Chapter Exam: Louisiana Laws and Rules/ 135 Q&A/ . Terms like:
Charles is a producer who is licensed in Louisiana but resides in Mississippi. Charles is considered to be a(n) - Answer: Nonresident producer
Karen the producer pays for her client's initial premium payment as an incentive for p...
Chapter Exam: Louisiana Laws and Rules/ 135
Q&A/ 2024-2025
Charles is a producer who is licensed in Louisiana but resides in Mississippi. Charles is
considered to be a(n) - Answer: Nonresident producer
Karen the producer pays for her client's initial premium payment as an incentive for purchase.
this act is considered a(n) - Answer: Rebate
an indemnity plan limitation that will pay the dental bills after a small amount is paid by the
insured is called - Answer: Coinsurance
according to Louisiana law, group life insurance conversion privileges must NOT - Answer:
Require evidence of insurability
after ___ year(s) from date of issue, a policy can no longer be cancelled by the insurer for
misstatements (except for fraud). - Answer: 3
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, An arkansas resident producer who would like to solicit insurance in louisiana must obtain a
nonresident license in louisiana. which of these is NOT a requirement for obtaining a
nonresident license? - Answer: Pass louisiana's state licensing exam
In louisiana, small employer health plans require a minimum of ___ employee(s). - Answer: 1
under the louisiana health plan, comprehensive health benefits are provided to - Answer:
Medically uninsurable residents
What happens if the insurer discovers that the insured's age was accidentally misstated on an
application for an individual life insurance policy? - Answer: Benefits will be calculated
according to how much coverage the premium paid would have purchased for the correct age.
An alien insurer - Answer: is an insurer operating in the U.S. but headquartered outside the U.S.
A domestic insurance company in Louisiana MUST - Answer: be organized under louisiana
insurance Laws
which of these is not considered a form of life insurance advertisement? - Answer: Buyers guide
upon receipt of proof of loss, an insurer MUST pay a life insurance death benefit claim - Answer:
Promptly
which of these is a requirement for obtaining a resident insurance producer license in this state
- Answer: Pass the appropriate examination
A nonresident producer from a state outside of Louisiana may become licensed in louisiana IF
a(n) - Answer: reciprocal arrangements exists with the state of domicile
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