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Examfx Practice Test Questions and Answers 100% Solved | Rated A+ The Louisiana insurance Guaranty Association Board of Directors are placed in office by - election and appointment States with monopolistic state workers compensation funds - Do not allow private insurers to be licensed to write...

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  • October 25, 2024
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  • 2024/2025
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JOSHCLAY
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Examfx Practice Test Questions and

Answers 100% Solved | Rated A+


The Louisiana insurance Guaranty Association Board of Directors are

placed in office by - ✔✔election and appointment

States with monopolistic state workers compensation funds - ✔✔Do not

allow private insurers to be licensed to write workers compensation

coverage

This state provided for a temporary licenses for all of the following EXCEPT

- ✔✔A producer's retirement

Which of the following producers will be required to complete continuing

education hours to renew his license? - ✔✔A producer licensed 4 years

ago who holds only one line of authority.

A producer has been notified by the commissioner to stop using an

unapproved trade name. How many days does the producer have to

change the trade name before facing a fine? - ✔✔10 days

Which of the following is NOT considered a misrepresentation as it pertains

to unfair trade practices? - ✔✔

, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
The Pro rata liability clause is designed to protect the principle of -

✔✔Indemnity

When a resident producer changes his residence address, the Insurance

Department must be notified within - ✔✔30 days

A building is insured, but no one has lived or worked in it for 10 years. The

building is completely empty of any furniture or personal belongings. From

an Insurance standpoint, the building is considered. - ✔✔Vacant

An insurer publishes intimidating brochures that portray the insurer's

competitions as financially and professionally unstable. Which of of the

following best describes this act. - ✔✔Legal, under any circumstances

Which bonds are required by courts whenever someone seeks a court

order stating another person must or must not dot something? -

✔✔Injunction bond

In comparison to consumer reports, which of the following describes a

unique characteristic of investigative consumer reports? - ✔✔The

customer's associates, friends, and neighbors provide the report's data.

An insured relocated to another state for work. However, she still owns and

insurers a house in this state, but has had one living in it for 3 months. She

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