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Louisiana Property and Casualty Insurance Law exam questions with correct answers
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Louisiana Property and Casualty Insurance Law exam questions with correct answers
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Louisiana Property and Casualty Insurance Law exam questions with correct answersAuthorized 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 policy in this state at any time, in which case the insurer must refund any unearned premium due on a __________ basis:
Standard fire policy - Answer- The basis for all property insurance sold in this state is the Louisiana:
Sole proprietors must be covered under the mandatory coverage - Answer- Which of the following is not true regarding Workers' Compensation in this state:
$100,000 - Answer- A client paid $25,000 for a lot upon which he built a new home valued at $75,000. If his insurer writes a dwelling property policy on the home with a policy limit of $100,000 and charges him a premium based upon that amount, how much must they pay the insured in the event of a total loss:
1 week - Answer- Under Workers' Compensation, the waiting period for loss of income due to disability is:
Age of the named insured - Answer- After a personal auto policy has been in effect for 60 days, an insurer may cancel for all of the following reasons EXCEPT:
Auto insurers may specify that repairs be completed by a particular shop - Answer- All of the following are true regarding Loss Payments on property/casualty insurance policies EXCEPT:
Agents may not bind coverage with the corporation - Answer- All are true regarding the Louisiana Citizens Property Insurance Corporation EXCEPT:
Louisiana Workers' Compensation Corporation - Answer- A corporation that was created as a private, non-profit entity to operate as a domestic insurer to provide a residual market for Workers' Compensation insurance for employers that have in good faith, but without success, sought coverage in the voluntary market is known as the:
Regardless of who caused the accident - Answer- The Compulsory Motor Vehicle Safety Responsibility Law prohibits those who drive without the compulsory coverage
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