Exam (elaborations)
Louisiana insurance study guide 2023/2024 already graded A+
- Course
- Institution
Louisiana insurance study guide 2023/2024 already graded A+
[Show more]
Content preview
Louisiana insurance study guideTo assure the public that only competent trustworthy individuals and other entities sell insurance
and to protect and promote the public interest. - ANSLicensing/Purose
A contract under which one party undertakes to pay another against a loss of a specified
contingency or peril. - ANSInsurance
What is another word for insurance company? - ANSInsurer
What is another word for a client? - ANSInsured
Who is the producer? - ANSyou are
Any individual who is required to be licensed under Louisiana law to solicit, sell, negotiate, bind,
procure or renew insurance. - ANSIndividual Producer
Any __________ required to be licensed under Louisiana law to solicit,sell,negotiate, bind,
procure or renew insurance. It includes a corporation, association, partnership, limited liability
company, limited liability partnership, or other legal entity. - ANSBusiness Entity Producer
Is one who resides in Louisiana or maintains a principal place of business in Louisiana. A
________ license will be void if licensee ceases to be a resident of Louisiana. Must surrender
license within 30 days by us postal or in person - ANSResident Producer
A license is issued for a period of how many years - ANS2
L & H license renewed every ______ numbered years - ANSeven
P & C license renewed every _____ numbered year - ANSOdd
The license is renewed at the end of every ___________. - ANSbirthday month
The commissioner of insurance may issue a temporary license for a period not to exceed
_________. - ANS180 days
When a license has lapsed more than ____ years, license will be renewed only buy fulfilling all
__________ for issuance of a new __________. - ANS5
Requirements
license
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Ashley96. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now