Louisiana Property EXAM BUNDLE!

Louisiana P&C Insurance Exam 100% correCommissioner's term of office - ANSWER 4 years Commissioners will examine each insurer - ANSWER 5 years Time to conduct a hearing - ANSWER 30 days Age to apply for producer's license - ANSWER 18 years old Producer license valid for how long - ANSW...

Louisiana Property & CasualtyWhich One Of The Following Is NOT A Possible Defense Against Negligence? A. Statue Of Limitations B. Doctrine Of Reasonable Expectation C. Intervening Cause D. Comparative Negligence - ANSWER Doctrine Of Reasonable Expectation What Is A Hazard? - ANSWER An Inc...

Property and Casualty Exam Louisiana Roy brought his house 10 years ago for 150,000 but it would cost 200,000 to rebuild it today. Because his house is in a highly desirable area, it's Fair Market Value $275,000. What amount should the agent recommend that Roy insure his house for to provide replac...

Louisiana Property and Casualty Exam 100In which type of commercial crime policy coverage is triggered by a loss that happens during the policy period but is not necessarily discovered during the policy peri - ANSWER Robbery is: - ANSWER Taking of property by use of force, violence, or fear ...

Louisiana Property and Casualty Practice Exam 100% correct! What is a hazard? - ANSWER An increase in the possibility that a loss might occur the purpose of insurance is to? - ANSWER Transfer risk from a person, business, or organization to an insurance company that agrees to pay for losses ...

Louisiana Insurance Exam 100%Accelerated Benefits - ANSWER riders attached to life insurance policies which allow death benefits to be used to cover nursing and convalescent home expenses. Accident - ANSWER an unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accid...

Surety Bond - ANSWER aka performance bonds. contract bond- guarantee that contractors perform according to contract court bond- required by court to enforce certain behavior license & permit bond- required by municipalities as a condition for granting a license to engage in activity Fidelity...

Louisiana Property and Casualty Insurance Law 100% accurate! Authorized insurers may choose not to participate in the plan - ANSWER All of the following are true regarding the Louisiana Automobile Insurance Plan EXCEPT: short-rate - ANSWER The named insured may cancel a property insurance poli...

Property and Casualty insurance exam 100% correct! Insurance - ANSWER The transfer of risk through a legal contract Property - ANSWER Covers real property and personal property against damage or loss resulting from covered causes of loss called perils casualty - ANSWER covers non-property ...

LA Claims Adjuster Property and Causality Practice ExamInsurable Interest - ANSWER ______in the property and would suffer a financial loss if the property were damaged by an insured peril, their family members (names need not be listed in the policy), and others such as a lien holder, for example, t...

LA Claims Adjuster Property and Causality PraA single Declarations page common to all coverages A single conditions section common to all coverages - ANSWER A commercial package policy always includes Send the insured a reservation of rights letter - ANSWER If the insured fails to report claim i...