Louisiana pc insurance Study guides, Class notes & Summaries

The one who receives the authority to act on behalf of someone else? - ANSWER-Agent what does a sale's agent receive authority for? - ANSWER-to sell An insurance agent receives authority to what? - ANSWER-Settle claims brought against the insurer How do agents receive their authority? - ANSWER-written contract What is the power to bind? - ANSWER-an agent's authority can bind: -what an agent says or does can bind insurer -agents should take the utmost care in what they say or d...

Commissioner's term of office - ANSWER 4 years Commissioners will examine each insurer - ANSWER 5 years Time to conduct a hearing - ANSWER 30 days Age to apply for producer's license - ANSWER 18 years old Producer license valid for how long - ANSWER 2 years How long to file notice of appointment with Commissioner - ANSWER 15 days How long for commissioner to determine whether producer is suitable for appointment - ANSWER 30 days How long for Commissioner to inform insurer ...

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Commissioner's term of office - ANSWERS4 years Commissioners will examine each insurer - ANSWERS5 years Time to conduct a hearing - ANSWERS30 days Age to apply for producer's license - ANSWERS18 years old Producer license valid for how long - ANSWERS2 years How long to file notice of appointment with Commissioner - ANSWERS15 days How long for commissioner to determine whether producer is suitable for appointment - ANSWERS30 days How long for Commissioner to inform insurer ...

A ******* is a person required under this state's laws to be licensed to sell, solicit, or negotiate insurance. This includes all persons or business entities referred to as "insurance agent", "agent", "insurance broker", "broker", "insurance solicitor", "solicitor", or "surplus lines broker". - ANSWERSIndividual producer A person applying for a producer license must: - ANSWERS-atleast 18 years old -Reside, or maintain their place of business in LA -Not committed any act tha...

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Louisiana State Insurance Laws (P&C Exam) questions with complete solutions

A ******* is a person required under this state's laws to be licensed to sell, solicit, or negotiate insurance. This includes all persons or business entities referred to as "insurance agent", "agent", "insurance broker", "broker", "insurance solicitor", "solicitor", or "surplus lines broker". - ANSWERSIndividual producer A person applying for a producer license must: - ANSWERS-atleast 18 years old -Reside, or maintain their place of business in LA -Not committed any act tha...

Louisiana P&C Insurance Exam questions with complete solutions 2023