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Life and Health Insurance Producer Exam

Policy provisions (LA): practice questions

Our Life & Health Insurance bank has 8 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Louisiana

What grace period must a Louisiana individual or group health and accident policy give the policyholder?

  1. Thirty-one days, for individual policies only
  2. Thirty days from the premium due date
  3. Seven days for weekly, ten days for monthly premiums
  4. Forty-five days from the premium due date
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B. Thirty days from the premium due date — La. R.S. 22:977(A).

Question 2 · Louisiana

Before lapsing an individual life policy for nonpayment, when must a Louisiana insurer mail notice of the amount due?

  1. At least 60 days before the policy anniversary
  2. At least 5 and not more than 10 days after the due date
  3. At least 15 and not more than 45 days before the due date
  4. Only after the grace period has fully expired
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C. At least 15 and not more than 45 days before the due date — La. R.S. 22:905(A) (no lapse until 30 days after the notice is mailed, R.S. 22:905(B)).

Question 3 · Louisiana

Which exclusion does Louisiana permit in an individual life insurance policy?

  1. Self-destruction, sane or insane, within two years of the issue date
  2. Self-destruction within five years of the issue date
  3. Death from heart disease the insured did not disclose, at any time
  4. Death from any cause during the first six months after issue
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A. Self-destruction, sane or insane, within two years of the issue date — La. R.S. 22:931(B)(1)(c).

Question 4 · Louisiana

A Louisiana life policy must allow reinstatement, subject to the statute's conditions, within what period after default?

  1. One year from the date of default
  2. Five years from the date of default
  3. Three years from the date of default
  4. Six months from the date of default
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C. Three years from the date of default — La. R.S. 22:931(A)(9).

Question 5 · Louisiana

Under the time limit on certain defenses provision in a Louisiana health policy, after how long may non-fraudulent misstatements in the application no longer be used to void the policy?

  1. Five years from the date of issue
  2. Three years from the date of issue
  3. Two years from the date of issue
  4. One year from the date of issue
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B. Three years from the date of issue — La. R.S. 22:975(A)(13)(a)(i).

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