LIFE, HEALTH, AND ACCIDENT INSURANCE EXAM LOUISIANA
LIFE, HEALTH, AND ACCIDENT INSURANCE EXAM LOUISIANA
QUESTIONS AND ANSWERS GRADED A+
An agent is completing an application for a long-term care policy. The
agent is required to do all of the following EXCEPT
(Choose from the following options)
1. Warn the applicant about the 10-day free-look period.
2. Make sure the policy is appropriate for the applicant's needs.
3. Provide the applicant with the Outline of Coverage.
4. Ask where the applicant has another LTC policy in force. ANS >>
Warn the applicant about the 10-day free-look period.
,LIFE, HEALTH, AND ACCIDENT INSURANCE EXAM LOUISIANA
An insured has an Accidental Death & Dismemberment policy with a
principal value of $50,000. He loses sight in both eyes in a hunting
accident. How much will he receive?
(Choose from the following options)
1. $25,000
2. $0
3. $50,000
4. $100,000 ANS >> $50,000
The policy will usually pay the principal amount for the loss of both
eyes, or two or more limbs.
At what age may an individual make withdrawals from an HSA for
nonhealthy purposes without being penalized?
(Choose from the following options)
1. 55
2. 59 1/2
3. 62
4. 65 ANS >> 65
,LIFE, HEALTH, AND ACCIDENT INSURANCE EXAM LOUISIANA
After age 65, a withdrawal from an HSA used for a nonhealthy purposes
will be without a penalty, although taxed.
Which of the following is NOT true regarding uniform mandatory
provisions concerning claims?
(Choose from the following options)
1. If the insured is 2 years late in filing a proof of loss, the claim can be
denied.
2. An insured must notify the insurer of a claim on forms prescribed by
the insurer.
3. If the insured is several days late in filing proof of loss form, the claim
cannot be denied if the insured can show good cause.
4. The insured is customarily required to give notice of claim within 20
days. ANS >> An insured must notify the insurer of a claim on forms
prescribed by the insurer.
If forms are not furnished, written proof of the occurrence, nature of
the loss, and extent of loss must be submitted to the insurer.
The provision in a health insurance policy that ensures that the insurer
cannot refer to any document that is not contained in the contract is
the
, LIFE, HEALTH, AND ACCIDENT INSURANCE EXAM LOUISIANA
(Choose from the following options)
1. Time limit on certain defences clause.
2. Incontestability clause.
3. Legal action against us clause.
4. Entire contract clause. ANS >> Entire contract clause.
Entire contract is a mandatory provision that is required by law.
The amount of disability benefits that an insured receives often
depends upon the insured's
(Choose from the following options)
1. Income at the time of the application.
2. Marital status at the time of the application.
3. Number of children at the time of the application.
4. Medical history at the time of the application. ANS >> Income at the
time of the application.
LIFE, HEALTH, AND ACCIDENT INSURANCE EXAM LOUISIANA
QUESTIONS AND ANSWERS GRADED A+
An agent is completing an application for a long-term care policy. The
agent is required to do all of the following EXCEPT
(Choose from the following options)
1. Warn the applicant about the 10-day free-look period.
2. Make sure the policy is appropriate for the applicant's needs.
3. Provide the applicant with the Outline of Coverage.
4. Ask where the applicant has another LTC policy in force. ANS >>
Warn the applicant about the 10-day free-look period.
,LIFE, HEALTH, AND ACCIDENT INSURANCE EXAM LOUISIANA
An insured has an Accidental Death & Dismemberment policy with a
principal value of $50,000. He loses sight in both eyes in a hunting
accident. How much will he receive?
(Choose from the following options)
1. $25,000
2. $0
3. $50,000
4. $100,000 ANS >> $50,000
The policy will usually pay the principal amount for the loss of both
eyes, or two or more limbs.
At what age may an individual make withdrawals from an HSA for
nonhealthy purposes without being penalized?
(Choose from the following options)
1. 55
2. 59 1/2
3. 62
4. 65 ANS >> 65
,LIFE, HEALTH, AND ACCIDENT INSURANCE EXAM LOUISIANA
After age 65, a withdrawal from an HSA used for a nonhealthy purposes
will be without a penalty, although taxed.
Which of the following is NOT true regarding uniform mandatory
provisions concerning claims?
(Choose from the following options)
1. If the insured is 2 years late in filing a proof of loss, the claim can be
denied.
2. An insured must notify the insurer of a claim on forms prescribed by
the insurer.
3. If the insured is several days late in filing proof of loss form, the claim
cannot be denied if the insured can show good cause.
4. The insured is customarily required to give notice of claim within 20
days. ANS >> An insured must notify the insurer of a claim on forms
prescribed by the insurer.
If forms are not furnished, written proof of the occurrence, nature of
the loss, and extent of loss must be submitted to the insurer.
The provision in a health insurance policy that ensures that the insurer
cannot refer to any document that is not contained in the contract is
the
, LIFE, HEALTH, AND ACCIDENT INSURANCE EXAM LOUISIANA
(Choose from the following options)
1. Time limit on certain defences clause.
2. Incontestability clause.
3. Legal action against us clause.
4. Entire contract clause. ANS >> Entire contract clause.
Entire contract is a mandatory provision that is required by law.
The amount of disability benefits that an insured receives often
depends upon the insured's
(Choose from the following options)
1. Income at the time of the application.
2. Marital status at the time of the application.
3. Number of children at the time of the application.
4. Medical history at the time of the application. ANS >> Income at the
time of the application.
