LA Personal Lines || QUESTIONS WITH COMPLETE
SOLUTIONS.
Which type of coverage limits apply to an insured's property at any location? correct answers
Blanket
An unforeseen loss that occurs at a specific time and place is correct answers an accident
In general practice, can the Commissioner of Insurance inspect the business records of a
company or agency for any valid reason? correct answers Yes, because of the powers defined by
state laws
Mutual companies are owned by which of the following? correct answers Policyowners
Any of the following may be an unfair claims practice EXCEPT: correct answers Refusing to
pay person bringing false or fraudulent claims
An HO-4 can be issued by which of the following? correct answers A non-owner tenant of an
apartment.
Damage caused by more than one peril at the same time is correct answers a concurrent
causation
The broad theft coverage endorsement on a dwelling policy includes coverage for all of the
following EXCEPT: correct answers a personal injury
All of the following would be covered under Coverage A of a dwelling policy EXCEPT correct
answers an outbuilding on the described remises that is rented as a private garage.
Under a homeowners policy, which of the following is NOT covered by personal injury
coverage? correct answers Medical expenses of the insured.
Which is NOT covered other-than-collison coverage on an automobile policy? correct answers
Rollover
According to the law of agency, which of the following is considered the principal? correct
answers the Insurer
A subrogation clause allows an insurer to correct answers take legal action against the
responsible third party
PRIMARY purpose of the Fair Credit Reporting Act is to correct answers protect consumers
with guidelines regarding credit reporting and distribution
, Under automobile medical payments, the Insurer pays reasonable expenses for correct answers
Funeral services
Under uninsured motorist coverage, which of the following does NOT cover the insured for
bodily injury as a result of an accident correct answers An accident caused by the insured.
A homeowner wishes to purchase coverage for a home built in 1850. The home was constructed
with hand-carven crown molding banisters. The main customer? correct answers HO-8
In the event of a loss, the dwelling fire policy "Other Insurance" condition specifies that correct
answers the entire loss will be paid
Underinsured motorist coverage ONLY applies when the correct answers driver of the vehicle
that caused the accident has insufficient liability limits that are lower than the underinsured
motorist coverage on the non-negligent driver.
Before receiving an insurance license, an applicant must correct answers pay a license an
application fee to the Louisiana Department of Insurance
Which of the following would be covered under the uninsured motorists section of a personal
automobile policy? correct answers A hit-and-run driver strikes an insured vehicle injuring a
passenger in the vehicle.
What coverage part in a homeowners policy includes building materials on the premises used to
repair the covered property? correct answers dwelling
There are several duties an insured must perform to comply with the conditions section of their
insurance policy following a loss. One such duty would be? correct answers cooperate with the
insurer fully
Difference in conditions policies are usually written on correct answers large risks with a
reinsurance requirement
Which of the following illustrates the concept of negligence? correct answers A driver of a car
carelessly damages another car.
The type of construction that uses materials that can withstand fire for at least 2 hours correct
answers fire-resistive
Which of the following would NOT be covered by a personal automative liability policy? correct
answers a borrowed car
a motorcycle
In order to qualify for a Louisiana resident insurance producer's license, an applicant must meet
all of the following requirements EXCEPT correct answers be at least 21 years of age.
SOLUTIONS.
Which type of coverage limits apply to an insured's property at any location? correct answers
Blanket
An unforeseen loss that occurs at a specific time and place is correct answers an accident
In general practice, can the Commissioner of Insurance inspect the business records of a
company or agency for any valid reason? correct answers Yes, because of the powers defined by
state laws
Mutual companies are owned by which of the following? correct answers Policyowners
Any of the following may be an unfair claims practice EXCEPT: correct answers Refusing to
pay person bringing false or fraudulent claims
An HO-4 can be issued by which of the following? correct answers A non-owner tenant of an
apartment.
Damage caused by more than one peril at the same time is correct answers a concurrent
causation
The broad theft coverage endorsement on a dwelling policy includes coverage for all of the
following EXCEPT: correct answers a personal injury
All of the following would be covered under Coverage A of a dwelling policy EXCEPT correct
answers an outbuilding on the described remises that is rented as a private garage.
Under a homeowners policy, which of the following is NOT covered by personal injury
coverage? correct answers Medical expenses of the insured.
Which is NOT covered other-than-collison coverage on an automobile policy? correct answers
Rollover
According to the law of agency, which of the following is considered the principal? correct
answers the Insurer
A subrogation clause allows an insurer to correct answers take legal action against the
responsible third party
PRIMARY purpose of the Fair Credit Reporting Act is to correct answers protect consumers
with guidelines regarding credit reporting and distribution
, Under automobile medical payments, the Insurer pays reasonable expenses for correct answers
Funeral services
Under uninsured motorist coverage, which of the following does NOT cover the insured for
bodily injury as a result of an accident correct answers An accident caused by the insured.
A homeowner wishes to purchase coverage for a home built in 1850. The home was constructed
with hand-carven crown molding banisters. The main customer? correct answers HO-8
In the event of a loss, the dwelling fire policy "Other Insurance" condition specifies that correct
answers the entire loss will be paid
Underinsured motorist coverage ONLY applies when the correct answers driver of the vehicle
that caused the accident has insufficient liability limits that are lower than the underinsured
motorist coverage on the non-negligent driver.
Before receiving an insurance license, an applicant must correct answers pay a license an
application fee to the Louisiana Department of Insurance
Which of the following would be covered under the uninsured motorists section of a personal
automobile policy? correct answers A hit-and-run driver strikes an insured vehicle injuring a
passenger in the vehicle.
What coverage part in a homeowners policy includes building materials on the premises used to
repair the covered property? correct answers dwelling
There are several duties an insured must perform to comply with the conditions section of their
insurance policy following a loss. One such duty would be? correct answers cooperate with the
insurer fully
Difference in conditions policies are usually written on correct answers large risks with a
reinsurance requirement
Which of the following illustrates the concept of negligence? correct answers A driver of a car
carelessly damages another car.
The type of construction that uses materials that can withstand fire for at least 2 hours correct
answers fire-resistive
Which of the following would NOT be covered by a personal automative liability policy? correct
answers a borrowed car
a motorcycle
In order to qualify for a Louisiana resident insurance producer's license, an applicant must meet
all of the following requirements EXCEPT correct answers be at least 21 years of age.
