Louisiana Insurance Exam Questions & Answers Correct 100%

Individual Producer - ANSWERSsomeone who is required to be licensed under Louisiana law to solicit, sell, negotiate, bind, procure, or renew insurance Business Entity - ANSWERSsomeone who is required to be licensed under Louisiana law to solicit, sell, negotiate, bind, procure, or renew Insurance. Includes a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity Resident Producer - ANSWERSsomeone who works or lives in Louisiana. Nonresident Producer - ANSWERSsomeone who maintains a similar license in US or Canada or another country Temporary License - ANSWERSNot to exceed 180 days (6 months) without requiring examination Expiration - ANSWERS- License is issued for 2 years - Must fulfill continuing education and file application for renewal Renewal - ANSWERS- 2 year period - Life & Health every even year - Property & Casualty every odd year - Happens at the end of birth month - $50 fee - Cannot lapse for more than 5 years Every even numbered year - ANSWERSHow often do life and health license renew Every odd numbered year - ANSWERSHow often do property and casualty license renew Within 10 days of change - ANSWERSWhen must a licensee report a change of address to the Commission? -$