Exam (elaborations)
LOUISIANA STATE INSURANCE LAWS (P&C EXAM) QUESTIONS AND ANSWERS 2024
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LOUISIANA STATE INSURANCE LAWS (P&C EXAM) QUESTIONS AND ANSWERS 2024
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LOUISIANA STATE INSURANCE LAWS(P&C EXAM)
A temporary license may not continue after the owner or the personal
representative - ANSWERS-disposes of the business
Which of the following statements is correct?
a. A producer allows the license to transact all lines of insurance
b. A business entity acting as a producer is not required to be licensed as a
producer
c. No person may act as a producer in Louisiana unless licensed by the
Department of Insurance
d. A producer may be licensed for only one line of authority - ANSWERS-c. No
person may act as a producer in Louisiana unless licensed by the Department of
Insurance
Which of the following is correct regarding a temporary license?
a. The duration of a temporary license may not exceed 18 days
b. A temporary license may be issued for up to 12 months after successfully
completing the licensing examination
c. A temporary license may not be issued to an employee of a business entity
, d. A temporary license may be issued to the surviving spouse of a disabled or
deceased producer - ANSWERS-d. A temporary license may be issued to the
surviving spouse of a disabled or deceased producer
A ******* is a person required under this state's laws to be licensed to sell,
solicit, or negotiate insurance. This includes all persons or business entities
referred to as "insurance agent", "agent", "insurance broker", "broker",
"insurance solicitor", "solicitor", or "surplus lines broker". - ANSWERS-Individual
producer
A person applying for a producer license must: - ANSWERS--atleast 18 years old
-Reside, or maintain their place of business in LA
-Not committed any act that would is grounds for license denial, suspension, or
revocation.
-completed a prelicensing course of study & pass the exam
-paid all of the appropriate fees
-has the commissioner's written consent, if required by any statute regulating
crimes affecting persons engaged in the business of insurance whose activities
affect interstate commerce.
A ***** is a corporation, association, partnership, limited liability company,
limited liability partnership, or other legal entity. - ANSWERS-Business entity
A **** acting as a producer must obtain a producer license. - ANSWERS-Business
entity
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