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LOUISIANA P&C STATE EXAMINATION QUESTIONS AND ANSWERS 2024
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LOUISIANA P&C STATE EXAMINATION QUESTIONS AND ANSWERS 2024
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LOUISIANA P&C STATE EXAMINATIONAn insurer may cancel or nonrenew a Homeowners policy based on any of the
following, EXCEPT - ANSWERS-Fraud on the part of an insured
Under Commercial Crime Coverage Form K - Liability for Guests' Property - Safe
Deposit Box, which covered is included? - ANSWERS-Loss resulting from the
insured's release of any other negligent party from their legal liability
A temporary license may be issued without examination to all of the following,
EXCEPT - ANSWERS-The spouse of a retired producer.
_____ is the limits of insurance on the dwelling are available and apply to
Coverage D-Fair Rental Value? - ANSWERS-0.2
To comply with requirements for insurance for public liability under the Motor
Carrier Act of 1980, which endorsement is added to motor carrier coverage form?
- ANSWERS-MCS-90
Commissioner must be notified within 30 days if: - ANSWERS-an insurance
company cancels a producer's appointment, the
,In property and casualty insurance, what is the term for the amount of a loss that
the insured must cover out of pocket, and the insurer will only pay for the
additional amount of the loss above this limit? - ANSWERS-Deductable
The insured carries underinsured motorists coverage limits of 250/500/250 on his
automobile policy and his vehicle is struck by an at fault motorist who insures
with the State minimum for liability of 20/40/10. If the insured brings suit for
bodily injury damages to himself of $500,000, how much will he recover from at
fault driver's policy? - ANSWERS-$20,000
The cost of restoring farm records is an additional coverage offered under a farm
policy. How much will the policy pay to restore the records? - ANSWERS-Up to
$2,000
After a storm dumps several inches of snow, an insured spends several hours
clearing his sidewalk and driveway. Later that night it begins to sleet. Before the
insured can clear his walks again, his neighbor slips and falls while walking past
the insured's house, breaking his arm. Which defense will reduce recovery for the
neighbor's injury? - ANSWERS-Intervening Cause
When would uninsured motorist coverage apply? - ANSWERS-When the other
party is legally liable but has no insurance
The policy provision found in property insurance policies that prevents the
insured from collecting twice for the same loss is called - ANSWERS-Subrogation.
, covers a carrier for liability for loss to cargo while it is being transported in a
truck? - ANSWERS-Motor truck cargo policy - truckers form
Under the Workers Compensation Act, what percentage of the employee's wages
will the surviving spouse with no children receive in the event of the employee's
death? - ANSWERS-32 1/2%
If a guest's property is lost or damaged while on the insured's premises or in their
control, Crime Coverage Form L - Liability for Guests' Property - Premises covers
the insured's - ANSWERS-Legal Liability
Who is NOT an insured for liability on a BAP? - ANSWERS-The owner of a car the
insured borrows
Which of the following would NOT qualify as a hired auto? - ANSWERS-An auto
borrowed from an employee
The limit on controlled business is - ANSWERS-25%
The insured's employee causes an injury while on the job. This is known as what?
- ANSWERS-vicarious Liability
Covers materials and supplies located on or next to the described location -
ANSWERS-Coverage A
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