LOUISIANA LIFE AND HEALTH STATE 103 SIMULATOR
EXAM
Louisiana residents who are uninsurable may obtain health coverage through the -
Answer -Louisiana Health Insurance Association
What are an applicant's statements concerning occupation, hobbies, and personal
health history regarded as? - Answer -Representation
The principle of insurable interest, in regards to a life insurance contract, is accurately
described in which statement? - Answer -Insurable interest can be based on the love
and affection of individuals related by blood or law
Which clause defines total disability as being unable to perform the major duties of the
insured regular occupation? - Answer -Own occupation clause
What would happen if a life insurance applicant is given a conditional receipt from an
insurance agent and then dies the next day? - Answer -Claim will be paid if money was
received by the insurance company.
How are annuities given favorable tax treatment? - Answer -Gains are taxed at
distribution
Maria is a Preferred Provider Organization (PPO) subscriber and received care from an
out of work provider. Which of the following is the likely results - Answer -Care is
Covered
Jonas is a whole life insurance policyowner and would like to add coverage for his two
children. Which of the following products would allow him to accomplish this? - Answer
-Child term rider
The elimination period under a hospital indemnity plan is? - Answer -The specified
number of days an insured must wait before becoming eligible to receive benefits for
each hospitalization
All of the following are included as part of a contract in the entire contract provision
except the - Answer -Changes made by the producer
Which type of multiple protection policy pays on the death of the last person? - Answer
-Survivorship Life policy
Insurance companies determine risk exposure by which of the following? - Answer -
Law of large numbers and risk pooling
, Which of the following actions may an insurance company NOT do in a health policy
that contains a guaranteed renewable premium benefit? - Answer -Increase the
premiums on a individual basis
An insurer may exclude preexisting conditions on a Medicare Supplement policy for
____ - Answer -6
Major medical insurance will typically cover medical expenses that result from? -
Answer -a negative reaction to prescribed medication
An individual can enroll in a Part C Medicare Advantage Plan at what time? - Answer -
When becoming eligible for Medicare
Insurance represents the process of risk - Answer -transference
The focus of major medical insurance is providing coverage for - Answer -medical and
hospitalization expenses
A life insurance replacement transaction could result in a(n) - Answer -Surrender
Charge
An eligible employee can be excluded from a group health coverage for up to ___
months if he/she is considered a "late enrollee" - Answer -18
Which of the following statements regarding Group Disability Income Insurance is
TRUE? - Answer -It provides benefits for nonoccupational illnesses and injuries
To be classified as a small employer in Louisiana, and employer must employ - Answer
-1-50
What amount will be paid under a policy where the insured misstated his/her age? -
Answer -An amount the premium would have purchased at the correct age
Written notice for a health claim must be given to the insurer ____ days after the
occurrence of the loss. - Answer -20
Which of these is NOT considered a form of life insurance advertisement? - Answer -
Buyer's Guide
When a small employer health insurance plan is offered, it must be available? - Answer
-to all eligible employees who apply
What is involved when a life insurance policy has been backdated? - Answer -Making
the policy effective on an earlier date than the present
EXAM
Louisiana residents who are uninsurable may obtain health coverage through the -
Answer -Louisiana Health Insurance Association
What are an applicant's statements concerning occupation, hobbies, and personal
health history regarded as? - Answer -Representation
The principle of insurable interest, in regards to a life insurance contract, is accurately
described in which statement? - Answer -Insurable interest can be based on the love
and affection of individuals related by blood or law
Which clause defines total disability as being unable to perform the major duties of the
insured regular occupation? - Answer -Own occupation clause
What would happen if a life insurance applicant is given a conditional receipt from an
insurance agent and then dies the next day? - Answer -Claim will be paid if money was
received by the insurance company.
How are annuities given favorable tax treatment? - Answer -Gains are taxed at
distribution
Maria is a Preferred Provider Organization (PPO) subscriber and received care from an
out of work provider. Which of the following is the likely results - Answer -Care is
Covered
Jonas is a whole life insurance policyowner and would like to add coverage for his two
children. Which of the following products would allow him to accomplish this? - Answer
-Child term rider
The elimination period under a hospital indemnity plan is? - Answer -The specified
number of days an insured must wait before becoming eligible to receive benefits for
each hospitalization
All of the following are included as part of a contract in the entire contract provision
except the - Answer -Changes made by the producer
Which type of multiple protection policy pays on the death of the last person? - Answer
-Survivorship Life policy
Insurance companies determine risk exposure by which of the following? - Answer -
Law of large numbers and risk pooling
, Which of the following actions may an insurance company NOT do in a health policy
that contains a guaranteed renewable premium benefit? - Answer -Increase the
premiums on a individual basis
An insurer may exclude preexisting conditions on a Medicare Supplement policy for
____ - Answer -6
Major medical insurance will typically cover medical expenses that result from? -
Answer -a negative reaction to prescribed medication
An individual can enroll in a Part C Medicare Advantage Plan at what time? - Answer -
When becoming eligible for Medicare
Insurance represents the process of risk - Answer -transference
The focus of major medical insurance is providing coverage for - Answer -medical and
hospitalization expenses
A life insurance replacement transaction could result in a(n) - Answer -Surrender
Charge
An eligible employee can be excluded from a group health coverage for up to ___
months if he/she is considered a "late enrollee" - Answer -18
Which of the following statements regarding Group Disability Income Insurance is
TRUE? - Answer -It provides benefits for nonoccupational illnesses and injuries
To be classified as a small employer in Louisiana, and employer must employ - Answer
-1-50
What amount will be paid under a policy where the insured misstated his/her age? -
Answer -An amount the premium would have purchased at the correct age
Written notice for a health claim must be given to the insurer ____ days after the
occurrence of the loss. - Answer -20
Which of these is NOT considered a form of life insurance advertisement? - Answer -
Buyer's Guide
When a small employer health insurance plan is offered, it must be available? - Answer
-to all eligible employees who apply
What is involved when a life insurance policy has been backdated? - Answer -Making
the policy effective on an earlier date than the present
