INSURANCE
Louisiana Title Insurance Exam 2025
Gross Living Area - Correct Ans-Total area under one roof;
When Land is expropriated by the state, the landowner may expect compensation as: -
Correct Ans-Just compensations as well as other expenses such as moving
Buying subject to a mortgage - Correct Ans-Keeps the seller personally liable for the
loan, although it remains with the property after the sale
A contract to sell real property that required the purchase price to be paid in installments
and title is to be delivered to the buyer only after a stipulated sum has been paid or the
term is met - Correct Ans-Bond for Deed
If a property is sold by the lessor during the term of the lease, the deposit should be
turned over to the - Correct Ans-Purchaser, a tenant is can not sue the purchaser for
the deposit if they go bankrupt
Death of a usufructuary, or if the object of the usufruct is destroyed, will have what
effect on a usufruct - Correct Ans-it will terminate
Lack of legal capacity makes the contract - Correct Ans-Relatively Null
All persons have legal capacity to contract except - Correct Ans-Persons denied of
reason at the time of contract
Interdicts
Unemancipated minors
A contract in which the party who accepts an obligation of the other does not assume a
reciprocal obligation is called an
(nothing in return) - Correct Ans-Unilateral Contract
An offer with a termination date for the offer in Louisiana is said to be - Correct Ans-
Irrevocable
For a lessee to get a security deposit back, he must: - Correct Ans-Do nothing, the
lessor is required to return the deposit within 30 days of the end of the lease
If a contract is an earnest money contract then - Correct Ans-Neither party can sue for
specific performance or other damages
What does not required to perfect a sale in Louisiana - Correct Ans-Constructive notice
of the sale (making it public)
INSURANCE
,INSURANCE
What are the requirements to perfect a sale in Louisiana - Correct Ans-The Price
What is being sold
Consent of the parties
If two or more persons own the same piece of property, each has an undivided share,
this is referred to as an - Correct Ans-Undivided Interest
A nonfarm lease that has expired s presumed to have been continued for another
month if the tenant holds over without opposition for how long - Correct Ans-one week,
must give 10 days notice to vacate
Acceptance of an irrevocable offer under - Correct Ans-When the offer is signed and
received by the offeror
When a contract is an earnest money contract - Correct Ans-Neither party can sue for
specific performance
A vendor who wishes to keep a life interest and convey the remainder to a relative may
best do this by - Correct Ans-Prepare a conveyance and reserve the right of usufruct
In Louisiana, the closest term to consideration is - Correct Ans-Cause
An offer that specifies a time for acceptance is - Correct Ans-Irrevocable during that
time
A seller recently received $40,000 for a house worth $100,000. He would have 1 year to
claim: - Correct Ans-Lesion Beyond Moiety
Upon death of a spouse, the surviving spouse must be given - Correct Ans-Usufruct
over the community property
A foreclosure may be followed by a deficiency judgement only if there is a - Correct
Ans-Foreclosure with appraisement
The buyer in a contract is called the - Correct Ans-Vendee
The seller in a contract is called the - Correct Ans-Vendor
A charge on one property for the benefit of another property is - Correct Ans-a predial
servitude
When the performance of the obligation of each party is correlative to the performance
of the other this is called a - Correct Ans-commutative contract
The act of Redhibition is not available if - Correct Ans-The defects were declared to the
buyer before or at the time of the sale
INSURANCE
, INSURANCE
If the defects were apparent or could have been discovered by reasonable inspection
The buyer knew of the defects
An offer that specifies no time for acceptance or if the offeror has not manifested an
intent to give the offeree a delay, the offer may - Correct Ans-Be revoked before it is
accepted
The donation of property while living is called - Correct Ans-Donation Inter Vivos
A lawsuit base don lesion beyond moiety must be filed within - Correct Ans-one year
When one party is obligated for the benefit of the other, but receives no return
advantage this is called a - Correct Ans-Gratuitous contract
The violent Crime Control and Law Enforcement Act requires who to get permission
from the Commissioner before they can get an insurance license - Correct Ans-
Convicted felons
Fraudulent insurance acts include - Correct Ans-Diverting money from an insurer
Giving false information to the Commissioner
Knowingly selling policies for a bankrupt insurance company
The Fair Credit Reporting Act established procedures to protect - Correct Ans-
Consumers
John became disabled and cannot conduct his insurance business. His legally
appointed representative may get a temporary license to handle the business for him for
up to - Correct Ans-180 days
According to Louisiana law, an insurance producer shall not pay, directly or indirectly,
any commission, service fee, brokerage, or other valuable consideration to any person
or entity for selling, soliciting, or negotiating insurance in this state unless such person
or entity holds a - Correct Ans-valid license as required by law
Misrepresenting an insurance policy as being shares of stock is a violation of an
insurance law known as - Correct Ans-
The renewal fee for a Louisiana producer license is - Correct Ans-$50
The requirements to get a resident Louisiana insurance producer's license include -
Correct Ans-18 years of age
Pass the state exam
Live or work in Louisiana
The Insurance Department reviews the files of insurance companies at least every how
many years - Correct Ans-5 years
