Xcel Testing Solutions-Louisiana Life
and Health Insurance Exam Simulator -
199 Questions
Question 1: A cease and desist order issued against a producer
● Suspends the producer's certificate or broker's license
● Prevents the producer from receiving commissions
● Prohibits a specific practice listed in the order
● Terminates the producer's appointment with the insurer
Answer: Prohibits a specific practice listed in the order
Question 2: A clause that allows an insurer the right to terminate coverage at
any anniversary date is called a(n)
● conditionally renewability clause
● optional renewability clause
● selective renewability clause
● cancelable clause
Answer: optional renewability clause
Question 3: A disability elimination period is best described as a
● time deductible
● dollar deductible
● eligibility period
● probation period
Answer: time deductible
Question 4: A disability income policy can prevent an insured from earning a
higher income than if he/she were working by utilizing
● elimination periods
● probationary periods
● benefit limits
, ● deductibles
Answer: benefit limits
Question 5: A dread disease policy is considered to be a type of
● hospital expense policy
● group health insurance policy
● major medical insurance policy
● limited health insurance policy
Answer: Limited health insurance policy
Question 6: A group Disability Income plan that pays tax-free benefits to
covered employees is considered
● non-contributory
● partially contributory
● group contributory
● fully contributory
Answer: fully contributory
Question 7: A group life policy terminates a class of participants. To qualify for
an individual policy, an employee must do which of the following?
● Prove that he is insurable
● Have been insured at least 5 years
● Apply for the new policy within 30 days
● Pay at least two premiums in advance
Answer: Have been insured at least 5 years
Question 8: A guaranteed issue insurance policy has no
● initial premium requirement
● incontestable period
● waiting period
● medical underwriting
,Answer: medical underwriting
Question 9: A health care provider claim may be settled using which of the
following payment methods?
● Litigation
● Unfair claim settlement
● Fee-for-service
● Prepaid expense
Answer: Fee-for-service
Question 10: A licensee whose name or address changes must notify the
Commissioner within
● 10 days
● 30 days
● 45 days
● 60 days
Answer: 30 days
Question 11: A life insurance illustration showing future premiums being paid
out of nonguaranteed values must disclose that
● These policy premiums will vanish
● The policy guarantees payment of these premiums
● The policyowner forfeits the option of paying these premiums from other
sources
● The policyowner may need to resume premium payments depending on
actual results
Answer: The policyowner may need to resume premium payments depending on
actual results
Question 12: A life insurance policy becomes incontestable after it has been in
force for
● 30 days
, ● 6 months
● 2 years
● 3 years
Answer: 2 years
Question 13: A life insurance policy that is subject to a contract interest rate is
referred to as
● adjustable life
● group life
● term life
● universal life
Answer: universal life
Question 14: A life insurance policyowner does NOT have the right to
● change a beneficiary
● select a beneficiary
● take out a policy loan
● revoke an absolute assignment
Answer: revoke an absolute assignment
Question 15: A medical provider that accepts Medicare Assignment must
● accept payment based upon a defined Medicare schedule and bill the insured
for any difference
● accept payment based upon a defined Medicare schedule and negotiate any
excess fees
● accept payment based upon a defined Medicare schedule and bill no more
than 15% of the excess charges
● accept payment based upon a defined Medicare schedule as payment in full
Answer: accept payment based upon a defined Medicare schedule as payment in
full
Question 16: A nonparticipating policy will
and Health Insurance Exam Simulator -
199 Questions
Question 1: A cease and desist order issued against a producer
● Suspends the producer's certificate or broker's license
● Prevents the producer from receiving commissions
● Prohibits a specific practice listed in the order
● Terminates the producer's appointment with the insurer
Answer: Prohibits a specific practice listed in the order
Question 2: A clause that allows an insurer the right to terminate coverage at
any anniversary date is called a(n)
● conditionally renewability clause
● optional renewability clause
● selective renewability clause
● cancelable clause
Answer: optional renewability clause
Question 3: A disability elimination period is best described as a
● time deductible
● dollar deductible
● eligibility period
● probation period
Answer: time deductible
Question 4: A disability income policy can prevent an insured from earning a
higher income than if he/she were working by utilizing
● elimination periods
● probationary periods
● benefit limits
, ● deductibles
Answer: benefit limits
Question 5: A dread disease policy is considered to be a type of
● hospital expense policy
● group health insurance policy
● major medical insurance policy
● limited health insurance policy
Answer: Limited health insurance policy
Question 6: A group Disability Income plan that pays tax-free benefits to
covered employees is considered
● non-contributory
● partially contributory
● group contributory
● fully contributory
Answer: fully contributory
Question 7: A group life policy terminates a class of participants. To qualify for
an individual policy, an employee must do which of the following?
● Prove that he is insurable
● Have been insured at least 5 years
● Apply for the new policy within 30 days
● Pay at least two premiums in advance
Answer: Have been insured at least 5 years
Question 8: A guaranteed issue insurance policy has no
● initial premium requirement
● incontestable period
● waiting period
● medical underwriting
,Answer: medical underwriting
Question 9: A health care provider claim may be settled using which of the
following payment methods?
● Litigation
● Unfair claim settlement
● Fee-for-service
● Prepaid expense
Answer: Fee-for-service
Question 10: A licensee whose name or address changes must notify the
Commissioner within
● 10 days
● 30 days
● 45 days
● 60 days
Answer: 30 days
Question 11: A life insurance illustration showing future premiums being paid
out of nonguaranteed values must disclose that
● These policy premiums will vanish
● The policy guarantees payment of these premiums
● The policyowner forfeits the option of paying these premiums from other
sources
● The policyowner may need to resume premium payments depending on
actual results
Answer: The policyowner may need to resume premium payments depending on
actual results
Question 12: A life insurance policy becomes incontestable after it has been in
force for
● 30 days
, ● 6 months
● 2 years
● 3 years
Answer: 2 years
Question 13: A life insurance policy that is subject to a contract interest rate is
referred to as
● adjustable life
● group life
● term life
● universal life
Answer: universal life
Question 14: A life insurance policyowner does NOT have the right to
● change a beneficiary
● select a beneficiary
● take out a policy loan
● revoke an absolute assignment
Answer: revoke an absolute assignment
Question 15: A medical provider that accepts Medicare Assignment must
● accept payment based upon a defined Medicare schedule and bill the insured
for any difference
● accept payment based upon a defined Medicare schedule and negotiate any
excess fees
● accept payment based upon a defined Medicare schedule and bill no more
than 15% of the excess charges
● accept payment based upon a defined Medicare schedule as payment in full
Answer: accept payment based upon a defined Medicare schedule as payment in
full
Question 16: A nonparticipating policy will
