Laws and Rules Chapter 1 Exam

An employer may qualify for health care tax credits through SHOP Marketplace if that employer has fewer than how many employees? - Correct Ans-25 An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - Correct Ans-Inflation Protection An insurer need NOT pay interest on death benefits if the proceeds of the life policy are paid within - Correct Ans-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 - Correct Ans-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 - Correct Ans-Producer Which license is REQUIRED in order to solicit Long Term Care insurance in the State of Louisiana? - Correct Ans-Health Insurance Producer License Louisiana residents who are uninsurable may obtain health coverage through the - Correct Ans-Louisiana Health Insurance Association The required grace period for a life insurance policy sold in Louisiana is __________ days - Correct Ans-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 - Correct Ans-Creditors The _________ of Coverage describes policy features, benefits, exclusions, and riders in a long-term care policy - Correct Ans-Outline What is the purpose of the Louisiana Life and Health Insurance Guaranty Association? - Correct Ans-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 - Correct Ans-90 The branch of dentistry which deals with the replacement of missing parts is called - Correct Ans-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 - Correct Ans-3 months before your 65th birthday Under the Louisiana Health Plan, comprehensive health benefits are provided to - Correct Ans-Medically uninsurable residents Within ________ days after policy delivery, moth Medicare Supplement and Long-Term Care policies can be returned for a 100% premium refund - Correct Ans-30 Long-Term Care policies or certificates issued in Louisiana are required to havee - Correct Ans-A nonforfeiture value A policyowner has ___________ days after policy delivery to return a major medical policy - Correct Ans-10 A newborn is required to be covered for __________ days from the moment of birth - Correct Ans-31