Which of these techniques will remove the risk of losing money in the stock market by never 

purchasing stocks?

Risk avoidance

Risk avoidance could eliminate the risk of losing money in the stock market by never investing 

in stocks.

Which of the following nursing home options would BEST suit an individual who needs some 

nursing care and supervision but NOT full-time care?

Assisted living facilities

An assisted living facility would best suit an individual who needs some nursing care and 

supervision but not full-time care.

Under Louisiana law, the agreement between an insurance producer and insurer under which the 

insurance producer, for compensation, may sell, solicit, or negotiate policies issued by the 

insurer is defined as

an appointment

The agreement between an insurance producer and insurer under which the insurance producer, 

for compensation, may sell, solicit, or negotiate policies issued by the insurer is called an 

appointment.

The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT

insurance sales calls

Charities, political organizations, and surveys are all offered exemptions from The Do Not Call 

Registry

The type of policy where the insurer can send a notice to the insured that the policy has been 

cancelled in the middle of the term is called

cancelable

The renewability provision in a cancelable policy allows the insurer to cancel or terminate the 

policy at any time, simply by providing written notification to the insured and refunding any 

advance premium that has been paid.

Barbara's policy includes a rider which allows her to purchase additional insurance at specific 

dates or events without evidence of insurability. This rider is called a(n)

Guaranteed insurability rider

A guaranteed insurability rider allows for the insured to purchase additional insurance at specific 

dates or events without evidence of insurability.

Disability Income plans which require that the insurer can NEVER change or alter premium rates 

are usually considered

Noncancellable

A noncancellable policy cannot be cancelled nor can its premium rates be increased under any 

circumstances.

In what part of an insurance policy are policy benefits found?

Declarations

Essentially, the insurance declaration page is like a quick guide to the insurance policy, 

providing all of the basic information the policyholder needs to know.

What happens if the insurer discovers that the insured's age was accidentally misstated on an 

application for an individual life insurance policy?

Benefits will be calculated according to how much coverage the premium paid would have 

purchased for the correct age

Benefits will be calculated according to how much coverage the premium paid would have 

purchased for the correct age.

Health insurance will typically cover which of the following perils?

Injury due to accident

Accidental injury is typically a covered peril in health insurance.

A viatical settlement contract is an agreement between

A life insurance policyowner and a viatical settlement provider

A viatical settlement contract is an agreement between a life insurance policyowner and a 

viatical settlement provider.

Under the Affordable Care Act, how would a grandfathered health plan lose its grandfathered 

status?

The insurer significantly raises co-insurance charges, deductibles, or co-payment charges

According to the Affordable Care Act, grandfathered health plans may lose their grandfathered 

status if the insurer significantly raises co-insurance charges, deductibles, or co-payment charges

Which of these would NOT be considered a presumptive disability?

Loss of a leg or arm