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 :Under which situation must insurable interest exist
between the applicant and insured at the time of application?
Correct answer:When a third-party applicant names
themselves beneficiary.
Question :Which of the following is true about a decreasing
term life policy?
Correct answer:The face amount reaches zero at policy
expiration.
Question :Which of the following occurs immediately after
the application is submitted and the initial premium paid?
Correct answer:The underwriting process begi

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