Louisiana Life and Health Insurance Real Exam Review|
2025–2026 | 150 Practice Questions with 100% Verified
Correct Answers | Complete Licensing Prep Guide
When are group disability benefits considered to be tax-free to the insured? - correct answer -
When the recipient pays the premiums
A producer's license in Louisiana must be renewed every - correct answer -Two years
An insured has a health plan that pays established amounts in accordance with a list of injuries,
surgical procedures, or other losses. This list is called a - correct answer -benefit schedule
An insurable interest in each other's lives may exist in absence of an economic interest when
the individuals are - correct answer -Marriage partners
What is the elimination period of an individual disability policy? - correct answer -Time period a
disabled person must wait before benefits are paid
David submits a $500 claim for medical expenses. There is a past-due amount owed for
insurance premiums of $200. As a result, the insurer only pays $300 for the claim. This
deduction came as a result of which provision? - correct answer -Unpaid provision
Without a Section 125 Plan in place, what would happen to an employee's payroll contribution
to an HSA? - correct answer -It would be considered taxable income to the employee
What is the nonforfeiture value of an annuity before annuitization? - correct answer -All
premiums paid, plus interest, minus any withdrawals and surrender charges
Which statement is true regarding Louisiana's continuing education requirements for licensed
producers? - correct answer -A producer must meet specified course requirements within a
two-year period
,In order to activate the reinstatement clause of a lapsed life insurance policy, the insured MUST
- correct answer -provide evidence of insurability to the insurer
All of the following are unfair claims settlement practices EXCEPT - correct answer -An attempt
to settle a claim by arbitration
Which type of plan would be most appropriate for an individual on Medicare and is concerned
that Medicare will NOT pay for charges exceeding the approved amount? - correct answer -
Medicare supplement Plan F
A producer who is licensed in Louisiana but resident in another state is called a - correct answer
-nonresident producer
Before an insurance company may sell insurance in Louisiana, the company must: - correct
answer -Secure a certificate of authority from the Department of Insurance
A rider that assures premiums will be paid on a juvenile policy until the child reaches a specific
age is called a(n) - correct answer -payor rider
Under the Fair Credit Reporting Act, which statement is true? - correct answer -The consumer
who was investigated must be advised that credit, insurance, or employment was denied
because of an unfavorable report.
A long-term care policy typically provides all of the following levels of care EXCEPT - correct
answer -acute care
When an insured changes to a more hazardous occupation, which disability policy provision
allows an insurer to adjust policy benefits and rates? - correct answer -Change of occupation
provision
, Which of the following is considered to be an alternative to a life settlement? - correct answer -
Accelerated death benefit rider
A health insurance policy covers the insured, the insured's spouse, and their child. If additional
children are born to the family, the health insurance policy must cover the children - correct
answer -From the date of birth
Ron has a new employer and wishes to enroll in the company's group health plan. In
determining whether his pre-existing health condition applies, Ron cannot have more than a
___ day gap without previous health insurance. - correct answer -63
An insurance producer is one who may do all of the following EXCEPT - correct answer -
Underwrite insurance contracts
Fixed period settlement options are considered to be a form of a(n) - correct answer -annuity
Which situation accurately describes a reduced paid-up nonforfeiture option? - correct answer -
Policy has a decreased face amount
All of these are valid options for an Adjustable Life Policy EXCEPT - correct answer -A
nonforfeiture option can be used to increase the death benefit
The policyholder for a group health benefit plan is considered to be the - correct answer -
Employer
Lisa has recently bought a fixed annuity. Which of these is considered to be a disadvantage of
owning this type of annuity? - correct answer -During periods of inflation, annuitants will
experience a decrease in purchasing power of their payments
Maria would like an annuity that provides a guaranteed accumulation or payout. The type of
annuity she is seeking is called - correct answer -annuity certain
2025–2026 | 150 Practice Questions with 100% Verified
Correct Answers | Complete Licensing Prep Guide
When are group disability benefits considered to be tax-free to the insured? - correct answer -
When the recipient pays the premiums
A producer's license in Louisiana must be renewed every - correct answer -Two years
An insured has a health plan that pays established amounts in accordance with a list of injuries,
surgical procedures, or other losses. This list is called a - correct answer -benefit schedule
An insurable interest in each other's lives may exist in absence of an economic interest when
the individuals are - correct answer -Marriage partners
What is the elimination period of an individual disability policy? - correct answer -Time period a
disabled person must wait before benefits are paid
David submits a $500 claim for medical expenses. There is a past-due amount owed for
insurance premiums of $200. As a result, the insurer only pays $300 for the claim. This
deduction came as a result of which provision? - correct answer -Unpaid provision
Without a Section 125 Plan in place, what would happen to an employee's payroll contribution
to an HSA? - correct answer -It would be considered taxable income to the employee
What is the nonforfeiture value of an annuity before annuitization? - correct answer -All
premiums paid, plus interest, minus any withdrawals and surrender charges
Which statement is true regarding Louisiana's continuing education requirements for licensed
producers? - correct answer -A producer must meet specified course requirements within a
two-year period
,In order to activate the reinstatement clause of a lapsed life insurance policy, the insured MUST
- correct answer -provide evidence of insurability to the insurer
All of the following are unfair claims settlement practices EXCEPT - correct answer -An attempt
to settle a claim by arbitration
Which type of plan would be most appropriate for an individual on Medicare and is concerned
that Medicare will NOT pay for charges exceeding the approved amount? - correct answer -
Medicare supplement Plan F
A producer who is licensed in Louisiana but resident in another state is called a - correct answer
-nonresident producer
Before an insurance company may sell insurance in Louisiana, the company must: - correct
answer -Secure a certificate of authority from the Department of Insurance
A rider that assures premiums will be paid on a juvenile policy until the child reaches a specific
age is called a(n) - correct answer -payor rider
Under the Fair Credit Reporting Act, which statement is true? - correct answer -The consumer
who was investigated must be advised that credit, insurance, or employment was denied
because of an unfavorable report.
A long-term care policy typically provides all of the following levels of care EXCEPT - correct
answer -acute care
When an insured changes to a more hazardous occupation, which disability policy provision
allows an insurer to adjust policy benefits and rates? - correct answer -Change of occupation
provision
, Which of the following is considered to be an alternative to a life settlement? - correct answer -
Accelerated death benefit rider
A health insurance policy covers the insured, the insured's spouse, and their child. If additional
children are born to the family, the health insurance policy must cover the children - correct
answer -From the date of birth
Ron has a new employer and wishes to enroll in the company's group health plan. In
determining whether his pre-existing health condition applies, Ron cannot have more than a
___ day gap without previous health insurance. - correct answer -63
An insurance producer is one who may do all of the following EXCEPT - correct answer -
Underwrite insurance contracts
Fixed period settlement options are considered to be a form of a(n) - correct answer -annuity
Which situation accurately describes a reduced paid-up nonforfeiture option? - correct answer -
Policy has a decreased face amount
All of these are valid options for an Adjustable Life Policy EXCEPT - correct answer -A
nonforfeiture option can be used to increase the death benefit
The policyholder for a group health benefit plan is considered to be the - correct answer -
Employer
Lisa has recently bought a fixed annuity. Which of these is considered to be a disadvantage of
owning this type of annuity? - correct answer -During periods of inflation, annuitants will
experience a decrease in purchasing power of their payments
Maria would like an annuity that provides a guaranteed accumulation or payout. The type of
annuity she is seeking is called - correct answer -annuity certain
