Louisiana insurance - Study guides, Class notes & Summaries

Louisiana Insurance Adjuster Verified Answers 3 Degrees of Liability ️1.)Full Liability - The insured party is 100% at fault for damages to a third party. 2.)Partial Liability - the insured party is only partially at fault or shares fault with a third party. 3.)No Liability - the insured party has 0% or no liability in the damage to a third party. 3 Major Responsibilities of Contracted Agents ️1.) Adhere to of follow the contract 2.) Use reasonable judgement and care 3.) Provide ...

XCEL FINAL STUDY LOUISIANA LHA INSURANCE 2024 QUESTIONS & ANSWERS SOLVED 100% CORRECT!!

Louisiana Accident Health Insurance Exam Questions and Complete Solutions

Objectives: ◦ List requirements of obtaining and maintaining a Louisiana Insurance License ◦ Recognize Louisiana laws governing the business of insurance ◦ Name important Federal laws that apply to insurance producers and insurers ◦ Recognize statutory time limits and dollar amounts from Louisiana Insurance Code This topic is 24% of the 150 questions on the P&C Exam CORRECT ANSWER Key Terms: Producer Certificate of Authority Controlled Business Cease & Desist Rebates...

Lesson 1 Louisiana Insurance Regulation Graded A _______________ is considered an act performed frequently enough to be considered a policy or practice of the company, not just an isolated act of an employee 14 examples are given: ️Unfair claims settlement practices (1) Issuing policies with misrepresented facts or coverage provisions (2) Not acting promptly when presented with claims (3) Denying claim payments without a practical investigation of the facts given (4) Denying clai...

Lender Interest Provisions - Protects lender interest by allowing the lender certain rights in the policy. Coinsurance Penalty - A property insurance provision that penalizes the insured's loss recovery if the limit of insurance purchased by the insured is not equal to or greater than a specified percentage (commonly 80 percent) of the value of the insured property. Underinsured - A situation resulting from a failure to carry enough coverage on the value of a property, especially when the...

Louisiana Insurance Adjuster

Lesson 1: Louisiana Insurance Regulation Exam with 100% Correct Answers | Verified | Latest Update 2024

Xcel Final Study Louisiana Lha Insurance Verified Answers "Maximum benefits" refers to the ️upper limit of the total lifetime benefits the insurance company will pay A 10% excise tax is normally applied to an early withdrawal from an IRA. According to HIPAA, this tax will not be applied if the withdrawal is used for medical expenses that exceed ____ of the individual's adjusted gross income. ️7.5% A child's inclusion in a family health insurance policy begins ️at birth A...

Under group health insurance, a certificate of coverage is issued to the - Answer employee Which of the following actions may an insurance company NOT do in a health policy that contains a guaranteed renewable premium benefit? - Answer Increase the premiums on an individual basis A payment system for health care in which the provider is paid for each service given is called - Answer fee-for-service The free look period provided in a life insurance policy is usually - Answer ...