Louisiana pc insurance - Study guides, Class notes & Summaries

Louisiana P&C Insurance Exam with Complete Solutions Louisiana P&C Insurance Exam with Complete Solutions Louisiana P&C Insurance Exam with Complete Solutions Louisiana P&C Insurance Exam with Complete Solutions Commissioner's term of office - ANSWER-4 years Commissioners will examine each insurer - ANSWER-5 years Time to conduct a hearing - ANSWER-30 days

Which one of the following statements about insurance contracts is true? - ANSWERSThey are personal contracts because they insure people, not property. Insurance policies are considered to be unilateral - ANSWERSbecause only the insurance company is legally bound to perform its part of the agreement. While both the insured and the insurer must give consideration, it need not be equal. The policy provisions are prepared by the insurer, with little or no input from the insured Which part of ...

Louisiana P&C Insurance Exam with Complete SolutionsLouisiana P&C Insurance Exam with Complete SolutionsLouisiana P&C Insurance Exam with Complete SolutionsLouisiana P&C Insurance Exam with Complete Solutions Commissioner's term of office - ANSWER-4 years Commissioners will examine each insurer - ANSWER-5 years Time to conduct a hearing - ANSWER-30 days Age to apply for producer's license - ANSWER-18 years old Producer license valid for how long - ANSWER-2 years How long to f...

Louisiana P&C Insurance Exam Review set one with Complete SolutionsLouisiana P&C Insurance Exam Review set one with Complete SolutionsLouisiana P&C Insurance Exam Review set one with Complete SolutionsLouisiana P&C Insurance Exam Review set one with Complete Solutions Which one of the following statements about insurance contracts is true? - ANSWER-They are personal contracts because they insure people, not property. Insurance policies are considered to be unilateral - ANSWER-because only th...

Which one of the following statements about insurance contracts is true? - ANSWERSThey are personal contracts because they insure people, not property. Insurance policies are considered to be unilateral - ANSWERSbecause only the insurance company is legally bound to perform its part of the agreement. While both the insured and the insurer must give consideration, it need not be equal. The policy provisions are prepared by the insurer, with little or no input from the insured Which part of ...

Louisiana P&C Insurance Exam Review set one latest 2023 exam questions with correct answers

Lesson 1: Louisiana Insurance Regulation 2023/2024 already graded A+

Commissioner's term of office - ANSWERS4 years Commissioners will examine each insurer - ANSWERS5 years Time to conduct a hearing - ANSWERS30 days Age to apply for producer's license - ANSWERS18 years old Producer license valid for how long - ANSWERS2 years How long to file notice of appointment with Commissioner - ANSWERS15 days How long for commissioner to determine whether producer is suitable for appointment - ANSWERS30 days How long for Commissioner to inform insurer ...

Which one of the following statements about insurance contracts is true? - ANSWER-They are personal contracts because they insure people, not property. Insurance policies are considered to be unilateral - ANSWER-because only the insurance company is legally bound to perform its part of the agreement. While both the insured and the insurer must give consideration, it need not be equal. The policy provisions are prepared by the insurer, with little or no input from the insured Which part of ...

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 receive their authority? - ANSWER-written contract What is the power to bind? - ANSWER-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 d...