Louisiana Personal Lines Insurance Exam Already Graded A+

Louisiana Personal Lines Insurance Exam Already Graded A+ 104. Coverage for loss by some perils under a building and personal property form is suspended if (Choose from the following options) 1. An uninsured peril causes a partial loss. 2. The insured building is vacant for over 60 days. 3. A loss occurs while a hazard beyond the insured's control is increased. 4. The insured fails to satisfy the coinsurance provision ️2. The insured building is vacant for over 60 days 107. In contrasting stock insurers with mutual insurers, which statement is true? (Choose from the following options) 1. Stock dividends are tax free while policy dividends are taxable. 2. Nonparticipating policies can pay out dividends to the policyholders. 3. Mutual insurers are owned by the shareholders and issue participating policies. 4. Stock insurers are owned by the shareholders and issue nonparticipating policies. ️4. Stock insurers are owned by the shareholders and issue nonparticipating policies 108. An agent suspects that his insurer is committing insurance fraud. Within how many days of that discovery must the agent report the frau to the Department of Insurance? (Choose from the following options) 1. 10 days 2. 15 days 3. 30 days 4. 60 days ️1. 10 days 112. The exact, direct, uninterrupted cause of loss is the (Choose from the following options) 1. Actual cause. 2. Intervening cause. 3. Absolute cause. 4. Proximate cause ️4. Proximate cause 14. Coverage E (Personal Liability) and/or Coverage F (Medical Payments to Others) would respond to a claim arising from all of the following situations EXCEPT (Choose from the following options) 1. An insured's boat stored in the garage slips off of its supports and injures a visitor. 2. An insured's dog left in the care of a friend bites a salesman. 3. An insured's 14-year-old son was throwing rocks at the neighbor's house and broke several windows. 4. While sweeping the floors, an insured's resident maid trips and falls down the stairs, breaking her leg. ️4. While sweeping the floors, an insured's resident maid trips and falls down the stairs, breaking her leg. 140. An insurer must notify the consumer in writing that an investigative consumer report has been requested, within how many days of the initial request? (Choose from the following options) 1. 3 days 2. 5 days 3. 10 days 4. 30 days ️2. 5 days 142. How often must organizations consult the National Do Not Call Registry? (Choose from the following options) 1. Once a year 2. Every 31 days 3. Once every 6 months 4. On the first Monday of every month ️4. On the first Monday of every month 21. According to the law of agency, insurance producers represent (Choose from the following options) 1. The public. 2. The State. 3. Insurers. 4. Insureds ️3. Insurers 32. Which provision defines how the policy will respond if there is other valid insurance written on the same risk? (Choose from the following options) 1. Concurrent coverage 2. Other insurance 3. Coinsurance 4. Overinsurance ️2. Other insurance 40. If the premiums collected by an insurer participating in the WYO flood program are insufficient to cover losses, which of the following would be true? (Choose from the following options) 1. Federal Insurance Administration will remove the insurer from the NFIP.