1 for specific request mail
Louisiana Insurance Regulation Lesson 1: Questions
| Accurate & Verified Answers to Pass Actual Exam
Objectives:
◦ List requirements of obtaining and maintaining a Louisiana Insurance
License
◦ Recognize Louisiana laws governing the business of insurance
◦ Name important Federal laws that apply to insurance producers and
Assignment Expert
insurers
Guru01 - Stuvia
◦ Recognize statutory time limits and dollar amounts from Louisiana
Insurance Code
This topic is 24% of the 150 questions on the P&C Exam
2026
Ans: Key Terms:
©
Producer
Certificate of Authority
Controlled Business
Cease & Desist
Rebates
Investigative Consumer Report
Reciprocal
Non-Resident
, 2 for specific request mail
This topic is 24% of the 150 questions on the P&C Exam
In the Louisiana Insurance Code, all persons or business entities referred
to as an agent, broker, solicitor, or surplus lines broker that sell, solicit,
or negotiate insurance are required to be licensed as an
____________________
Ans: insurance producer
Individual Producer
Ans: a person licensed to quote insurance policies, market, and sell
insurance products, and consult other with regard to insurance.
Assignment Expert
-- Most people in Louisiana are accustomed to calling these persons
Guru01 - Stuvia
insurance agents, but the official term insurance producers
Individual Insurance Producer Requirements: (5)
Ans: 1. Be at least 18 year of age
2026
2. Reside in or work mainly from an office located in State
©
3. Complete Pre-licensing education required to prepare for state exam*
4. Paid their fees and submitted an application (Form 1546A)
5. Successfully pass their required exam with 70% or higher*
*An exam is required for licenses to sell most lines of insurance, and the
exams are specific to the lines of authority requested (e.g. life, health,
property, casualty, etc.)
Examples of Legal Business Entities
Ans: Corporation, partnership, limited liability company (LLC), etc.
, 3 for specific request mail
Business Entity Producer
Ans: A legal business entity may also be a producer and conduce
insurance business in the state
a. must have producer's license in business name
b. business must first have a licensed individual producer
c. have several other pieces of documentation required to apply (Form
1546B)
Assignment Expert
License Expiration P&C
Ans: Every 2 years odd numbered years (2013, 2015) by the last day of
Guru01 - Stuvia
your birth month
License Expiration LH&A
Ans: Every 2 years even numbered years (2014, 2016) by the last day of
2026
your birth month
License Term and Renewal
©
Ans: every licensee must...
- complete certain number of hours in continuing education
- maintain satisfactory conduct
- send in renewal app and fees every renewal term
*Your license is only issued once and you must renew it every term to
keep it active
The final approval to renew your license rests with the ______________, as
he decides to renew or not to renew.
Ans: Commissioner
Louisiana Insurance Regulation Lesson 1: Questions
| Accurate & Verified Answers to Pass Actual Exam
Objectives:
◦ List requirements of obtaining and maintaining a Louisiana Insurance
License
◦ Recognize Louisiana laws governing the business of insurance
◦ Name important Federal laws that apply to insurance producers and
Assignment Expert
insurers
Guru01 - Stuvia
◦ Recognize statutory time limits and dollar amounts from Louisiana
Insurance Code
This topic is 24% of the 150 questions on the P&C Exam
2026
Ans: Key Terms:
©
Producer
Certificate of Authority
Controlled Business
Cease & Desist
Rebates
Investigative Consumer Report
Reciprocal
Non-Resident
, 2 for specific request mail
This topic is 24% of the 150 questions on the P&C Exam
In the Louisiana Insurance Code, all persons or business entities referred
to as an agent, broker, solicitor, or surplus lines broker that sell, solicit,
or negotiate insurance are required to be licensed as an
____________________
Ans: insurance producer
Individual Producer
Ans: a person licensed to quote insurance policies, market, and sell
insurance products, and consult other with regard to insurance.
Assignment Expert
-- Most people in Louisiana are accustomed to calling these persons
Guru01 - Stuvia
insurance agents, but the official term insurance producers
Individual Insurance Producer Requirements: (5)
Ans: 1. Be at least 18 year of age
2026
2. Reside in or work mainly from an office located in State
©
3. Complete Pre-licensing education required to prepare for state exam*
4. Paid their fees and submitted an application (Form 1546A)
5. Successfully pass their required exam with 70% or higher*
*An exam is required for licenses to sell most lines of insurance, and the
exams are specific to the lines of authority requested (e.g. life, health,
property, casualty, etc.)
Examples of Legal Business Entities
Ans: Corporation, partnership, limited liability company (LLC), etc.
, 3 for specific request mail
Business Entity Producer
Ans: A legal business entity may also be a producer and conduce
insurance business in the state
a. must have producer's license in business name
b. business must first have a licensed individual producer
c. have several other pieces of documentation required to apply (Form
1546B)
Assignment Expert
License Expiration P&C
Ans: Every 2 years odd numbered years (2013, 2015) by the last day of
Guru01 - Stuvia
your birth month
License Expiration LH&A
Ans: Every 2 years even numbered years (2014, 2016) by the last day of
2026
your birth month
License Term and Renewal
©
Ans: every licensee must...
- complete certain number of hours in continuing education
- maintain satisfactory conduct
- send in renewal app and fees every renewal term
*Your license is only issued once and you must renew it every term to
keep it active
The final approval to renew your license rests with the ______________, as
he decides to renew or not to renew.
Ans: Commissioner
