10/9/25, 6:46 PM LA Series 103 EXAM comprehensive questions and verified answers| get it 100% ACCURATE!! Flashcards | Quizlet
LA Series 103 EXAM comprehensive questions
and verified answers| get it 100% ACCURATE!!
Save
Terms in this set (732)
Maximum benefit refers to upper limit of the total lifetime benefits the insurance
the company will pay
____ is NOT an element of a Countersignature
valid contract
______ life is designed to pay Credit
the balance of a loan if
the insured dies before
repayment of the loan
A 10% excise tax is 7.50%
normally applied to an
early withdrawal from an
IRA. According to HIPPA,
this tax will not be applied
if the withdrawal is used
for medical expenses
EXAM comprehensive
questions and verified
answers| get it 100%
ACCURATE!!
that exceed ___ of the
individual's adjusted gross
income.
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,10/9/25, 6:46 PM LA Series 103 EXAM comprehensive questions and verified answers| get it 100% ACCURATE!! Flashcards | Quizlet
A beneficiary change can normally at any time during the policy term.
occur:
A beneficiary has just No federal income tax is owed on the life insurance
received a claim payment proceeds.
for a life insurance policy.
Which of the following is
TRUE regarding federal
income tax liability.
A business entity wishing obtain a producer's license.
to act as an insurance
producer MUST
A business will will Group Policy
typically use which type of
life insurance to cover
their employees?
A cease and decist order forbids a stated practice listed in the order.
A change in an insurance an initial made by the applicant.
application requires
A clause that allows an optional renewability clause
insurer the right to
terminate coverage at any
anniversary date is called
a(n)
A comman exclusion with lasik surgery
Vision plans is
A company that is authorized insurer
authorized by the
Commissioner to transact
insurance business in
Louisiana is called a(n)
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,10/9/25, 6:46 PM LA Series 103 EXAM comprehensive questions and verified answers| get it 100% ACCURATE!! Flashcards | Quizlet
A dependent child may has a mental or physical handicap and remains
remain on a parents health dependent on the parent
insurance beyond the age
of 26 if the child
A disability elimination time deductible
period is best described
as
A disability income policy benefit limits
can prevent an insured
from earning a higher
income than if he/she
were working by utilizing
A doctor who accepts Doctor cannot charge more than Medicare's
Medicare Assignment scheduled coverage
agrees to which of the
following?
A domestic insurance be organized under Louisiana insurance laws
company in Louisiana
MUST
A field underwriter's main to ensure an applicant's medical information is
task is accurate and complete.
A foreign insurance is a company that was formed under the laws of
company doing business another state.
in Louisiana
A form of medical health Dental expense insurance
insurance covering the
treatment and care of gum
A group Disability Income fully contributory
plan that pays tax-free
benefits to covered
employees is considered
A guaranteed issued medical underwriting
insurance policy has no
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, 10/9/25, 6:46 PM LA Series 103 EXAM comprehensive questions and verified answers| get it 100% ACCURATE!! Flashcards | Quizlet
A health care provider Fee-for service
claim may be settled using
which of the following
payment methods?
A health insurance policy guaranteed renewable policy
where the insurer has the
right to terminate the
policy owner's premiums,
but NOT cancel the policy
is called a(n)
A health insurance policy conditionally renewable
where the insurer has the
right to terminate the
policy for reasons other
than the insured's health is
called
A health insurance policy preventative health services
will typically cover
A licensed producer MUST appointed
be _____ by an insurer to be
eligible for soliciting
insurance contracts
A life insurance claim named living primary beneficiaries
which involves a per
capita distribution of
policy proceeds would be
payable to the
A life insurance company reinsurer
has transferred some of its
risk to another insurer. The
insurer assuming the risk is
called the
https://quizlet.com/1090306491/la-series-103-exam-comprehensive-questions-and-verified-answers-get-it-100-accurate-flash-cards/?new 4/105
LA Series 103 EXAM comprehensive questions
and verified answers| get it 100% ACCURATE!!
