LOUISIANA PROPERTY AND CASUALTY
INSURANCE ACTUAL PAPER 2026 SOLUTIONS
GRADED A+
◉ short-rate. Answer: The named insured may cancel a property
insurance policy in this state at any time, in which case the insurer
must refund any unearned premium due on a __________ basis:
◉ Standard fire policy. Answer: The basis for all property insurance
sold in this state is the Louisiana:
◉ Sole proprietors must be covered under the mandatory coverage.
Answer: Which of the following is not true regarding Workers'
Compensation in this state:
◉ $100,000. Answer: A client paid $25,000 for a lot upon which he
built a new home valued at $75,000. If his insurer writes a dwelling
property policy on the home with a policy limit of $100,000 and
charges him a premium based upon that amount, how much must
they pay the insured in the event of a total loss:
◉ 1 week. Answer: Under Workers' Compensation, the waiting
period for loss of income due to disability is:
, ◉ Age of the named insured. Answer: After a personal auto policy
has been in effect for 60 days, an insurer may cancel for all of the
following reasons EXCEPT:
◉ Auto insurers may specify that repairs be completed by a
particular shop. Answer: All of the following are true regarding Loss
Payments on property/casualty insurance policies EXCEPT:
◉ Agents may not bind coverage with the corporation. Answer: All
are true regarding the Louisiana Citizens Property Insurance
Corporation EXCEPT:
◉ Louisiana Workers' Compensation Corporation. Answer: A
corporation that was created as a private, non-profit entity to
operate as a domestic insurer to provide a residual market for
Workers' Compensation insurance for employers that have in good
faith, but without success, sought coverage in the voluntary market
is known as the:
◉ Regardless of who caused the accident. Answer: The Compulsory
Motor Vehicle Safety Responsibility Law prohibits those who drive
without the compulsory coverage from collecting the first $25,000 in
property damage and the first $15,000 in bodily injury from another
driver:
INSURANCE ACTUAL PAPER 2026 SOLUTIONS
GRADED A+
◉ short-rate. Answer: The named insured may cancel a property
insurance policy in this state at any time, in which case the insurer
must refund any unearned premium due on a __________ basis:
◉ Standard fire policy. Answer: The basis for all property insurance
sold in this state is the Louisiana:
◉ Sole proprietors must be covered under the mandatory coverage.
Answer: Which of the following is not true regarding Workers'
Compensation in this state:
◉ $100,000. Answer: A client paid $25,000 for a lot upon which he
built a new home valued at $75,000. If his insurer writes a dwelling
property policy on the home with a policy limit of $100,000 and
charges him a premium based upon that amount, how much must
they pay the insured in the event of a total loss:
◉ 1 week. Answer: Under Workers' Compensation, the waiting
period for loss of income due to disability is:
, ◉ Age of the named insured. Answer: After a personal auto policy
has been in effect for 60 days, an insurer may cancel for all of the
following reasons EXCEPT:
◉ Auto insurers may specify that repairs be completed by a
particular shop. Answer: All of the following are true regarding Loss
Payments on property/casualty insurance policies EXCEPT:
◉ Agents may not bind coverage with the corporation. Answer: All
are true regarding the Louisiana Citizens Property Insurance
Corporation EXCEPT:
◉ Louisiana Workers' Compensation Corporation. Answer: A
corporation that was created as a private, non-profit entity to
operate as a domestic insurer to provide a residual market for
Workers' Compensation insurance for employers that have in good
faith, but without success, sought coverage in the voluntary market
is known as the:
◉ Regardless of who caused the accident. Answer: The Compulsory
Motor Vehicle Safety Responsibility Law prohibits those who drive
without the compulsory coverage from collecting the first $25,000 in
property damage and the first $15,000 in bodily injury from another
driver:
