Louisiana Life, Health & Accident Insurance Series 103 Practice Exam | 90 Questions with 100% Correct Answers | Verified | Latest Update

Louisiana Life, Health & Accident Insurance Series 103 Practice Exam | 90 Questions with 100% Correct Answers | Verified | Latest Update 
Question 1: Which of the following reimburses its insureds
for covered medical expenses?
Health maintenance organizations
Preferred provider organizations
Commercial insurers
Service providers
Correct answer: Commercial insurers
Question 2: The provision in a Group Health policy that
allows the insurer to postpone coverage for a covered illness
30 days after the policy's effective date is referred to as the
Grace Period
Waiting Period
Postponement Period
Elimination Period
Correct answer: Waiting Period
Question 3: Which of the following statements is NOT
CORRECT about the Commissioner of Insurance?
The Commissioner must be elected in a general election

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