Chapter Exam: Louisiana Laws and Rules/ 135 Q&A/ .
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Louisiana Laws and Rules
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Louisiana Laws And Rules
Chapter Exam: Louisiana Laws and Rules/ 135 Q&A/ . Terms like:
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 appro...
Chapter Exam: Louisiana Laws and Rules/ 135
Q&A/ 2024-2025
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
which of the following unfair trade practices involves a producer who makes malicious public
statements regarding an insurer's financial condition? - Answer: Defamation
an eligible employee can be excluded from group health coverage for up to ___ Months if
he/she is considered a "late enrollee". - Answer: 18
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,in Louisiana, legal action can be taken for up to ___ year(s) against an insurer for failure to pay
health insurance claims after proof of loss was submitted. - Answer: 1
a licensed producer MUST be _________ by an insurer to be eligible for soliciting insurance
contracts. - Answer: Appointed
when the commissioner of insurance requests a producer's business records, they must be
produced - Answer: Upon request
an insurance producer who convinces a prospective insured to purchase a policy by
exaggerating the benefits of the policy may be found guilty of - Answer: Misrepresentation
The louisiana life and health insurance Guaranty Association - Answer: Protects insureds from
insurance company insolvency
Which of the following is NOT information found in a life insurance buyer's guide? - Answer:
How to take legal action against an insurance company
______ life is designed to pay the balance of a loan if the insured dies before repayment of the
loan. - Answer: Credit
How often must an insurance producer's license in Louisiana be renewed? - Answer: Every two
years
In order for a business entity to be licensed as a producer, - Answer: a licensed producer must
be designated as responsible for compliance with state insurance laws
When a small employer health insurance plan is offered, it must be available - Answer: to all
eligible employees who apply
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, Sharon the producer intentionally submitted a false statement in support of a claim. This is
considered a form of - Answer: Fraud
an example of unfair discrimination would be - Answer: Charging different premiums for
policyowners in the same risk classification
a life insurance replacement transaction could result in a(n) - Answer: Surrender charge
Medicare advantage plans are sometimes called - Answer: Part C
an individual who has a contract with an insurance company to represent it is called a(n) -
Answer: Producer
a producer license is NOT required when - Answer: underwriting Insurance
which of these is not an Unfair Claims Settlement Practice? - Answer: settling a claim by
arbitration
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
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