LA LIFE INSURANCE SERIES 101 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

LA LIFE INSURANCE SERIES 101 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Which type of rider pays out a capital sum in case an insured loses a limb or their eyesight? - Answer -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? - Answer - 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? - Answer -Regulate the replacement of Insurance by the consumer Which of the following is NOT an example of a prohibited practice? - Answer -Backdating When demanded, Hearing are held: - Answer -Within 30 days after the date a hearing is demanded Which of the following is not a standard or requirement for an illustration? - Answer -Guaranteed elements must be labeled as such, but non-guaranteed elements need not to be labeled Which of the following statements is NOT correct? - Answer -In lieu of fines, the Commissioner may have a producer imprisoned for up to one year.How many credit hours of continuing education must a producer complete every renewal period? - Answer -24 ( with at 3 hours in ethics) Which of the following statements is FALSE with respect to HIV testing? - Answer -A person may not Opt-Out of HIV testing With regard to examinations, Which of the following statements is NOT correct? - Answer -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? - Answer -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? - Answer -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? - Answer -Accelerated benefits effective for illness immediately upon the effective date. An initial privacy notice is NOT required to be provided to: - Answer -A prospective customer