Louisiana Life, Health,Property and Accident Insurance Bundled Exams with complete solution

All of the following are correct about the required provisions of a health insurance policy EXCEPT A. The entire contract clause means the signed application, policy, endorsements, and attachments constitute the entire contract. B. A reinstated policy provides immediate coverage for an illness. ...

When are group disability benefits considered to be tax-free to the insured? - When the recipient pays the premiums An insurable interest in each other's lives may exist in absence of an economic interest when the individuals are - Marriage partners What is the elimination period of an individu...

Insurance - the transfer of Pure risk to the insurance company in consideration for a premium must be pure risk and calculable. Pure Risk - the chance of loss without any chance of gain; insurable Speculative Risk - possibility for gain or loss; not insurable Risk - Chance of loss Exposure - a ...

Should 2 or more insurers issue a combined Standard Fire Policy insuring a single risk, in the event of a loss, the insured must notify - Any of the insurers providing coverage. The policy conditions define - How parties to the contract must act following a loss. Because an insurance policy is a ...

All of the following long-term care coverages would allow an insured to receive care at home EXCEPT a. Skilled Care b. Custodial care in insured's house c. Respite care d. Home health care - a. What is the purpose of a suicide provision within a life insurance policy? - To protect the insurer ...

Accelerated Benefits - riders attached to life insurance policies which allow death benefits to be used to cover nursing and convalescent home expenses. Accident - an unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - A type of insurance that prote...