Louisiana Property And Casualty Insurance Practice
Louisiana Property and Casualty Insurance Practice
Exam (elaborations)
Louisiana Property and Casualty Insurance Practice Quiz with Complete Solutions
6 views 0 purchase
Course
Louisiana Property and Casualty Insurance Practice
Institution
Louisiana Property And Casualty Insurance Practice
Louisiana Property and Casualty Insurance Practice Quiz with Complete Solutions Louisiana Property and Casualty Insurance Practice Quiz with Complete Solutions Louisiana Property and Casualty Insurance Practice Quiz with Complete Solutions
180 days - ANSWER-The maximum term a temporary license ma...
Louisiana Property and Casualty Insurance Practice Quiz with Complete Solutions 180 days - ANSWER-The maximum term a temporary license may be issued for is
32 - ANSWER-Continuing Education hours for a producer holding both a L&H and a P&C is
every odd numbered year - ANSWER-Property & Casualty licenses must be renewed
$25,000 - ANSWER-What is the maximum fine that may be imposed for a willful violation of a cease and desist order issued by the commissioner?
April 30th of odd years - ANSWER-P&C producers license expires on
Must reside or maintain a principal place of business in Louisiana - ANSWER-A resident
producer
18 years old - ANSWER-Applicants for licensure MUST be:
180 - ANSWER-The Commissioner of Insurance may issue a temporary license for period NOT TO EXCEED _______ days without requiring examination.
10 days of the change - ANSWER-Every insurance licensee MUST notify the Commissioner of any alteration in his or her residence or business address within_____
Elected - ANSWER-The Louisiana Insurance Commissioner is___
4 Years - ANSWER-The Insurance Commissioner's term of office is___
Chief Deputy Commissioner - ANSWER-If the Insurance Commissioner becomes incapacitated, the commissioner's powers will be exercised by the ____
Certificate of Authority - ANSWER-Before a Domestic insurance company can transact insurance in Louisiana, it must apply for a _____ which the commissioner will issue if the insurer is qualified
As deemed necessary - ANSWER-In addition to the minimum examination requirements, the commissioner may examine insurers as often as__ 5 Years - ANSWER-Every authorized insurer must be examined by the commissioner at
least once every___
Defamation - ANSWER-Publishing false or maliciously critical material which is derogatory to the financial condition of an insurer is an illegal practice known as____
Rebating - ANSWER-Promising to return a portion of a premium to a prospective insurance buyer is an illegal practice known as___
Twisting - ANSWER-Persuading a policyowner to drop a satisfactory policy and replace it with another is an illegal practice called___
Title 22 - ANSWER-The Louisiana Insurance Code is called:
A) Misrepresentation of pertinent facts of a policy
B) Failing to promptly acknowledge, settle a claim, or provide a reasonable explanation for denial.
C) Filling a Fraudulent claim.
D) Attempting to settle a claim for less than the amount entitled in insured's policy.
Answer: C - ANSWER-ALL are Unfair Claims Settlement Practices EXCEPT:
This is illegal and Judy could spend time in prison - ANSWER-Ron is a licensed real estate agent. He receives a portion of the commission of every client he brings to Judy, a licensed insurance producer:
B) Controlled Business - ANSWER-ALL of the following are Unfair Trade Practices EXCEPT:
A) Rebating
B) Controlled Business
C) Unfair Discrimination
D) Twisting
A) Gramm-Leach Bliley Act - ANSWER-Federal Legislation that requires companies to give consumers privacy notices that explain the institutions' information-sharing practices and policies is known as:
A) Gramm-Leach Bliley Act
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Crystall. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