Save
Terms in this set (732)
Maximum benefit refers to upper limit of the total lifetime benefits the insurance
the company will pay
____ is NOT an element of a Countersignature
valid contract
______ life is designed to pay Credit
the balance of a loan if
the insured dies before
repayment of the loan
A 10% excise tax is 7.50%
normally applied to an
early withdrawal from an
IRA. According to HIPPA,
this tax will not be applied
if the withdrawal is used
for medical expenses
EXAM comprehensive
questions and verified
answers| get it 100%
ACCURATE!!
that exceed ___ of the
individual's adjusted gross
income.
https://quizlet.com/1090306491/la-series-103-exam-comprehensive-questions-and-verified-answers-get-it-100-accurate-flash-cards/?new 1/105
,10/9/25, 6:46 PM LA Series 103 EXAM comprehensive questions and verified answers| get it 100% ACCURATE!! Flashcards | Quizlet
A beneficiary change can normally at any time during the policy term.
occur:
A beneficiary has just No federal income tax is owed on the life insurance
received a claim payment proceeds.
for a life insurance policy.
Which of the following is
TRUE regarding federal
income tax liability.
A business entity wishing obtain a producer's license.
to act as an insurance
producer MUST
A business will will Group Policy
typically use which type of
life insurance to cover
their employees?
A cease and decist order forbids a stated practice listed in the order.
A change in an insurance an initial made by the applicant.
application requires
A clause that allows an optional renewability clause
insurer the right to
terminate coverage at any
anniversary date is called
a(n)
A comman exclusion with lasik surgery
Vision plans is
A company that is authorized insurer
authorized by the
Commissioner to transact
insurance business in
Louisiana is called a(n)
https://quizlet.com/1090306491/la-series-103-exam-comprehensive-questions-and-verified-answers-get-it-100-accurate-flash-cards/?new 2/105
,10/9/25, 6:46 PM LA Series 103 EXAM comprehensive questions and verified answers| get it 100% ACCURATE!! Flashcards | Quizlet
A dependent child may has a mental or physical handicap and remains
remain on a parents health dependent on the parent
insurance beyond the age
of 26 if the child
A disability elimination time deductible
period is best described
as
A disability income policy benefit limits
can prevent an insured
from earning a higher
income than if he/she
were working by utilizing
A doctor who accepts Doctor cannot charge more than Medicare's
Medicare Assignment scheduled coverage
agrees to which of the
following?
A domestic insurance be organized under Louisiana insurance laws
company in Louisiana
MUST
A field underwriter's main to ensure an applicant's medical information is
task is accurate and complete.
A foreign insurance is a company that was formed under the laws of
company doing business another state.
in Louisiana
A form of medical health Dental expense insurance
insurance covering the
treatment and care of gum
A group Disability Income fully contributory
plan that pays tax-free
benefits to covered
employees is considered
A guaranteed issued medical underwriting
insurance policy has no
https://quizlet.com/1090306491/la-series-103-exam-comprehensive-questions-and-verified-answers-get-it-100-accurate-flash-cards/?new 3/105
, 10/9/25, 6:46 PM LA Series 103 EXAM comprehensive questions and verified answers| get it 100% ACCURATE!! Flashcards | Quizlet
A health care provider Fee-for service
claim may be settled using
which of the following
payment methods?
A health insurance policy guaranteed renewable policy
where the insurer has the
right to terminate the
policy owner's premiums,
but NOT cancel the policy
is called a(n)
A health insurance policy conditionally renewable
where the insurer has the
right to terminate the
policy for reasons other
than the insured's health is
called
A health insurance policy preventative health services
will typically cover
A licensed producer MUST appointed
be _____ by an insurer to be
eligible for soliciting
insurance contracts
A life insurance claim named living primary beneficiaries
which involves a per
capita distribution of
policy proceeds would be
payable to the
A life insurance company reinsurer
has transferred some of its
risk to another insurer. The
insurer assuming the risk is
called the
https://quizlet.com/1090306491/la-series-103-exam-comprehensive-questions-and-verified-answers-get-it-100-accurate-flash-cards/?new 4/105
