LOUISIANA PROPERTY AND CASUALTY INSURANCE EXAM QUESTIONS WITH COMPLETE
SOLUTIONS
Licensing/Purpose - (ANSWER)to assure the public that only competent trustworthy individuals and
other entities sell insurance and to protect and promote the public interest.
Insurance - (ANSWER)a contract under which one party undertakes to pay another against loss of a
specified contingency or peril.
Insurer - (ANSWER)Insurance Company
Insured - (ANSWER)Client/Customer
Producer - (ANSWER)A person, company, or country that makes, grows, or supplies goods or
commodities for sale
Individual Producer - (ANSWER)any individual who is required to be licensed under Louisiana law to
solicit, sell, negotiate, bind, procure or renew insurance.
Business Entity Producer - (ANSWER)any business entity required to be licensed under Louisiana law to
solicit, sell , negotiate, bind, procure or renew insurance. It includes a corporation, association,
partnership, limited liability company, limited liability partnership, or other legal entity.
Resident Producer - (ANSWER)one who lives in Louisiana or maintains a principal place of business in
Louisiana.
void - (ANSWER)A resident license will be ____________ if licensee ceases to be a resident of Louisiana
30 days - (ANSWER)Must surrender license within____________by U.S. Postal or in person
A person applying for a resident insurance producer license must make application with the
Commissioner on the Uniform Application and must state the following to be true and complete to the
best of their knowledge and belief. - (ANSWER)-Be at least 18 years old.
,LOUISIANA PROPERTY AND CASUALTY INSURANCE EXAM QUESTIONS WITH COMPLETE
SOLUTIONS
-Reside in or maintain their principal place of business in Louisiana.
-Give their insurance education and experience background.
-Not be disqualified for having committed any act that is grounds for denial, suspension, or revocation of
a license.
-Complete an approved pre-licensing course for the lines of authority for which the person has applied.
-Have paid the required fees.
-Have successfully passed the examination for the license applied for the lines of authority for which the
person has applied.
-When applicable, have the written consent of the Commissioner of Insurance pursuant to 18 U.S.C.
1033 or any successor statute regulating crimes by or affecting persons engaged in the insurance
business whose activities affect
interstate commerce.
Nonresident Producer - (ANSWER)Licenses are issued to an applicant if he/she maintains a similar
license in the U.S., Canada or another country.
nonresident person will receive a nonresident producer license if the person: - (ANSWER)-Is currently
licensed as a resident and in good standing in their home state.
-Has submitted the proper request for licensure and paid the required fees.
-Has submitted the application to the Commissioner for licensure that the person submitted to their
home state, or submitted a completed Uniform Application.
-The person's home state awards nonresident producer licenses to residents of Louisiana on the same
basis. (Reciprocity).
Temporary Licenses - (ANSWER)issued by the commissioner of Insurance for a period not to exceed 180
day w/out requiring an examination.
To the surviving spouse, next of kin, executor or administrator of the estate of a deceased or disabled
licensed producer; to the designee of a licensed producer entering into active military service; to a
member or employee of a partnership or officer or employee of a corporation licensee, upon the death
, LOUISIANA PROPERTY AND CASUALTY INSURANCE EXAM QUESTIONS WITH COMPLETE
SOLUTIONS
or disability of an individual registered under the partnership or corporation license. - (ANSWER)A
temporary license may be issued to one of the following:
expires in a period of 2 years. - (ANSWER)How long is a license issued for?
even numbered year; at the end of the birthday month. - (ANSWER)Life and Health renew every?
Propery and Casualty renew every??? - (ANSWER)odd numbered year; at the end of the birthday month
license will be renewed only by fulfilling all requirements for issuance of a new license. - (ANSWER)What
happens when a license is lapsed for more than 2 years
How many hours of continuing education is required to renew a producers license? - (ANSWER)24 hours
10 hours - (ANSWER)How many carryover hours are allowed for each licensing period?
any person 65 years of age and older AND who has at least 15 years of experience as a licensed
producer. - (ANSWER)Continuing education does not apply to whom?
The Commissioner of Insurance - (ANSWER)Who does the licensee notify in his or her change of
residence or business address?
10 days - (ANSWER)How many days do you have to tell the Commissioner of the change of address?
4 years - (ANSWER)The Commissioner of Insurance is elected every how many years?
