Exam (elaborations)
LOUISIANA STATE INSURANCE LAWS (P&C EXAM) QUESTIONS AND ANSWERS 2024
- Course
- Institution
LOUISIANA STATE INSURANCE LAWS (P&C EXAM) QUESTIONS AND ANSWERS 2024
[Show more]
Content preview
LOUISIANA STATE INSURANCE LAWS(P&C EXAM)
A temporary license may not continue after the owner or the personal
representative - ANSWERS-disposes of the business
Which of the following statements is correct?
a. A producer allows the license to transact all lines of insurance
b. A business entity acting as a producer is not required to be licensed as a
producer
c. No person may act as a producer in Louisiana unless licensed by the
Department of Insurance
d. A producer may be licensed for only one line of authority - ANSWERS-c. No
person may act as a producer in Louisiana unless licensed by the Department of
Insurance
Which of the following is correct regarding a temporary license?
a. The duration of a temporary license may not exceed 18 days
b. A temporary license may be issued for up to 12 months after successfully
completing the licensing examination
c. A temporary license may not be issued to an employee of a business entity
, d. A temporary license may be issued to the surviving spouse of a disabled or
deceased producer - ANSWERS-d. A temporary license may be issued to the
surviving spouse of a disabled or deceased producer
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". - ANSWERS-Individual
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 that would is grounds for license denial, suspension, or
revocation.
-completed a prelicensing course of study & pass the exam
-paid all of the appropriate fees
-has the commissioner's written consent, if required by any statute regulating
crimes affecting persons engaged in the business of insurance whose activities
affect interstate commerce.
A ***** is a corporation, association, partnership, limited liability company,
limited liability partnership, or other legal entity. - ANSWERS-Business entity
A **** acting as a producer must obtain a producer license. - ANSWERS-Business
entity
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 Teacher101. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
71498 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now