Louisiana P&C Insurance Exam | Questions with 100% Correct Answers | Updated
&Verified | 2024-2025 | 100% Score
Commissioner's term of office - ✔✔4 years
Commissioners will examine each insurer - ✔✔5 years
Time to conduct a hearing - ✔✔30 days
Age to apply for producer's license - ✔✔18 years old
Producer license valid for how long - ✔✔2 years
How long to file notice of appointment with Commissioner - ✔✔15 days
How long for commissioner to determine whether producer is suitable for appointment - ✔✔30 days
How long for Commissioner to inform insurer that producer is ineligible for appointment - ✔✔15 days
How long to notify Commissioner of termination of appointment - ✔✔30 days
Temporary license period - ✔✔180 days
CE required for insurance producers every 2 years - ✔✔24 hours
CE that must be about ethics - ✔✔3 hours
Maximum amount of business that can be attributed to controlled business - ✔✔25%
, Time to report change of home or business address - ✔✔10 days
Time to report administrative action or conviction - ✔✔30 days
Fine for using an unapproved name - ✔✔$250
Fine for repeated violations of the approved name regulation - ✔✔$5,000
Fine for unintentional violations of Insurance Code - ✔✔$1,000
Aggregate fine for unintentional violations of Insurance Code - ✔✔$100,000
Fine per violation for willful violations of Insurance Code - ✔✔$25,000
Maximum fine for all willful violations of Insurance Code within a 6-month period - ✔✔$250,000
HO policy Coverage A percentage - ✔✔100%
HO policy Coverage B percentage - ✔✔10% of coverage A
HO policy Coverage C percentage - ✔✔50% of coverage A
HO policy Coverage D percentage - ✔✔20% of coverage A
HO policy Coverage for contents away from premises - ✔✔10% of coverage C
Pro-rate (pro-rata) cancellation - ✔✔When insurer cancels. 100% refund of unearned premium.
&Verified | 2024-2025 | 100% Score
Commissioner's term of office - ✔✔4 years
Commissioners will examine each insurer - ✔✔5 years
Time to conduct a hearing - ✔✔30 days
Age to apply for producer's license - ✔✔18 years old
Producer license valid for how long - ✔✔2 years
How long to file notice of appointment with Commissioner - ✔✔15 days
How long for commissioner to determine whether producer is suitable for appointment - ✔✔30 days
How long for Commissioner to inform insurer that producer is ineligible for appointment - ✔✔15 days
How long to notify Commissioner of termination of appointment - ✔✔30 days
Temporary license period - ✔✔180 days
CE required for insurance producers every 2 years - ✔✔24 hours
CE that must be about ethics - ✔✔3 hours
Maximum amount of business that can be attributed to controlled business - ✔✔25%
, Time to report change of home or business address - ✔✔10 days
Time to report administrative action or conviction - ✔✔30 days
Fine for using an unapproved name - ✔✔$250
Fine for repeated violations of the approved name regulation - ✔✔$5,000
Fine for unintentional violations of Insurance Code - ✔✔$1,000
Aggregate fine for unintentional violations of Insurance Code - ✔✔$100,000
Fine per violation for willful violations of Insurance Code - ✔✔$25,000
Maximum fine for all willful violations of Insurance Code within a 6-month period - ✔✔$250,000
HO policy Coverage A percentage - ✔✔100%
HO policy Coverage B percentage - ✔✔10% of coverage A
HO policy Coverage C percentage - ✔✔50% of coverage A
HO policy Coverage D percentage - ✔✔20% of coverage A
HO policy Coverage for contents away from premises - ✔✔10% of coverage C
Pro-rate (pro-rata) cancellation - ✔✔When insurer cancels. 100% refund of unearned premium.
