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Louisiana insurance study guide 2023/2024 already graded A+
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Louisiana insurance study guide 2023/2024 already graded A+
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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
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