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Laws and Rules Chapter Exam Questions and
Correct Answers/ Latest Update / Already Graded
An employer may qualify for health care tax credits through SHOP Marketplace if
that employer has fewer than how many employees?
Ans: 25
An insurer is REQUIRED to offer which of the following to each long-term care
applicant at the time of purchase?
Ans: Inflation Protection
An insurer need NOT pay interest on death benefits if the proceeds of the life
policy are paid within
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
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
Ans: Producer
Which license is REQUIRED in order to solicit Long Term Care insurance in the
State of Louisiana?
Ans: Health Insurance Producer License
Louisiana residents who are uninsurable may obtain health coverage through the
© 2025/ 2026 | ® All rights reserved
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Ans: Louisiana Health Insurance Association
The required grace period for a life insurance policy sold in Louisiana is
__________ days
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
Ans: Creditors
The _________ of Coverage describes policy features, benefits, exclusions, and
riders in a long-term care policy
Ans: Outline
What is the purpose of the Louisiana Life and Health Insurance Guaranty
Association?
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
Ans: 90
The branch of dentistry which deals with the replacement of missing parts is
called
© 2025/ 2026 | ® All rights reserved
Laws and Rules Chapter Exam Questions and
Correct Answers/ Latest Update / Already Graded
An employer may qualify for health care tax credits through SHOP Marketplace if
that employer has fewer than how many employees?
Ans: 25
An insurer is REQUIRED to offer which of the following to each long-term care
applicant at the time of purchase?
Ans: Inflation Protection
An insurer need NOT pay interest on death benefits if the proceeds of the life
policy are paid within
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
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
Ans: Producer
Which license is REQUIRED in order to solicit Long Term Care insurance in the
State of Louisiana?
Ans: Health Insurance Producer License
Louisiana residents who are uninsurable may obtain health coverage through the
© 2025/ 2026 | ® All rights reserved
, 2 | Page
Ans: Louisiana Health Insurance Association
The required grace period for a life insurance policy sold in Louisiana is
__________ days
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
Ans: Creditors
The _________ of Coverage describes policy features, benefits, exclusions, and
riders in a long-term care policy
Ans: Outline
What is the purpose of the Louisiana Life and Health Insurance Guaranty
Association?
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
Ans: 90
The branch of dentistry which deals with the replacement of missing parts is
called
© 2025/ 2026 | ® All rights reserved