INSURANCE
Louisiana Title Insurance Exam 2025
Gross Living Area - Correct Ans-Total area under one roof;
When Land is expropriated by the state, the landowner may expect compensation as: -
Correct Ans-Just compensations as well as other expenses such as moving
Buying subject to a mortgage - Correct Ans-Keeps the seller personally liable for the
loan, although it remains with the property after the sale
A contract to sell real property that required the purchase price to be paid in installments
and title is to be delivered to the buyer only after a stipulated sum has been paid or the
term is met - Correct Ans-Bond for Deed
If a property is sold by the lessor during the term of the lease, the deposit should be
turned over to the - Correct Ans-Purchaser, a tenant is can not sue the purchaser for
the deposit if they go bankrupt
Death of a usufructuary, or if the object of the usufruct is destroyed, will have what
effect on a usufruct - Correct Ans-it will terminate
Lack of legal capacity makes the contract - Correct Ans-Relatively Null
All persons have legal capacity to contract except - Correct Ans-Persons denied of
reason at the time of contract
Interdicts
Unemancipated minors
A contract in which the party who accepts an obligation of the other does not assume a
reciprocal obligation is called an
(nothing in return) - Correct Ans-Unilateral Contract
An offer with a termination date for the offer in Louisiana is said to be - Correct Ans-
Irrevocable
For a lessee to get a security deposit back, he must: - Correct Ans-Do nothing, the
lessor is required to return the deposit within 30 days of the end of the lease
If a contract is an earnest money contract then - Correct Ans-Neither party can sue for
specific performance or other damages
What does not required to perfect a sale in Louisiana - Correct Ans-Constructive notice
of the sale (making it public)
INSURANCE
,INSURANCE
What are the requirements to perfect a sale in Louisiana - Correct Ans-The Price
What is being sold
Consent of the parties
If two or more persons own the same piece of property, each has an undivided share,
this is referred to as an - Correct Ans-Undivided Interest
A nonfarm lease that has expired s presumed to have been continued for another
month if the tenant holds over without opposition for how long - Correct Ans-one week,
must give 10 days notice to vacate
Acceptance of an irrevocable offer under - Correct Ans-When the offer is signed and
received by the offeror
When a contract is an earnest money contract - Correct Ans-Neither party can sue for
specific performance
A vendor who wishes to keep a life interest and convey the remainder to a relative may
best do this by - Correct Ans-Prepare a conveyance and reserve the right of usufruct
In Louisiana, the closest term to consideration is - Correct Ans-Cause
An offer that specifies a time for acceptance is - Correct Ans-Irrevocable during that
time
A seller recently received $40,000 for a house worth $100,000. He would have 1 year to
claim: - Correct Ans-Lesion Beyond Moiety
Upon death of a spouse, the surviving spouse must be given - Correct Ans-Usufruct
over the community property
A foreclosure may be followed by a deficiency judgement only if there is a - Correct
Ans-Foreclosure with appraisement
The buyer in a contract is called the - Correct Ans-Vendee
The seller in a contract is called the - Correct Ans-Vendor
A charge on one property for the benefit of another property is - Correct Ans-a predial
servitude
When the performance of the obligation of each party is correlative to the performance
of the other this is called a - Correct Ans-commutative contract
The act of Redhibition is not available if - Correct Ans-The defects were declared to the
buyer before or at the time of the sale
INSURANCE
, INSURANCE
If the defects were apparent or could have been discovered by reasonable inspection
The buyer knew of the defects
An offer that specifies no time for acceptance or if the offeror has not manifested an
intent to give the offeree a delay, the offer may - Correct Ans-Be revoked before it is
accepted
The donation of property while living is called - Correct Ans-Donation Inter Vivos
A lawsuit base don lesion beyond moiety must be filed within - Correct Ans-one year
When one party is obligated for the benefit of the other, but receives no return
advantage this is called a - Correct Ans-Gratuitous contract
The violent Crime Control and Law Enforcement Act requires who to get permission
from the Commissioner before they can get an insurance license - Correct Ans-
Convicted felons
Fraudulent insurance acts include - Correct Ans-Diverting money from an insurer
Giving false information to the Commissioner
Knowingly selling policies for a bankrupt insurance company
The Fair Credit Reporting Act established procedures to protect - Correct Ans-
Consumers
John became disabled and cannot conduct his insurance business. His legally
appointed representative may get a temporary license to handle the business for him for
up to - Correct Ans-180 days
According to Louisiana law, an insurance producer shall not pay, directly or indirectly,
any commission, service fee, brokerage, or other valuable consideration to any person
or entity for selling, soliciting, or negotiating insurance in this state unless such person
or entity holds a - Correct Ans-valid license as required by law
Misrepresenting an insurance policy as being shares of stock is a violation of an
insurance law known as - Correct Ans-
The renewal fee for a Louisiana producer license is - Correct Ans-$50
The requirements to get a resident Louisiana insurance producer's license include -
Correct Ans-18 years of age
Pass the state exam
Live or work in Louisiana
The Insurance Department reviews the files of insurance companies at least every how
many years - Correct Ans-5 years
INSURANCE
