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Louisiana Laws and Rules Chapter 19: Questions and answers with 100% Complete Solutions
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Louisiana Laws and Rules Chapter 19: Questions and answers with 100% Complete Solutions
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Chapter #19: Louisiana Laws and RulesThe branch of dentistry which deals with the replacement of missing parts is called - correct answer
✔✔Prosthodontics
The Fair Credit Reporting Act protects consumers - correct answer ✔✔With guidelines regarding credit
reporting and distribution
Within how many days must a producer submit a change in address? - correct answer ✔✔30
What happens if the insurer discovers that the insured's age was accidentally misstated on an application
for an individual life insurance policy? - correct answer ✔✔Benefits will be calculated according to how
much coverage the premium paid would have purchased for the correct age
Proof of loss on a health insurance claim must be submitted to an insurer within _______ days after the
insured's date of loss. - correct answer ✔✔90
How long is the free-look period for a life insurance policy sold in Louisiana? - correct answer ✔✔10 days
Which of he following permits an insurance company to transact business in Louisiana? - correct answer
✔✔Certificate of authority
When the Commissioner of Insurance requests a producer's business records, the must be produced -
correct answer ✔✔Upon request
A licensed producer MUST be __________ by an insurer to be eligible for soliciting insurance contracts. -
correct answer ✔✔Appointed
To be classified as a small employer in Louisiana, an employer must emply - correct answer ✔✔1-50
employees
, Which of the following is NOT a requirement to obtaining a Louisiana insurance producer license? -
correct answer ✔✔Must be age 21
After an annuity has been in force for _____ year(s), it becomes incontestable. - correct answer ✔✔2
years
All of the following actions are considered rebating EXCEPT - correct answer ✔✔Sharing commissions
with other producers
How often must the Commissioner examine each domestic insurance company? - correct answer
✔✔Every 5 years
Sharon the producer intentionally submitted a false statement in support of a claim. This is considered a
form of - correct answer ✔✔fraud
An existing life insurance policy is being replaced by a new one. A notice of replacement must be
provided by the ________ to be signed by the applicant. - correct answer ✔✔Producer
Maria the producer would like to advertise an annuity product on a highway billboard. Which of the
following must be included in the advertisement? - correct answer ✔✔Her name
Charles is a producer who is licensed in Louisiana but resides in Mississippi. Charles is considered to be
a(n) - correct answer ✔✔Nonresident producer
A life insurance applicant in Louisiana may backdate the application for up to ______ month(s). - correct
answer ✔✔6
A Medicare Supplement policy's outline of coverage MUST include a(n) - correct answer ✔✔Description
of policy benefits
An insurer has _____ days to file a notice of appointment to the Commissioner. - correct answer ✔✔15
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