LOUISIANA PROPERTY AND CASUALTY
INSURANCE Updated Exam 2026 WITH Recent
Newest Verified And Well Analyzed Exam
Questions (Actual Exam 2026-2027) Correct
Detailed & Verified ANSWERS (100% Accurate
Solutions) ALREADY GRADED A+||NEWEST
VERSION Of The Exam Guarantee Pass!!
Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured
by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that
Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How
much will his Part C: UM/UIM coverage pay?
a) $125,000
b) $75,000
c) $50,000
d) $25,000 - ANSWERS-c) $50,000
Underinsured motorist coverage acts as excess over the at-fault motorist's coverage. It
will pay the difference between the insured's UIM limits and the at-fault driver's bodily
injury limits (in this scenario, $100,000 of the insured's coverage minus $50,000 of the
other driver's). Because of the per person limits of Driver A's underinsured motorist
coverage, the policy will pay the amount necessary to bring payment up to the per
person limit. The policy will not pay more than the limits of liability.
A large antenna is damaged when a tree branch hits an insured farm dwelling during a
storm. Coverage A of a farm property coverage form would insure damages for this
occurrence up to
a) $1,000.
b) $2,000.
c) $3,000.
d) $4,000.
, Antennas, towers, and satellite dishes attached to the dwelling are covered under
Coverage A, but have a special limit of insurance of $1,000 in any 1 occurrence. -
ANSWERS-a) $1,000.
Antennas, towers, and satellite dishes attached to the dwelling are covered under
Coverage A, but have a special limit of insurance of $1,000 in any 1 occurrence.
Charla wants to serve as a producer for Commissions Galore Insurance Company. In
addition to obtaining her producer's license, what else must happen before she can
officially transact insurance for CGIC?
a) She must submit a list of 5 references to CGIC.
b) She must be appointed by the Commissioner.
c) She must be appointed specifically by CGIC.
d) She must get a certificate of authority. - ANSWERS-c) She must be appointed
specifically by CGIC.
Before a producer can serve as an agent for a given insurance company, the producer
must first be appointed by the company.
The main difference between an HO-4 and an HO-6 is
a) HO-6 provides limited dwelling coverage as well as contents coverage.
b) HO-4 does not cover additional living expenses.
c) HO-6 does not cover additional living expenses.
d) HO-4 provides limited dwelling coverage as well as contents coverage. - ANSWERS-
a) HO-6 provides limited dwelling coverage as well as contents coverage.
HO-4 provides no dwelling coverage because a tenant does not own the dwelling; the
condo owner does own the condo and is provided with coverage for improvements.
Both HO-4 and HO-6 cover theft and additional living expenses.
,Which part of an insurance policy covers claims-related expenses, reasonable
expenses incurred by an insured to protect damaged property from further loss, or
defense expenses?
a) Insuring agreement
b) Additional coverage
c) Exclusions
d) Declarations - ANSWERS-b) Additional coverage
The additional coverage portion of a policy provides an additional amount of coverage
for specific loss expense, at no additional premium.
Which of the following would not be a violation of Louisiana insurance regulations?
a) Producer B charges his clients, in addition to the premium, a consulting fee.
b) Producer C uses her license to write uncontrolled business only.
c) Producer D collects premiums due on policies and deposits the funds in his own
personal account.
d) Producer A uses her license to write only insurance for herself and her immediate
family. - ANSWERS-b) Producer C uses her license to write uncontrolled business only.
The purpose of a license is to primarily write non-controlled business.
A claim is considered to have been made
a) When notice is received and recorded by the insurer.
b) When notice is received and recorded by any insured or the insurer, whichever
comes first.
c) When received in writing or telephonically by the insurer.
d) When notice is received by any insured. - ANSWERS-b) When notice is received and
recorded by any insured or the insurer, whichever comes first.
, This is a standard claims-made condition.
When Commercial Crime Coverage Form M - Safe Depository Liability is written, what
must be attached to the policy?
a) The Robbery and Safe Burglary Provisions
b) The General Provisions
c) The Safe Depository General Provisions
d) The Safe Depository Direct Loss Provisions - ANSWERS-c) The Safe Depository
General Provisions
When this coverage is written, the Safe Depository General Provisions must be
attached to the policy instead of the general provisions.
Which of the following is NOT a goal of risk retention?
a) To increase control of claim reserving and claims settlements
b) To fund losses that cannot be insured
c) To minimize the insured's level of liability in the event of loss
d) To reduce expenses and improve cash flow - ANSWERS-c) To minimize the
insured's level of liability in the event of loss
Retention usually results from three basic desires of the insured: to reduce expenses
and improve cash flow, to increase control of claim reserving and claims settlements,
and to fund losses that cannot be insured.