Chief Deputy Commissioner - (ANSWER)Who is appointed by the Commissioner as an assistance?
SOLUTIONS
Licensing/Purpose - (ANSWER)to assure the public that only competent trustworthy individuals and
other entities sell insurance and to protect and promote the public interest.
Insurance - (ANSWER)a contract under which one party undertakes to pay another against loss of a
specified contingency or peril.
Insurer - (ANSWER)Insurance Company
Insured - (ANSWER)Client/Customer
Producer - (ANSWER)A person, company, or country that makes, grows, or supplies goods or
commodities for sale
Individual Producer - (ANSWER)any individual who is required to be licensed under Louisiana law to
solicit, sell, negotiate, bind, procure or renew insurance.
Business Entity Producer - (ANSWER)any business entity required to be licensed under Louisiana law to
solicit, sell , negotiate, bind, procure or renew insurance. It includes a corporation, association,
partnership, limited liability company, limited liability partnership, or other legal entity.
Resident Producer - (ANSWER)one who lives in Louisiana or maintains a principal place of business in
Louisiana.
void - (ANSWER)A resident license will be ____________ if licensee ceases to be a resident of Louisiana
30 days - (ANSWER)Must surrender license within____________by U.S. Postal or in person
A person applying for a resident insurance producer license must make application with the
Commissioner on the Uniform Application and must state the following to be true and complete to the
best of their knowledge and belief. - (ANSWER)-Be at least 18 years old.
,LOUISIANA PROPERTY AND CASUALTY INSURANCE EXAM QUESTIONS WITH COMPLETE
SOLUTIONS
-Reside in or maintain their principal place of business in Louisiana.
-Give their insurance education and experience background.
-Not be disqualified for having committed any act that is grounds for denial, suspension, or revocation of
a license.
-Complete an approved pre-licensing course for the lines of authority for which the person has applied.
-Have paid the required fees.
-Have successfully passed the examination for the license applied for the lines of authority for which the
person has applied.
-When applicable, have the written consent of the Commissioner of Insurance pursuant to 18 U.S.C.
1033 or any successor statute regulating crimes by or affecting persons engaged in the insurance
business whose activities affect
interstate commerce.
Nonresident Producer - (ANSWER)Licenses are issued to an applicant if he/she maintains a similar
license in the U.S., Canada or another country.
nonresident person will receive a nonresident producer license if the person: - (ANSWER)-Is currently
licensed as a resident and in good standing in their home state.
-Has submitted the proper request for licensure and paid the required fees.
-Has submitted the application to the Commissioner for licensure that the person submitted to their
home state, or submitted a completed Uniform Application.
-The person's home state awards nonresident producer licenses to residents of Louisiana on the same
basis. (Reciprocity).
Temporary Licenses - (ANSWER)issued by the commissioner of Insurance for a period not to exceed 180
day w/out requiring an examination.
To the surviving spouse, next of kin, executor or administrator of the estate of a deceased or disabled
licensed producer; to the designee of a licensed producer entering into active military service; to a
member or employee of a partnership or officer or employee of a corporation licensee, upon the death
, LOUISIANA PROPERTY AND CASUALTY INSURANCE EXAM QUESTIONS WITH COMPLETE
SOLUTIONS
or disability of an individual registered under the partnership or corporation license. - (ANSWER)A
temporary license may be issued to one of the following:
expires in a period of 2 years. - (ANSWER)How long is a license issued for?
even numbered year; at the end of the birthday month. - (ANSWER)Life and Health renew every?
Propery and Casualty renew every??? - (ANSWER)odd numbered year; at the end of the birthday month
license will be renewed only by fulfilling all requirements for issuance of a new license. - (ANSWER)What
happens when a license is lapsed for more than 2 years
How many hours of continuing education is required to renew a producers license? - (ANSWER)24 hours
10 hours - (ANSWER)How many carryover hours are allowed for each licensing period?
any person 65 years of age and older AND who has at least 15 years of experience as a licensed
producer. - (ANSWER)Continuing education does not apply to whom?
The Commissioner of Insurance - (ANSWER)Who does the licensee notify in his or her change of
residence or business address?
10 days - (ANSWER)How many days do you have to tell the Commissioner of the change of address?
4 years - (ANSWER)The Commissioner of Insurance is elected every how many years?
Chief Deputy Commissioner - (ANSWER)Who is appointed by the Commissioner as an assistance?
