Louisiana claims adjuster - Study guides, Class notes & Summaries

LA Claims Adjuster Property and Causality Exam (Louisiana Adjuster Law) -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulating crimes by affecting persons to engage in business of insurance ️Resident License eligibility $1000 $100,...

Resident License - Before issuing a claims adjuster license to an applicant under this section the commissioner of insurance must find that the applicant is eligiable -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulating crimes by ...

What is insurance? - Answer protection against financial loss what is a premium - Answer a scheduled amount to be paid for an insurance policy. What are premiums used for - Answer premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - Answer the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity - Answer paymen...

Accident Insurance - Answer Covers expenses associated with a covered accident and can extend to ambulance and emergency room expenses, intensive care, and hospital costs. Accident insurance also provides for loss of income, and a death benefit if injuries prove fatal. Accumulated Depreciation - Answer The total decrease in an item's value over a period of time. Formula: (annual depreciation x number of years used). Subtract this number from the item's replacement cost to get its actua...

Resident License CORRECT ANSWER Before issuing a claims adjuster license to an applicant under this section the commissioner of insurance must find that the applicant is eligiable -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulati...

Resident License - ANSWER Before issuing a claims adjuster license to an applicant under this section the commissioner of insurance must find that the applicant is eligiable -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulating cri...

Resident License - ANSWERSBefore issuing a claims adjuster license to an applicant under this section the commissioner of insurance must find that the applicant is eligiable -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulating cri...

LA Claims Adjuster Property and Causality Exam (Louisiana Adjuster Law) exam questions with 100% verified answers

Resident License - Answer- Before issuing a claims adjuster license to an applicant under this section the commissioner of insurance must find that the applicant is eligiable -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulating cr...

FALSE - Answer if a worker is covered under FELA, Jones Act or LHWCA, they may also recover under state worker's compensation TRUE - Answer an employee covered under FELA must recover under FELA or not at all FALSE - Answer a lab technician who is disable by or whose dependents are disable by contraction of a disease as a result of their work is not covered under worker's compensation benefits TRUE - Answer carpal tunnel is included in occupational disease FALSE - Answer arthritis,...