LOUISIANA P&C STATE EXAMINATION
QUESTIONS WITH 100% CORRECT
ANSWERS
. A business entity acting as a claims adjuster is required to obtain a claims adjuster
license.
Application shall be made using what application? - Answer-Uniform business entity
application
These required steps below represent what type of adjustor's license application?
* *An adjuster seeking what type of License**
(1) Is eligible to designate this state as his home state or is a nonresident who is not
eligible for a license
(2) Has not committed any act that is a ground for denial, suspension, or revocation of a
license
(3) Has paid the fees
(4) Maintains an office in the home state of residence with public access by reasonable
appointment or regular business hours.
(1) Be at least eighteen years of age.
(2) Have successfully passed the adjuster examination - Answer-Resident license -
Before issuing a claims adjuster license to an applicant pursuant to this Section, the
commissioner of insurance shall find that the applicant:
These required steps below represent what type of adjustor's license application?
* *An adjuster seeking what type of License**
(1) The person is currently licensed as a resident claims adjuster, and if an individual
has passed a claims adjuster examination, and is in good standing in the home state. If
the home state does not require examinations then the individual shall pass the
examination provided
(2) The person has submitted the proper fees required
, (3) The person has submitted or transmitted to the commissioner of insurance the
appropriate completed application for licensure.
(4) The person's home state awards nonresident claims adjuster licenses to residents of
this state on the same basis. - Answer-Nonresident claims adjuster license reciprocity
These required steps below represent what type of adjustor's license application?
* *An adjuster seeking what type of License**
A. The claims adjuster license shall specifically limit the kinds of insurance that may be
handled by the person.
B. The claims adjuster shall not adjust insurance claims other than those for which the
adjuster is specifically licensed. - Answer-Limited claims adjuster license -
**If considered necessary by the commissioner of insurance, the department may issue
a limited claims adjuster license to an applicant in the manner otherwise provided for
the issuance of a license
if a producer had been engaged in an administrative action by any governmental
agency, within how many days following the final deposition must the producer report
the action to the commissioner? - Answer-30 days
Before an insurance company may sell insurance in Louisiana, the company must
secure what? - Answer-secure a certificate of authority from the Department of
insurance
The value placed on property insured under a fire insurance policy is used to determine
the policy's - Answer-Premium
What defines how parties must act following a loss? - Answer-Policy Conditions
the Louisiana life and health insurance guaranty association was established to protect
consumers in the event of an insurer's - Answer-insolvency
Should 2 or more insurers issue a combined Standard Fire Policy insuring a single risk,
in the event of a loss, the insured must notify - Answer-
A licensee whose name or address changes must notify the commissioner within how
many days? - Answer-10 days
the transaction which a new life insurance policy is purchased and an existing life
insurance policy is surrendered It's called - Answer-a replacement
QUESTIONS WITH 100% CORRECT
ANSWERS
. A business entity acting as a claims adjuster is required to obtain a claims adjuster
license.
Application shall be made using what application? - Answer-Uniform business entity
application
These required steps below represent what type of adjustor's license application?
* *An adjuster seeking what type of License**
(1) Is eligible to designate this state as his home state or is a nonresident who is not
eligible for a license
(2) Has not committed any act that is a ground for denial, suspension, or revocation of a
license
(3) Has paid the fees
(4) Maintains an office in the home state of residence with public access by reasonable
appointment or regular business hours.
(1) Be at least eighteen years of age.
(2) Have successfully passed the adjuster examination - Answer-Resident license -
Before issuing a claims adjuster license to an applicant pursuant to this Section, the
commissioner of insurance shall find that the applicant:
These required steps below represent what type of adjustor's license application?
* *An adjuster seeking what type of License**
(1) The person is currently licensed as a resident claims adjuster, and if an individual
has passed a claims adjuster examination, and is in good standing in the home state. If
the home state does not require examinations then the individual shall pass the
examination provided
(2) The person has submitted the proper fees required
, (3) The person has submitted or transmitted to the commissioner of insurance the
appropriate completed application for licensure.
(4) The person's home state awards nonresident claims adjuster licenses to residents of
this state on the same basis. - Answer-Nonresident claims adjuster license reciprocity
These required steps below represent what type of adjustor's license application?
* *An adjuster seeking what type of License**
A. The claims adjuster license shall specifically limit the kinds of insurance that may be
handled by the person.
B. The claims adjuster shall not adjust insurance claims other than those for which the
adjuster is specifically licensed. - Answer-Limited claims adjuster license -
**If considered necessary by the commissioner of insurance, the department may issue
a limited claims adjuster license to an applicant in the manner otherwise provided for
the issuance of a license
if a producer had been engaged in an administrative action by any governmental
agency, within how many days following the final deposition must the producer report
the action to the commissioner? - Answer-30 days
Before an insurance company may sell insurance in Louisiana, the company must
secure what? - Answer-secure a certificate of authority from the Department of
insurance
The value placed on property insured under a fire insurance policy is used to determine
the policy's - Answer-Premium
What defines how parties must act following a loss? - Answer-Policy Conditions
the Louisiana life and health insurance guaranty association was established to protect
consumers in the event of an insurer's - Answer-insolvency
Should 2 or more insurers issue a combined Standard Fire Policy insuring a single risk,
in the event of a loss, the insured must notify - Answer-
A licensee whose name or address changes must notify the commissioner within how
many days? - Answer-10 days
the transaction which a new life insurance policy is purchased and an existing life
insurance policy is surrendered It's called - Answer-a replacement
