LA LIFE INSURANCE SERIES 101 EXAMINATION
TEST 2026 COMPLETE QUESTIONS AND
ANSWERS GRADED A+
◍ 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
◍ When do individual producer licenses expire? Answer:April 30th of
each even-numbered year.
◍ Which of the following statements is TRUE regarding accelerated
benefits? Answer:Accelerated benefits must provide for a lump sum
benefit option.
◍ With regard to examinations by the Commissioner, the
Commissioner: Answer:Must conduct a financial examination of an
insurer at least once every 5 years.
◍ Which of the following statements is true with respect to
supplemental illustrations? Answer:A supplemental illustration must be
accompanied by or preceded by a basic illustration.
◍ For those individuals who have health issues, Which of the following
would be an insurance plan to consider? Answer:Group
TEST 2026 COMPLETE QUESTIONS AND
ANSWERS GRADED A+
◍ 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
◍ When do individual producer licenses expire? Answer:April 30th of
each even-numbered year.
◍ Which of the following statements is TRUE regarding accelerated
benefits? Answer:Accelerated benefits must provide for a lump sum
benefit option.
◍ With regard to examinations by the Commissioner, the
Commissioner: Answer:Must conduct a financial examination of an
insurer at least once every 5 years.
◍ Which of the following statements is true with respect to
supplemental illustrations? Answer:A supplemental illustration must be
accompanied by or preceded by a basic illustration.
◍ For those individuals who have health issues, Which of the following
would be an insurance plan to consider? Answer:Group
