P&C Exam Questions with all Correct & 100% Verified
Answers |Actual Complete Update |Already Graded A+
Lesson 1:
Louisiana Insurance Regulations ✔Correct Answer-
Which of the following is a reason for suspension or revocation of a producer's license by the
Commissioner?
a. Playing golf on Fridays
b. Failing to pay child support
c. Paying a credit card bill late one month
d. Obtaining a real estate license ✔Correct Answer-b. Failing to pay child support Correct
The Commissioners' duties do not include:
a. Issuing, renewing, suspending and revoking insurance licenses
b. Issuing cease and desist orders in the business of insurance
c. Examining the financials of an insurer
d. Reviewing the financials of a software company ✔Correct Answer-d. Reviewing the
financials of a software company
The Insurance Department reviews the files of insurance companies at least once every ___
years?
a. 3
b. 4
c. 5
d. 6 ✔Correct Answer-c. 5
Fraudulent insurance acts include all of the following except:
a. Diverting money from an insurer
,b. Giving false information to the Commissioner
c. Presenting financials to the Department with a few mistakes
d. Knowingly selling policies for a bankrupt insurance company ✔Correct Answer-c.
Presenting financials to the Department with a few mistakes
The Violent Crime Control and Law Enforcement Act requires ________ to get permission from
the Commissioner before they can get an insurance license.
a. minors
b. producers from other states
c. convicted felons
d. anyone who has had a license expire ✔Correct Answer-c. convicted felons
The Fair Credit Reporting Act established procedures to protect:
a. Consumers
b. Producer agencies
c. Insurance agents
d. Claims adjusters ✔Correct Answer-a. Consumers
A producer's license for property and casualty requires how many hours of CE every renewal
period?
a. 20
b. 12
c. 16
d. 24 ✔Correct Answer-d. 24
The renewal fee for a Louisiana producer license is:
a. $100
, b. $5,000
c. $50
d. $250 ✔Correct Answer-c. $50
The federal law that says the federal government can only regulate insurance companies to the
extent they are not regulated by state law is
a. The Law Enforcement Act of 1994
b. McCarran-Ferguson Act
c. Gramm-Leach-Bliley Act
d. FCRA ✔Correct Answer-b. McCarran-Ferguson Act
The requirements to get a resident Louisiana insurance producer's license include all of the
following EXCEPT:
a. 18 years of age
b. Pass state exam
c. Associate's degree
d. Live or work in Louisiana ✔Correct Answer-c. Associate's degree
Lesson 2:
General Insurance ✔Correct Answer-
Which of the following is not an element of a contract?
a. Legal purpose
b. Legal importance
c. Consideration
d. Competent parties ✔Correct Answer-b. Legal importance
Giving up a right or privilege is called?
a. Waiver
Answers |Actual Complete Update |Already Graded A+
Lesson 1:
Louisiana Insurance Regulations ✔Correct Answer-
Which of the following is a reason for suspension or revocation of a producer's license by the
Commissioner?
a. Playing golf on Fridays
b. Failing to pay child support
c. Paying a credit card bill late one month
d. Obtaining a real estate license ✔Correct Answer-b. Failing to pay child support Correct
The Commissioners' duties do not include:
a. Issuing, renewing, suspending and revoking insurance licenses
b. Issuing cease and desist orders in the business of insurance
c. Examining the financials of an insurer
d. Reviewing the financials of a software company ✔Correct Answer-d. Reviewing the
financials of a software company
The Insurance Department reviews the files of insurance companies at least once every ___
years?
a. 3
b. 4
c. 5
d. 6 ✔Correct Answer-c. 5
Fraudulent insurance acts include all of the following except:
a. Diverting money from an insurer
,b. Giving false information to the Commissioner
c. Presenting financials to the Department with a few mistakes
d. Knowingly selling policies for a bankrupt insurance company ✔Correct Answer-c.
Presenting financials to the Department with a few mistakes
The Violent Crime Control and Law Enforcement Act requires ________ to get permission from
the Commissioner before they can get an insurance license.
a. minors
b. producers from other states
c. convicted felons
d. anyone who has had a license expire ✔Correct Answer-c. convicted felons
The Fair Credit Reporting Act established procedures to protect:
a. Consumers
b. Producer agencies
c. Insurance agents
d. Claims adjusters ✔Correct Answer-a. Consumers
A producer's license for property and casualty requires how many hours of CE every renewal
period?
a. 20
b. 12
c. 16
d. 24 ✔Correct Answer-d. 24
The renewal fee for a Louisiana producer license is:
a. $100
, b. $5,000
c. $50
d. $250 ✔Correct Answer-c. $50
The federal law that says the federal government can only regulate insurance companies to the
extent they are not regulated by state law is
a. The Law Enforcement Act of 1994
b. McCarran-Ferguson Act
c. Gramm-Leach-Bliley Act
d. FCRA ✔Correct Answer-b. McCarran-Ferguson Act
The requirements to get a resident Louisiana insurance producer's license include all of the
following EXCEPT:
a. 18 years of age
b. Pass state exam
c. Associate's degree
d. Live or work in Louisiana ✔Correct Answer-c. Associate's degree
Lesson 2:
General Insurance ✔Correct Answer-
Which of the following is not an element of a contract?
a. Legal purpose
b. Legal importance
c. Consideration
d. Competent parties ✔Correct Answer-b. Legal importance
Giving up a right or privilege is called?
a. Waiver
