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LA LIFE INSURANCE SERIES 101
EXAM QUESTIONS AND A NSWERS
SOLVED 100% CORRECT!
Question 1: Which type of rider pays out a capital sum in
case an insured loses a limb or their eyesight?
CORRECT ANSWER: Accidental Death and
Dismemberment
Question 2: If a policyowner of a convertible term life
insurance policy exercises his/her right to convert, which of the following will happen?
CORRECT ANSWER: The term policy will be replaced
by a permanent life insurance policy
Question 3: Which of the following is NOT a purpose of
the rule regarding replacement of Life Insurance?
CORRECT ANSWER: Regulate the replacement of
Insurance by the consumer
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Question 4: Which of the following is NOT an example
of a prohibited practice?
CORRECT ANSWER: Backdating
Question 5: When demanded, Hearing are held:
CORRECT ANSWER: Within 30 days after the date a
hearing is demanded
Question 6: Which of the following is not a standard or
requirement for an illustration?
CORRECT ANSWER: Guaranteed elements must be
labeled as such, but non-guaranteed elements need not to be labeled
Question 7: Which of the following statements is NOT
correct?
CORRECT ANSWER: In lieu of fines, the Commissioner
may have a producer imprisoned for up to one year.
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Question 8: How many credit hours of continuing
education must a producer complete every renewal period?
CORRECT ANSWER: 24 ( with at 3 hours in ethics)
Question 9: Which of the following statements is FALSE
with respect to HIV testing?
CORRECT ANSWER: A person may not Opt-Out of
HIV testing
Question 10: With regard to examinations, Which of the
following statements is NOT correct?
CORRECT ANSWER: The expense of examination of an
insurer or of any person is paid by the Department
Question 11: Which of the following CORRECTLY
describes the practice of Twisting?
CORRECT ANSWER: Misleading and convincing an
insured to surrender, lapse, or exchange an existing policy for a different one, to the insured's detriment.
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Question 12: Which of the following statements is TRUE
with respect to assumed names?
CORRECT ANSWER: An agent who will be transacting
business in Louisiana under an assumed name must notify the Commissioner prior to using the assumed name.
Question 13: Which of the following statements is
FALSE regarding requirements for accelerated benefits?
CORRECT ANSWER: Accelerated benefits effective for
illness immediately upon the effective date.
Question 14: An initial privacy notice is NOT required to
be provided to:
CORRECT ANSWER: A prospective customer
Question 15: When do individual producer licenses
expire?
CORRECT ANSWER: April 30th of each even-
numbered year.