Louisiana Laws and Rules Chapter
Exam: Questions and answers with
100% Complete Solutions | verified
&updated 2024
which of the following unfair trade practices involves a producer who makes
malicious public statements regarding an insurer's financial condition? -
✔✔Defamation
an eligible employee can be excluded from group health coverage for up to ___
Months if he/she is considered a "late enrollee". - ✔✔18
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. - ✔✔1
a licensed producer MUST be _________ by an insurer to be eligible for soliciting
insurance contracts. - ✔✔Appointed
,when the commissioner of insurance requests a producer's business records, they
must be produced - ✔✔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 -
✔✔Misrepresentation
The louisiana life and health insurance Guaranty Association -
✔✔Protects insureds from insurance company insolvency
Which of the following is NOT information found in a life insurance buyer's guide?
- ✔✔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. - ✔✔Credit
, How often must an insurance producer's license in Louisiana be renewed? -
✔✔Every two years
In order for a business entity to be licensed as a producer, - ✔✔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 -
✔✔to all eligible employees who apply
Sharon the producer intentionally submitted a false statement in support of a
claim. This is considered a form of - ✔✔Fraud
an example of unfair discrimination would be - ✔✔Charging different
premiums for policyowners in the same risk classification
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