1|Page
LA Series 103 exam Newest 2025 Complete All Questions
And Correct Detailed Answers (Verified Answers)|Already
Graded A+
A rider that assures premiums will be paid on a juvenile policy until the
child reaches a specific age is called - CORRECT ANSWER-payor rider
A rollover from a Traditional IRA to another IRA must be done within
___ days to avoid tax consequences - CORRECT ANSWER-60
A Roth IRA owner must be at least what age in order to make tax-free
withdrawals - CORRECT ANSWER-59 1/2 and owned account for
minimum of 5 years
A securities license is required for a life insurance agent producer to sell
- CORRECT ANSWER-Variable Life Insurance
A type of group that has a constitution and bylaws and has been
organized for purposes other than obtaining insurance is called a -
CORRECT ANSWER-association or labor group
,2|Page
A viatical settlement broker may NOT - CORRECT ANSWER-make any
transactions before being approved for a license.
A waiver of premium rider allows an insured to waive premium
payments if the insured is - CORRECT ANSWER-completely and
permanently disabled
A Whole life Insurance policy accumulates cash value that becomes -
CORRECT ANSWER-The policy loan value which the insured may borrow
against against
A whole life policy option where extended term insurance is selected is
called a(n) - CORRECT ANSWER-nonforfeiture option
A(n) _______ sells, solicits, or negotiates insurance on behalf of
insurance companies for compensation - CORRECT ANSWER-producer
According to HIPPA, when an insured individual leaves an employer and
immediately begins working for a new company that offers group health
insurance, the individual - CORRECT ANSWER-is eligible for coverage
upon hire
According to life insurance contract law, insurable interest exists -
CORRECT ANSWER-at the time of application
,3|Page
According to Louisiana law, group life insurance conversion privileges
must NOT - CORRECT ANSWER-require evidence of insurability
According to the Health Insurance Portability and Accountability Act
(HIPPA), when can a group health policy renewal be denied? - CORRECT
ANSWER-Participation or contribution rules have been violated
Advertising regulations exist in order to - CORRECT ANSWER-
demonstrate full and truthful disclosure to the public
After ____ years from date of issue, a policy can no longer be cancelled
by the insurer for misstatements (except for fraud) - CORRECT ANSWER-
3
After a disability policy has been in force for ____ year(s), it is
considered incontestable - CORRECT ANSWER-3
After an annuity has been in force for ____ year(s), it is considered
incontestable - CORRECT ANSWER-2 years
After an insured gives notice of loss, what must he/she do if the insurer
does not furnish forms? - CORRECT ANSWER-File written proof of loss
, 4|Page
After the first payment is made, the grace period for an accident and
health policy is - CORRECT ANSWER-30 days
All _____ policies must be guaranteed renewable - CORRECT ANSWER-
long term care
All health Benefit Plans issued after January 1, 2014 must provide -
CORRECT ANSWER-preventative health services
All Louisiana licesed producers must complete which of the following
continuing education requirements - CORRECT ANSWER-24 hours every
2 years
All MedicareSupplement policies MUST contain which provisions? -
CORRECT ANSWER-Pre-Existing conditions may be excluded from
coverage for a maximum of 6 months.
All of the following actions are considered rebating except - CORRECT
ANSWER-Sharing commissions with other producers
All of the following are characteristics of a Group Life Insurance Plan
EXCEPT - CORRECT ANSWER-individual underwriting
LA Series 103 exam Newest 2025 Complete All Questions
And Correct Detailed Answers (Verified Answers)|Already
Graded A+
A rider that assures premiums will be paid on a juvenile policy until the
child reaches a specific age is called - CORRECT ANSWER-payor rider
A rollover from a Traditional IRA to another IRA must be done within
___ days to avoid tax consequences - CORRECT ANSWER-60
A Roth IRA owner must be at least what age in order to make tax-free
withdrawals - CORRECT ANSWER-59 1/2 and owned account for
minimum of 5 years
A securities license is required for a life insurance agent producer to sell
- CORRECT ANSWER-Variable Life Insurance
A type of group that has a constitution and bylaws and has been
organized for purposes other than obtaining insurance is called a -
CORRECT ANSWER-association or labor group
,2|Page
A viatical settlement broker may NOT - CORRECT ANSWER-make any
transactions before being approved for a license.
A waiver of premium rider allows an insured to waive premium
payments if the insured is - CORRECT ANSWER-completely and
permanently disabled
A Whole life Insurance policy accumulates cash value that becomes -
CORRECT ANSWER-The policy loan value which the insured may borrow
against against
A whole life policy option where extended term insurance is selected is
called a(n) - CORRECT ANSWER-nonforfeiture option
A(n) _______ sells, solicits, or negotiates insurance on behalf of
insurance companies for compensation - CORRECT ANSWER-producer
According to HIPPA, when an insured individual leaves an employer and
immediately begins working for a new company that offers group health
insurance, the individual - CORRECT ANSWER-is eligible for coverage
upon hire
According to life insurance contract law, insurable interest exists -
CORRECT ANSWER-at the time of application
,3|Page
According to Louisiana law, group life insurance conversion privileges
must NOT - CORRECT ANSWER-require evidence of insurability
According to the Health Insurance Portability and Accountability Act
(HIPPA), when can a group health policy renewal be denied? - CORRECT
ANSWER-Participation or contribution rules have been violated
Advertising regulations exist in order to - CORRECT ANSWER-
demonstrate full and truthful disclosure to the public
After ____ years from date of issue, a policy can no longer be cancelled
by the insurer for misstatements (except for fraud) - CORRECT ANSWER-
3
After a disability policy has been in force for ____ year(s), it is
considered incontestable - CORRECT ANSWER-3
After an annuity has been in force for ____ year(s), it is considered
incontestable - CORRECT ANSWER-2 years
After an insured gives notice of loss, what must he/she do if the insurer
does not furnish forms? - CORRECT ANSWER-File written proof of loss
, 4|Page
After the first payment is made, the grace period for an accident and
health policy is - CORRECT ANSWER-30 days
All _____ policies must be guaranteed renewable - CORRECT ANSWER-
long term care
All health Benefit Plans issued after January 1, 2014 must provide -
CORRECT ANSWER-preventative health services
All Louisiana licesed producers must complete which of the following
continuing education requirements - CORRECT ANSWER-24 hours every
2 years
All MedicareSupplement policies MUST contain which provisions? -
CORRECT ANSWER-Pre-Existing conditions may be excluded from
coverage for a maximum of 6 months.
All of the following actions are considered rebating except - CORRECT
ANSWER-Sharing commissions with other producers
All of the following are characteristics of a Group Life Insurance Plan
EXCEPT - CORRECT ANSWER-individual underwriting
