Louisiana pc - Study guides, Class notes & Summaries

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 Licensing Exam Questions With Complete Solutions

The one who receives the authority to act on behalf of someone else? - Agent what does a sale's agent receive authority for? - to sell An insurance agent receives authority to what? - Settle claims brought against the insurer How do agents receive their authority? - written contract What is the power to bind? - 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 do -even if insure makes mistakes,...

Louisiana P&C Adjuster Exam Prep Questions With Complete Solutions

LOUISIANA P&C ADJUSTER EXAM PREP LATEST 2024 QUESTIONS WITH COMPLETE SOLUTIONS The one who receives the authority to act on behalf of someone else? Agent what does a sale's agent receive authority for? to sell An insurance agent receives authority to what? Settle claims brought against the insurer How do agents receive their authority? written contract What is the power to bind? an agent's authority can bind: -what an agent says or does can bind insurer -agents should take the ...

LOUISIANA P&C ADJUSTER EXAM PREP

LOUISIANA P&C ADJUSTER EXAM PREP LATEST 2024 QUESTIONS WITH COMPLETE SOLUTIONS The one who receives the authority to act on behalf of someone else? Agent what does a sale's agent receive authority for? to sell An insurance agent receives authority to what? Settle claims brought against the insurer How do agents receive their authority? written contract What is the power to bind? an agent's authority can bind: -what an agent says or does can bind insurer -agents should take the ...

Louisiana P&C Adjuster Exam Prep Chapter 2 Questions and Answers (Graded A)Louisiana P&C Adjuster Exam Prep Chapter 2 Questions and Answers (Graded A)Louisiana P&C Adjuster Exam Prep Chapter 2 Questions and Answers (Graded A) 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 ...

LOUISIANA P/C LICENSING EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ When an employer sends employees out of state on work related business, which of the following must he do to ensure the appropriate workers? compensation coverage? Correct Answer: List the state on the information page for other states' coverage. Under the insured's personal auto policy, which of the following is CORRECT for a newly acquired car to be covered prior to reporting it to the insura...

Aleatory Contract Correct Answer: the consideration that is being exchanged is unequal or unrelated to the consideration given by the other party Basic Form Correct Answer: named peril coverage, the least coverage available. In dwelling policies it includes: fire, lightning, removal, and internal explosion Broad Form Correct Answer: named peril coverage, covering more named perils than the basic form. In dwelling coverage it covers all perils under basic including EC and V&MM plus: ...