Louisiana State Board Exam questions and 100% correct answers Louisiana Property and Casualty Insurance Exam questions and verified correct answers
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When are group disability benefits considered to be tax-free to the insured? - correct answer When the recipient pays the premiums An insurable interest in each other's lives may exist in absence of an economic interest when the individuals are - correct answer Marriage partners What is the...
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Add to cartWhen are group disability benefits considered to be tax-free to the insured? - correct answer When the recipient pays the premiums An insurable interest in each other's lives may exist in absence of an economic interest when the individuals are - correct answer Marriage partners What is the...
Accelerated Benefits - correct answer riders attached to life insurance policies which allow death benefits to be used to cover nursing and convalescent home expenses. Accident - correct answer an unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insuran...
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Add to cartAccelerated Benefits - correct answer riders attached to life insurance policies which allow death benefits to be used to cover nursing and convalescent home expenses. Accident - correct answer an unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insuran...
Agent/Producer - correct answer A legal representative of an insurance company; agents are the agents of the insurer. Applicant/Proposed Insured - correct answer A person applying for insurance. Broker - correct answer An insurance agent not appointed by an insurer and deemed to represen...
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Add to cartAgent/Producer - correct answer A legal representative of an insurance company; agents are the agents of the insurer. Applicant/Proposed Insured - correct answer A person applying for insurance. Broker - correct answer An insurance agent not appointed by an insurer and deemed to represen...
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Insurance - correct answer the transfer of Pure risk to the insurance company in consideration for a premium must be pure risk and calculable. Pure Risk - correct answer the chance of loss without any chance of gain; insurable Speculative Risk - correct answer possibility for gain or los...
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Add to cartInsurance - correct answer the transfer of Pure risk to the insurance company in consideration for a premium must be pure risk and calculable. Pure Risk - correct answer the chance of loss without any chance of gain; insurable Speculative Risk - correct answer possibility for gain or los...
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All of the following are correct about the required provisions of a health insurance policy EXCEPT A. The entire contract clause means the signed application, policy, endorsements, and attachments constitute the entire contract. B. A reinstated policy provides immediate coverage for an illness...
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Add to cartAll of the following are correct about the required provisions of a health insurance policy EXCEPT A. The entire contract clause means the signed application, policy, endorsements, and attachments constitute the entire contract. B. A reinstated policy provides immediate coverage for an illness...
Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM cove...
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Add to cartDriver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM cove...
Commissioner's term of office - correct answer 4 years Commissioners will examine each insurer - correct answer 5 years Time to conduct a hearing - correct answer 30 days Age to apply for producer's license - correct answer 18 years old Producer license valid for how long - co...
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Add to cartCommissioner's term of office - correct answer 4 years Commissioners will examine each insurer - correct answer 5 years Time to conduct a hearing - correct answer 30 days Age to apply for producer's license - correct answer 18 years old Producer license valid for how long - co...
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If a producer allows his license to lapse, within what time period may the producer reinstate the same license? - correct answer b) 2 years Producers who allow their license to lapse may reinstate them same license within 2 years, upon proof of fulfilling all continuing education requirements th...
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Add to cartIf a producer allows his license to lapse, within what time period may the producer reinstate the same license? - correct answer b) 2 years Producers who allow their license to lapse may reinstate them same license within 2 years, upon proof of fulfilling all continuing education requirements th...
What is the governing body that safeguards the people against dishonest, incompetent, or unprincipled practitioners? - correct answer The state What confers the privilege of practicing veterinary medicine in Louisiana? - correct answer legislative grant What is an animal? - correct answer A...
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Add to cartWhat is the governing body that safeguards the people against dishonest, incompetent, or unprincipled practitioners? - correct answer The state What confers the privilege of practicing veterinary medicine in Louisiana? - correct answer legislative grant What is an animal? - correct answer A...
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