Louisiana Property & Casualty Exam - PSI & Exam 100% Correct

If a producer allows his license to lapse, within what time period may the producer reinstate the same license? - ANSWERSb) 2 years Producers who allow their license to lapse may reinstate them same license within 2 years, upon proof of fulfilling all continuing education requirements through the date of reinstatement, & by paying all overdue fees. Which of the following would be eligible for Homeowners Coverage F - Medical Payments in the event of injury at the insured's premises? - ANSWERSd) A full-time maid Medical payments on the HO policy cover costs incurred for up to three years after the accident. Coverage does not apply to any insured or a regular resident of the premises, except resident employees not covered by workers compensation. Which of the following statements is NOT true of a commercial umbrella liability policy? - ANSWERSa) It would automatically cover all losses as they occur.