Workers compensation statutes require employers to meet capital reserves
requirements sufficient to pay any claims that might arise. Employers can meet such
obligations through all of the following EXCEPT
INSURANCE Updated Exam 2026 WITH Recent
Newest Verified And Well Analyzed Exam
Questions (Actual Exam 2026-2027) Correct
Detailed & Verified ANSWERS (100% Accurate
Solutions) ALREADY GRADED A+||NEWEST
VERSION Of The Exam Guarantee Pass!!
Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured
by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that
Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How
much will his Part C: UM/UIM coverage pay?
a) $125,000
b) $75,000
c) $50,000
d) $25,000 - ANSWERS-c) $50,000
Underinsured motorist coverage acts as excess over the at-fault motorist's coverage. It
will pay the difference between the insured's UIM limits and the at-fault driver's bodily
injury limits (in this scenario, $100,000 of the insured's coverage minus $50,000 of the
other driver's). Because of the per person limits of Driver A's underinsured motorist
coverage, the policy will pay the amount necessary to bring payment up to the per
person limit. The policy will not pay more than the limits of liability.
A large antenna is damaged when a tree branch hits an insured farm dwelling during a
storm. Coverage A of a farm property coverage form would insure damages for this
occurrence up to
a) $1,000.
b) $2,000.
c) $3,000.
d) $4,000.
, Antennas, towers, and satellite dishes attached to the dwelling are covered under
Coverage A, but have a special limit of insurance of $1,000 in any 1 occurrence. -
ANSWERS-a) $1,000.
Antennas, towers, and satellite dishes attached to the dwelling are covered under
Coverage A, but have a special limit of insurance of $1,000 in any 1 occurrence.
Charla wants to serve as a producer for Commissions Galore Insurance Company. In
addition to obtaining her producer's license, what else must happen before she can
officially transact insurance for CGIC?
a) She must submit a list of 5 references to CGIC.
b) She must be appointed by the Commissioner.
c) She must be appointed specifically by CGIC.
d) She must get a certificate of authority. - ANSWERS-c) She must be appointed
specifically by CGIC.
Before a producer can serve as an agent for a given insurance company, the producer
must first be appointed by the company.
The main difference between an HO-4 and an HO-6 is
a) HO-6 provides limited dwelling coverage as well as contents coverage.
b) HO-4 does not cover additional living expenses.
c) HO-6 does not cover additional living expenses.
d) HO-4 provides limited dwelling coverage as well as contents coverage. - ANSWERS-
a) HO-6 provides limited dwelling coverage as well as contents coverage.
HO-4 provides no dwelling coverage because a tenant does not own the dwelling; the
condo owner does own the condo and is provided with coverage for improvements.
Both HO-4 and HO-6 cover theft and additional living expenses.
,Which part of an insurance policy covers claims-related expenses, reasonable
expenses incurred by an insured to protect damaged property from further loss, or
defense expenses?
a) Insuring agreement
b) Additional coverage
c) Exclusions
d) Declarations - ANSWERS-b) Additional coverage
The additional coverage portion of a policy provides an additional amount of coverage
for specific loss expense, at no additional premium.
Which of the following would not be a violation of Louisiana insurance regulations?
a) Producer B charges his clients, in addition to the premium, a consulting fee.
b) Producer C uses her license to write uncontrolled business only.
c) Producer D collects premiums due on policies and deposits the funds in his own
personal account.
d) Producer A uses her license to write only insurance for herself and her immediate
family. - ANSWERS-b) Producer C uses her license to write uncontrolled business only.
The purpose of a license is to primarily write non-controlled business.
A claim is considered to have been made
a) When notice is received and recorded by the insurer.
b) When notice is received and recorded by any insured or the insurer, whichever
comes first.
c) When received in writing or telephonically by the insurer.
d) When notice is received by any insured. - ANSWERS-b) When notice is received and
recorded by any insured or the insurer, whichever comes first.
, This is a standard claims-made condition.
When Commercial Crime Coverage Form M - Safe Depository Liability is written, what
must be attached to the policy?
a) The Robbery and Safe Burglary Provisions
b) The General Provisions
c) The Safe Depository General Provisions
d) The Safe Depository Direct Loss Provisions - ANSWERS-c) The Safe Depository
General Provisions
When this coverage is written, the Safe Depository General Provisions must be
attached to the policy instead of the general provisions.
Which of the following is NOT a goal of risk retention?
a) To increase control of claim reserving and claims settlements
b) To fund losses that cannot be insured
c) To minimize the insured's level of liability in the event of loss
d) To reduce expenses and improve cash flow - ANSWERS-c) To minimize the
insured's level of liability in the event of loss
Retention usually results from three basic desires of the insured: to reduce expenses
and improve cash flow, to increase control of claim reserving and claims settlements,
and to fund losses that cannot be insured.
Workers compensation statutes require employers to meet capital reserves
requirements sufficient to pay any claims that might arise. Employers can meet such
obligations through all of the following EXCEPT
