LA Life Insurance Series 101 Exam
Questions With Correct Answers
Which ctype cof crider cpays cout ca ccapital csum cin ccase can cinsured closes ca climb cor
ctheir ceyesight? c- cCORRECT cANS✔✔Accidental cDeath cand cDismemberment
If ca cpolicyowner cof ca cconvertible cterm clife cinsurance cpolicy cexercises chis/her cright
cto cconvert, cwhich cof cthe cfollowing cwill chappen? c- cCORRECT cANS✔✔The cterm
cpolicy cwill cbe creplaced cby ca cpermanent clife cinsurance cpolicy
Which cof cthe cfollowing cis cNOT ca cpurpose cof cthe crule cregarding creplacement cof
cLife cInsurance? c- cCORRECT cANS✔✔Regulate cthe creplacement cof cInsurance cby
cthe cconsumer
Which cof cthe cfollowing cis cNOT can cexample cof ca cprohibited cpractice? c- cCORRECT
cANS✔✔Backdating
When cdemanded, cHearing care cheld: c- cCORRECT cANS✔✔Within c30 cdays cafter cthe
cdate ca chearing cis cdemanded
Which cof cthe cfollowing cis cnot ca cstandard cor crequirement cfor can cillustration? c-
cCORRECT cANS✔✔Guaranteed celements cmust cbe clabeled cas csuch, cbut cnon-
guaranteed celements cneed cnot cto cbe clabeled
Which cof cthe cfollowing cstatements cis cNOT ccorrect? c- cCORRECT cANS✔✔In clieu cof
cfines, cthe cCommissioner cmay chave ca cproducer cimprisoned cfor cup cto cone cyear.
How cmany ccredit chours cof ccontinuing ceducation cmust ca cproducer ccomplete cevery
crenewal cperiod? c- cCORRECT cANS✔✔24 c( cwith cat c3 chours cin cethics)
Which cof cthe cfollowing cstatements cis cFALSE cwith crespect cto cHIV ctesting? c-
cCORRECT cANS✔✔A cperson cmay cnot cOpt-Out cof cHIV ctesting
With cregard cto cexaminations, cWhich cof cthe cfollowing cstatements cis cNOT ccorrect? c-
cCORRECT cANS✔✔The cexpense cof cexamination cof can cinsurer cor cof cany cperson
cis cpaid cby cthe cDepartment
Which cof cthe cfollowing cCORRECTLY cdescribes cthe cpractice cof cTwisting? c-
cCORRECT cANS✔✔Misleading cand cconvincing can cinsured cto csurrender, clapse, cor
cexchange can cexisting cpolicy cfor ca cdifferent cone, cto cthe cinsured's cdetriment.
, Which cof cthe cfollowing cstatements cis cTRUE cwith crespect cto cassumed cnames? c-
cCORRECT cANS✔✔An cagent cwho cwill cbe ctransacting cbusiness cin cLouisiana cunder
can cassumed cname cmust cnotify cthe cCommissioner cprior cto cusing cthe cassumed
cname.
Which cof cthe cfollowing cstatements cis cFALSE cregarding crequirements cfor
caccelerated cbenefits? c- cCORRECT cANS✔✔Accelerated cbenefits ceffective cfor
cillness cimmediately cupon cthe ceffective cdate.
An cinitial cprivacy cnotice cis cNOT crequired cto cbe cprovided cto: c- cCORRECT
cANS✔✔A cprospective ccustomer
When cdo cindividual cproducer clicenses cexpire? c- cCORRECT cANS✔✔April c30th cof
ceach ceven-numbered cyear.
Which cof cthe cfollowing cstatements cis cTRUE cregarding caccelerated cbenefits? c-
cCORRECT cANS✔✔Accelerated cbenefits cmust cprovide cfor ca clump csum cbenefit
coption.
With cregard cto cexaminations cby cthe cCommissioner, cthe cCommissioner: c-
cCORRECT cANS✔✔Must cconduct ca cfinancial cexamination cof can cinsurer cat cleast
conce cevery c5 cyears.
Which cof cthe cfollowing cstatements cis ctrue cwith crespect cto csupplemental
cillustrations? c- cCORRECT cANS✔✔A csupplemental cillustration cmust cbe
caccompanied cby cor cpreceded cby ca cbasic cillustration.
For cthose cindividuals cwho chave chealth cissues, cWhich cof cthe cfollowing cwould cbe can
cinsurance cplan cto cconsider? c- cCORRECT cANS✔✔Group
When cmust clicensees cprovide cprivacy cnotices cto cindividual ccustomers? c-
cCORRECT cANS✔✔Annually
The cinvestor cmust cdo call cof cthe cfollowing cin ca cSTOLI/IOLI ctransaction, cEXCEPT: c-
cCORRECT cANS✔✔Fill cout cthe capplication cfor cLife cInsurance con cbehalf cof cthe
cInsured.
Which cof cthe cfollowing cbest cdescribes ca cstatement cof cGood cHealth? c- cCORRECT
cANS✔✔It cverifies cthat cthe cinsured chas cnot csuffered ca cserious cillness cor cinjury
crequiring csurgery cor chospitalization csince cthe capplication cdate.
Which cof cthe cfollowing cis cFALSE cconcerning clicensing cfor cthe cVariable cproducts? c-
cCORRECT cANS✔✔An cagent cmust cbe clicensed cas ca cLife cagent cin corder cto csell ca
cregistered cVariable ccontract.
