Louisiana law (Well-enlightened questions with correct answers)
in Louisiana, the insurance commissioner is elected for a term of correct answers 4 years Every insurer doing business in Louisiana must be examined at least once every correct answers 5 years An applicant for a resident insurance producer license in Louisiana must be at least correct answers 18 years old A resident producer who moves from Louisiana to another state must file a change of address and provide certification from the new resident state within how many days of the change of legal resident? correct answers 30 the commissioner may issue a temporary insurance producer license without requiring an examination for up to how many days? correct answers 180 a licensed producer must file an application for renewal of the license every correct answers 2 years for a producer who is licensed to write both life and property insurance, the continuing education requirement is ________ hours with _____ of these hours in ethnics during each renewal period. correct answers 24; 3 for a producer who is licensed to write property or casualty insurance, the continuing education requirement is how many hours of credit during each renewal period? correct answers 24 offering to give a prospect anything of value not specified in the contract to persuade the prospect to purchase the insurance is known as correct answers rebating twisting correct answers the illegal replacement practice of misrepresenting a policy to include a policyholder to lapse, forfeit, or surrender an existing policy and purchase a new policy from a DIFFERENT insurer. churning correct answers the illegal replacement practice of misrepresenting a policy to include a policyholder to lapse, forfeit, or surrender an existing policy and purchase a new policy from a SAME insurer. coercion correct answers forcing a person to buy insurance through a particular company or producer. rebating correct answers offering valuable consideration, other than that which is offered in the contract, as an inducement to purchase a policy is illegal.
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- January 14, 2024
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- 2023/2024
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- Questions & answers