Louisiana i - Study guides, Class notes & Summaries

3 Degrees of Liability - Answer-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 - Answer-1.) Adhere to of follow the contract 2.) Use reasonable judgement and care 3.) Provide all necessary information and documentat...

Property and Casualty Exam Louisiana Insurance Agent Test Review Questions and Answers 100% Correct Property and Casualty Exam Louisiana Insurance Agent Test Review Questions and Answers 100% Correct Property and Casualty Exam Louisiana Insurance Agent Test Review Questions and Answers 100% Correct All of the following situations would be covered under a professional liability policy - ANSWER-An accountant's error that inflated a bid and caused a client to lose a major account., Negligence...

Louisiana Insurance Adjuster Questions and Answers 100% CorrectLouisiana Insurance Adjuster Questions and Answers 100% CorrectLouisiana Insurance Adjuster Questions and Answers 100% CorrectLouisiana Insurance Adjuster Questions and Answers 100% CorrectLouisiana Insurance Adjuster Questions and Answers 100% Correct Lender Interest Provisions - ANSWER-Protects lender interest by allowing the lender certain rights in the policy. Coinsurance Penalty - ANSWER-A property insurance provision that p...

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Louisiana Insurance Exam

Property and Casualty Exam Louisiana Insurance Agent Test Review Questions and Answers 100% CorrectProperty and Casualty Exam Louisiana Insurance Agent Test Review Questions and Answers 100% CorrectProperty and Casualty Exam Louisiana Insurance Agent Test Review Questions and Answers 100% Correct All of the following situations would be covered under a professional liability policy - ANSWER-An accountant's error that inflated a bid and caused a client to lose a major account., Negligence of an...

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

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Louisiana insurance study guide questions and answers rated A+ To assure the public that only competent trustworthy individuals and other entities sell insurance and to protect and promote the public interest. Licensing/Purose A contract under which one party undertakes to pay another against a loss of a specified contingency or peril. Insurance What is another word for insurance company? Insurer What is another word for a client? Insured Who is the producer? you are Any individual who is ...

All of the following situations would be covered under a professional liability policy - ANSWERSAn accountant's error that inflated a bid and caused a client to lose a major account., Negligence of an architect who designed an unsafe building., Failure of a doctor to render the quality of care that is customary in the medical field, .EXCEPT The failure of an attorney to properly defend a client due to his personal dislike of the client Under a professional liability policy - ANSWERSIntention...