Questions With Correct Answers
Which ctype cof crider cpays cout ca ccapital csum cin ccase can cinsured closes ca climb cor
ctheir ceyesight? c- cCORRECT cANS✔✔Accidental cDeath cand cDismemberment
If ca cpolicyowner cof ca cconvertible cterm clife cinsurance cpolicy cexercises chis/her cright
cto cconvert, cwhich cof cthe cfollowing cwill chappen? c- cCORRECT cANS✔✔The cterm
cpolicy cwill cbe creplaced cby ca cpermanent clife cinsurance cpolicy
Which cof cthe cfollowing cis cNOT ca cpurpose cof cthe crule cregarding creplacement cof
cLife cInsurance? c- cCORRECT cANS✔✔Regulate cthe creplacement cof cInsurance cby
cthe cconsumer
Which cof cthe cfollowing cis cNOT can cexample cof ca cprohibited cpractice? c- cCORRECT
cANS✔✔Backdating
When cdemanded, cHearing care cheld: c- cCORRECT cANS✔✔Within c30 cdays cafter cthe
cdate ca chearing cis cdemanded
Which cof cthe cfollowing cis cnot ca cstandard cor crequirement cfor can cillustration? c-
cCORRECT cANS✔✔Guaranteed celements cmust cbe clabeled cas csuch, cbut cnon-
guaranteed celements cneed cnot cto cbe clabeled
Which cof cthe cfollowing cstatements cis cNOT ccorrect? c- cCORRECT cANS✔✔In clieu cof
cfines, cthe cCommissioner cmay chave ca cproducer cimprisoned cfor cup cto cone cyear.
How cmany ccredit chours cof ccontinuing ceducation cmust ca cproducer ccomplete cevery
crenewal cperiod? c- cCORRECT cANS✔✔24 c( cwith cat c3 chours cin cethics)
Which cof cthe cfollowing cstatements cis cFALSE cwith crespect cto cHIV ctesting? c-
cCORRECT cANS✔✔A cperson cmay cnot cOpt-Out cof cHIV ctesting
With cregard cto cexaminations, cWhich cof cthe cfollowing cstatements cis cNOT ccorrect? c-
cCORRECT cANS✔✔The cexpense cof cexamination cof can cinsurer cor cof cany cperson
cis cpaid cby cthe cDepartment
Which cof cthe cfollowing cCORRECTLY cdescribes cthe cpractice cof cTwisting? c-
cCORRECT cANS✔✔Misleading cand cconvincing can cinsured cto csurrender, clapse, cor
cexchange can cexisting cpolicy cfor ca cdifferent cone, cto cthe cinsured's cdetriment.
, Which cof cthe cfollowing cstatements cis cTRUE cwith crespect cto cassumed cnames? c-
cCORRECT cANS✔✔An cagent cwho cwill cbe ctransacting cbusiness cin cLouisiana cunder
can cassumed cname cmust cnotify cthe cCommissioner cprior cto cusing cthe cassumed
cname.
Which cof cthe cfollowing cstatements cis cFALSE cregarding crequirements cfor
caccelerated cbenefits? c- cCORRECT cANS✔✔Accelerated cbenefits ceffective cfor
cillness cimmediately cupon cthe ceffective cdate.
An cinitial cprivacy cnotice cis cNOT crequired cto cbe cprovided cto: c- cCORRECT
cANS✔✔A cprospective ccustomer
When cdo cindividual cproducer clicenses cexpire? c- cCORRECT cANS✔✔April c30th cof
ceach ceven-numbered cyear.
Which cof cthe cfollowing cstatements cis cTRUE cregarding caccelerated cbenefits? c-
cCORRECT cANS✔✔Accelerated cbenefits cmust cprovide cfor ca clump csum cbenefit
coption.
With cregard cto cexaminations cby cthe cCommissioner, cthe cCommissioner: c-
cCORRECT cANS✔✔Must cconduct ca cfinancial cexamination cof can cinsurer cat cleast
conce cevery c5 cyears.
Which cof cthe cfollowing cstatements cis ctrue cwith crespect cto csupplemental
cillustrations? c- cCORRECT cANS✔✔A csupplemental cillustration cmust cbe
caccompanied cby cor cpreceded cby ca cbasic cillustration.
For cthose cindividuals cwho chave chealth cissues, cWhich cof cthe cfollowing cwould cbe can
cinsurance cplan cto cconsider? c- cCORRECT cANS✔✔Group
When cmust clicensees cprovide cprivacy cnotices cto cindividual ccustomers? c-
cCORRECT cANS✔✔Annually
The cinvestor cmust cdo call cof cthe cfollowing cin ca cSTOLI/IOLI ctransaction, cEXCEPT: c-
cCORRECT cANS✔✔Fill cout cthe capplication cfor cLife cInsurance con cbehalf cof cthe
cInsured.
Which cof cthe cfollowing cbest cdescribes ca cstatement cof cGood cHealth? c- cCORRECT
cANS✔✔It cverifies cthat cthe cinsured chas cnot csuffered ca cserious cillness cor cinjury
crequiring csurgery cor chospitalization csince cthe capplication cdate.
Which cof cthe cfollowing cis cFALSE cconcerning clicensing cfor cthe cVariable cproducts? c-
cCORRECT cANS✔✔An cagent cmust cbe clicensed cas ca cLife cagent cin corder cto csell ca
cregistered cVariable ccontract.
