Exam (elaborations)
Louisiana Property and Casualty Insurance Law exam questions with correct answers
- Course
- Institution
Louisiana Property and Casualty Insurance Law exam questions with correct answers
[Show more]
Content preview
Louisiana Property and Casualty Insurance Law exam questions with correct answersAuthorized insurers may choose not to participate in the plan - Answer- All of the following are true regarding the Louisiana Automobile Insurance Plan EXCEPT:
short-rate - Answer- The named insured may cancel a property insurance policy in this state at any time, in which case the insurer must refund any unearned premium due on a __________ basis:
Standard fire policy - Answer- The basis for all property insurance sold in this state is the Louisiana:
Sole proprietors must be covered under the mandatory coverage - Answer- Which of the following is not true regarding Workers' Compensation in this state:
$100,000 - Answer- A client paid $25,000 for a lot upon which he built a new home valued at $75,000. If his insurer writes a dwelling property policy on the home with a policy limit of $100,000 and charges him a premium based upon that amount, how much must they pay the insured in the event of a total loss:
1 week - Answer- Under Workers' Compensation, the waiting period for loss of income due to disability is:
Age of the named insured - Answer- After a personal auto policy has been in effect for 60 days, an insurer may cancel for all of the following reasons EXCEPT:
Auto insurers may specify that repairs be completed by a particular shop - Answer- All of the following are true regarding Loss Payments on property/casualty insurance policies EXCEPT:
Agents may not bind coverage with the corporation - Answer- All are true regarding the Louisiana Citizens Property Insurance Corporation EXCEPT:
Louisiana Workers' Compensation Corporation - Answer- A corporation that was created as a private, non-profit entity to operate as a domestic insurer to provide a residual market for Workers' Compensation insurance for employers that have in good faith, but without success, sought coverage in the voluntary market is known as the:
Regardless of who caused the accident - Answer- The Compulsory Motor Vehicle Safety Responsibility Law prohibits those who drive without the compulsory coverage
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller biggdreamer. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81298 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now