Louisiana licensing - Study guides, Class notes & Summaries

Louisiana Life and Health Insurance Licensing Chapter Two, Life Insurance Basics Exam Questions and Complete Solutions

Death Benefit - correct answer The amount payable upon the death of the person whose life is insured. Cash value - correct answer equity amount accumulated in permanent life insurance Estate - correct answer person's net worth illustrations - correct answer presentation or depiction of nonguaranteed elements of a life insurance policy liquidation - correct answer Selling assets as a method of raising capital. lump-sum - correct answer payment of the entire benefit in one sum s...

Louisiana Private Investigator Licensing Exam Questions With Complete Solutions.

Louisiana Life, Health, and Accident Insurance Licensing Exam Questions with Verified Answers

Under the Louisiana Private Investigator Law, the Louisiana State Board of Private Investigator Examiners is authorized to issue the following types of licenses A) Agency, Individual, Contractor, Journeyman B) Apprentice, Individual, Agency, Journeyman C) Journeyman, Contractor, Agency, Individual D) Qualifying agent, Contractor, Journeyman Individual B) Apprentice, Individual, Agency, Journeyman Any licensee who wishes to apply for an extension of time to complete investigative educ...

Insurance - the transfer of Pure risk to the insurance company in consideration for a premium must be pure risk and calculable. Pure Risk - the chance of loss without any chance of gain; insurable Speculative Risk - possibility for gain or loss; not insurable Risk - Chance of loss Exposure - a condition that could result in loss hazard - something that increases the chance of loss

Louisiana Life and Health Insurance Licensing: Chapter One, General Insurance Exam Questions and Answers

Agent or Producer - Answer- a legal representative of an insurance company Producer - Answer- usually includes agents and brokers Agent - Answer- represents an insurer Broker - Answer- insurance producer not appointed by an insurer and is deemed to represent the client True - Answer- T/F the insured may or may not be the policyowner Principal/Insurer - Answer- The company who issues an insurance policy Reciprocity/Reciprocal - Answer- a mutual interchange of rights and privileg...

Louisiana P/C Licensing Exam Questions With Complete Solutions