LA Life Insurance Series 101 Exam 2025
Questions and Answers
Which type of rider pays out a capital sum in case an insured loses a limb or their eyesight? -
ANS 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? - ANS 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? -
ANS Regulate the replacement of Insurance by the consumer
Which of the following is NOT an example of a prohibited practice? - ANS Backdating
When demanded, Hearing are held: - ANS Within 30 days after the date a hearing is
demanded
Which of the following is not a standard or requirement for an illustration? -
ANS Guaranteed elements must be labeled as such, but non-guaranteed elements need not
to be labeled
Which of the following statements is NOT correct? - ANS In lieu of fines, the Commissioner
may have a producer imprisoned for up to one year.
Pg. 1 Copyright © 2025 Jasonmcconell. ALL RIGHTS RESERVED.
, How many credit hours of continuing education must a producer complete every renewal
period? - ANS 24 ( with at 3 hours in ethics)
Which of the following statements is FALSE with respect to HIV testing? - ANS A person may
not Opt-Out of HIV testing
With regard to examinations, Which of the following statements is NOT correct? - ANS 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? - ANS 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? - ANS An agent
who will be transacting business in Louisiana under an assumed name must notify the
Commissioner prior to using the assumed name.
Which of the following statements is FALSE regarding requirements for accelerated benefits? -
ANS Accelerated benefits effective for illness immediately upon the effective date.
An initial privacy notice is NOT required to be provided to: - ANS A prospective customer
When do individual producer licenses expire? - ANS April 30th of each even-numbered year.
Which of the following statements is TRUE regarding accelerated benefits? - ANS Accelerated
benefits must provide for a lump sum benefit option.
With regard to examinations by the Commissioner, the Commissioner: - ANS Must conduct a
financial examination of an insurer at least once every 5 years.
Pg. 2 Copyright © 2025 Jasonmcconell. ALL RIGHTS RESERVED.
Questions and Answers
Which type of rider pays out a capital sum in case an insured loses a limb or their eyesight? -
ANS 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? - ANS 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? -
ANS Regulate the replacement of Insurance by the consumer
Which of the following is NOT an example of a prohibited practice? - ANS Backdating
When demanded, Hearing are held: - ANS Within 30 days after the date a hearing is
demanded
Which of the following is not a standard or requirement for an illustration? -
ANS Guaranteed elements must be labeled as such, but non-guaranteed elements need not
to be labeled
Which of the following statements is NOT correct? - ANS In lieu of fines, the Commissioner
may have a producer imprisoned for up to one year.
Pg. 1 Copyright © 2025 Jasonmcconell. ALL RIGHTS RESERVED.
, How many credit hours of continuing education must a producer complete every renewal
period? - ANS 24 ( with at 3 hours in ethics)
Which of the following statements is FALSE with respect to HIV testing? - ANS A person may
not Opt-Out of HIV testing
With regard to examinations, Which of the following statements is NOT correct? - ANS 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? - ANS 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? - ANS An agent
who will be transacting business in Louisiana under an assumed name must notify the
Commissioner prior to using the assumed name.
Which of the following statements is FALSE regarding requirements for accelerated benefits? -
ANS Accelerated benefits effective for illness immediately upon the effective date.
An initial privacy notice is NOT required to be provided to: - ANS A prospective customer
When do individual producer licenses expire? - ANS April 30th of each even-numbered year.
Which of the following statements is TRUE regarding accelerated benefits? - ANS Accelerated
benefits must provide for a lump sum benefit option.
With regard to examinations by the Commissioner, the Commissioner: - ANS Must conduct a
financial examination of an insurer at least once every 5 years.
Pg. 2 Copyright © 2025 Jasonmcconell. ALL RIGHTS RESERVED.
