Louisiana insurance - Study guides, Class notes & Summaries

XCEL FINAL STUDY LOUISIANA LHA INSURANCE 2024 QUESTIONS & ANSWERS SOLVED 100% CORRECT!!

Louisiana Insurance Adjuster Verified Answers 3 Degrees of Liability ️1.)Full Liability - The insured party is 100% at fault for damages to a third party. 2.)Partial Liability - the insured party is only partially at fault or shares fault with a third party. 3.)No Liability - the insured party has 0% or no liability in the damage to a third party. 3 Major Responsibilities of Contracted Agents ️1.) Adhere to of follow the contract 2.) Use reasonable judgement and care 3.) Provide ...

Objectives: ◦ List requirements of obtaining and maintaining a Louisiana Insurance License ◦ Recognize Louisiana laws governing the business of insurance ◦ Name important Federal laws that apply to insurance producers and insurers ◦ Recognize statutory time limits and dollar amounts from Louisiana Insurance Code This topic is 24% of the 150 questions on the P&C Exam CORRECT ANSWER Key Terms: Producer Certificate of Authority Controlled Business Cease & Desist Rebates...

Lender Interest Provisions - Protects lender interest by allowing the lender certain rights in the policy. Coinsurance Penalty - A property insurance provision that penalizes the insured's loss recovery if the limit of insurance purchased by the insured is not equal to or greater than a specified percentage (commonly 80 percent) of the value of the insured property. Underinsured - A situation resulting from a failure to carry enough coverage on the value of a property, especially when the...

Lesson 1 Louisiana Insurance Regulation Graded A _______________ is considered an act performed frequently enough to be considered a policy or practice of the company, not just an isolated act of an employee 14 examples are given: ️Unfair claims settlement practices (1) Issuing policies with misrepresented facts or coverage provisions (2) Not acting promptly when presented with claims (3) Denying claim payments without a practical investigation of the facts given (4) Denying clai...

Louisiana Insurance Adjuster

Louisiana Accident Health Insurance Exam Questions and Complete Solutions

Lesson 1: Louisiana Insurance Regulation Exam with 100% Correct Answers | Verified | Latest Update 2024

Objectives: ◦ List requirements of obtaining and maintaining a Louisiana Insurance License ◦ Recognize Louisiana laws governing the business of insurance ◦ Name important Federal laws that apply to insurance producers and insurers ◦ Recognize statutory time limits and dollar amounts from Louisiana Insurance Code This topic is 24% of the 150 questions on the P&C Exam - Key Terms: Producer Certificate of Authority Controlled Business Cease & Desist Rebates Investigative Consumer...

Under group health insurance, a certificate of coverage is issued to the - Answer employee Which of the following actions may an insurance company NOT do in a health policy that contains a guaranteed renewable premium benefit? - Answer Increase the premiums on an individual basis A payment system for health care in which the provider is paid for each service given is called - Answer fee-for-service The free look period provided in a life insurance policy is usually - Answer ...