosthodontics is the branch of dentistry concerned with the design, manufacture, and fitting of artificial
replacements for teeth and other parts of the mouth
Open enrollment for Medicare Supplement coverage starts - Answer: 3 months before your 65th birthday
Under the Louisiana Health Plan, comprehensive health benefits are provided to - Answer: Medically uninsurable residents
Within ________ days after policy delivery, moth Medicare Supplement and Long-Term Care policies can
be returned for a 100% premium refund - Answer: 30
Long-Term Care policies or certificates issued in Louisiana are required to havee - Answer: A nonforfeiture value
A policyowner has ___________ days after policy delivery to return a major medical policy - Answer: 10
A newborn is required to be covered for __________ days from the moment of birth - Answer: 31
