Social Science Business Insurance
LA Life, Health & Accident Insurance Series
103 Practice Exam COMPLETE QUESTIONS
AND ANSWERS | ALREADY PASSED | 2025
LATEST!!
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Under which situation When a third-party applicant names themselves
must insurable interest beneficiary.
exist between the
applicant and insured at
the time of application?
Which of the following is The face amount reaches zero at policy expiration.
true about a decreasing
term life policy?
Which of the following The underwriting process begins
occurs immediately after
the application is
submitted and the initial
premium paid?
For an individual long- Age
term care policy there is
an annual dollar limit for
tax deductions that is
based on which of the
following?
, All of the following are The incomplete application can be accepted with the
TRUE regarding missing information added later.
incomplete applications
EXCEPT
Which of the following is Fraudulent misstatements
exempted from the
incontestability provision
in insurance policies?
All of the following Any chronic health condition that presents symptoms
statements define and which was unknown at the time of application.
preexisting conditions
EXCEPT
At which point are At the time the policy is purchased by the owner of
contractual death benefit the policy
settlement options
determined and by
whom?
All of the following are tax Section 529 plan
qualified retirement plans
EXCEPT
In which of the following Flexible Spending Account (FSA)
does a covered employee
agree to a reduction in
compensation so the
amount can be used to
cover medical expenses?
A consumer report used Medical underwriting exam.
to determine eligibility for
insurance may include all
of the following EXCEPT
LA Life, Health & Accident Insurance Series
103 Practice Exam COMPLETE QUESTIONS
AND ANSWERS | ALREADY PASSED | 2025
LATEST!!
Save
Under which situation When a third-party applicant names themselves
must insurable interest beneficiary.
exist between the
applicant and insured at
the time of application?
Which of the following is The face amount reaches zero at policy expiration.
true about a decreasing
term life policy?
Which of the following The underwriting process begins
occurs immediately after
the application is
submitted and the initial
premium paid?
For an individual long- Age
term care policy there is
an annual dollar limit for
tax deductions that is
based on which of the
following?
, All of the following are The incomplete application can be accepted with the
TRUE regarding missing information added later.
incomplete applications
EXCEPT
Which of the following is Fraudulent misstatements
exempted from the
incontestability provision
in insurance policies?
All of the following Any chronic health condition that presents symptoms
statements define and which was unknown at the time of application.
preexisting conditions
EXCEPT
At which point are At the time the policy is purchased by the owner of
contractual death benefit the policy
settlement options
determined and by
whom?
All of the following are tax Section 529 plan
qualified retirement plans
EXCEPT
In which of the following Flexible Spending Account (FSA)
does a covered employee
agree to a reduction in
compensation so the
amount can be used to
cover medical expenses?
A consumer report used Medical underwriting exam.
to determine eligibility for
insurance may include all
of the following EXCEPT
