LOUISIANA INSURANCE REGULATION
EXAM QUESTIONS WITH COMPLETE
SOLUTIONS 2025
Continuing Education - Answer-life and health license 24 CE every 2 years 3 hours
must be on ethics
P&C license 24 Ce 3 hours on flood and 3 hours on ethics
up to 10 hours can be rolled over
Cease and desist - Answer-legal term for the order to STOP.(document for an individual
to stop doing something
Duties and Power of Commissioner - Answer-Louisiana commissioner James Donelon
protect the public
he is elected to office for 4 year term
duties
issuing or revoking licenses and certificates of authority
hire employees and examiner to examine record of any insurer or producer
subpoena witnesses and conduct hearing of alleged violations of the insurance code
give out cease and desist orders
Regulations of Insurance companies - Answer-Certificate of Authority(admitted)
Insolvency-liquidation
advertising-state regulates the marketing and advertising of insurance polices.
Unfair claims settlement practices - Answer-issuing policies with misrepresented facts
not acting
denying claim payments after proof
not settling claims fairly
convincing the insured to sue
settling less
settling based on altered information
sending claim payments without statement documents
telling insured to appeal
make claimants appeal
Not providing explanation based on policy terms
Not providing forms needed to file the claim within 15 days of request.
regulations of Producers - Answer-Controlled business-selling 25% of the business of
total commissioner for personal gain
Shared Commissions-No license No Commission fine 1000-5000 max 2 year in jail
Payment to unlicensed Entities( business)2000-50000
Payment to unlicensed entities
EXAM QUESTIONS WITH COMPLETE
SOLUTIONS 2025
Continuing Education - Answer-life and health license 24 CE every 2 years 3 hours
must be on ethics
P&C license 24 Ce 3 hours on flood and 3 hours on ethics
up to 10 hours can be rolled over
Cease and desist - Answer-legal term for the order to STOP.(document for an individual
to stop doing something
Duties and Power of Commissioner - Answer-Louisiana commissioner James Donelon
protect the public
he is elected to office for 4 year term
duties
issuing or revoking licenses and certificates of authority
hire employees and examiner to examine record of any insurer or producer
subpoena witnesses and conduct hearing of alleged violations of the insurance code
give out cease and desist orders
Regulations of Insurance companies - Answer-Certificate of Authority(admitted)
Insolvency-liquidation
advertising-state regulates the marketing and advertising of insurance polices.
Unfair claims settlement practices - Answer-issuing policies with misrepresented facts
not acting
denying claim payments after proof
not settling claims fairly
convincing the insured to sue
settling less
settling based on altered information
sending claim payments without statement documents
telling insured to appeal
make claimants appeal
Not providing explanation based on policy terms
Not providing forms needed to file the claim within 15 days of request.
regulations of Producers - Answer-Controlled business-selling 25% of the business of
total commissioner for personal gain
Shared Commissions-No license No Commission fine 1000-5000 max 2 year in jail
Payment to unlicensed Entities( business)2000-50000
Payment to unlicensed entities
