Louisiana Property & Casualty Exam - PSI & ExamFX | Questions with 100% Correct
Answers | Updated &Verified | 2024-2025 | 100% Score
If a producer allows his license to lapse, within what time period may the producer reinstate the same
license? - ✔✔b) 2 years
Producers who allow their license to lapse may reinstate them same license within 2 years, upon proof
of fulfilling all continuing education requirements through the date of reinstatement, & by paying all
overdue fees.
Which of the following would be eligible for Homeowners Coverage F - Medical Payments in the event of
injury at the insured's premises? - ✔✔d) A full-time maid
Medical payments on the HO policy cover costs incurred for up to three years after the accident.
Coverage does not apply to any insured or a regular resident of the premises, except resident employees
not covered by workers compensation.
Which of the following statements is NOT true of a commercial umbrella liability policy? - ✔✔a) It would
automatically cover all losses as they occur.
There is usually a minimum limit of liability the insured must carry & maintain on the basic policies, such
as $1,000,000 for commercial risks. In addition, there are usually retained limits (called a self-insured
retention, or SIR) that the insured must satisfy before the umbrella policy will respond to certain kinds of
losses.
Which of the following perils is NOT covered the DP-2? - ✔✔c) Damage to pets, birds, or fish
DP-2 covers perils caused by breakage of glass, weight of ice 7 snow, or falling objects. Not damage to
pets, birds or Fish
Which is NOT true of workers compensation coverages? - ✔✔c) Medical Payment benefits are limited.
Workers compensation medical payments are unlimited.
, The garage coverage from is written to cover the insurance needs of an insured in the business of
selling, repairing, servicing or storing automobiles. Which of the following coverages are not included in
a garage policy? - ✔✔b) Physical damage on a customer's auto
The garage policy has a care, custody and control exclusion which would eliminate coverage for any
damage to a customer's auto. This exposure would need to be covered under a garagekeepers policy.
Which of the following injuries under Coverage C - Medical Payments of a commercial general liability
policy? - ✔✔b) Injuries to a member of the general public that occurs on premises
Medical payments coverage makes payment of necessary medical & first aid for injuries to third parties
occurring on the insured premises, regardless...
Which of the following is a federal act that covers crews of ships the same as railroad workers? - ✔✔a)
The Jones Act
The Jones Act is a federal act that covers ships' crews with the same remedy available to railroad
workers.
The commercial general liability Coverage Part A - Bodily Injury & Property Damage provides coverage
for which of the following? - ✔✔a) Premises
Premises, operations, products, and completed operations coverage are included in a general liability
coverage part.
Which of the following perils will be EXCLUDED from coverage under HO-4 Tenant Broad Form of a
homeowners policy? - ✔✔c) Sewer water backup
Water damage, including sewer water backup, is among general property exclusions for all HO policy
forms.
Answers | Updated &Verified | 2024-2025 | 100% Score
If a producer allows his license to lapse, within what time period may the producer reinstate the same
license? - ✔✔b) 2 years
Producers who allow their license to lapse may reinstate them same license within 2 years, upon proof
of fulfilling all continuing education requirements through the date of reinstatement, & by paying all
overdue fees.
Which of the following would be eligible for Homeowners Coverage F - Medical Payments in the event of
injury at the insured's premises? - ✔✔d) A full-time maid
Medical payments on the HO policy cover costs incurred for up to three years after the accident.
Coverage does not apply to any insured or a regular resident of the premises, except resident employees
not covered by workers compensation.
Which of the following statements is NOT true of a commercial umbrella liability policy? - ✔✔a) It would
automatically cover all losses as they occur.
There is usually a minimum limit of liability the insured must carry & maintain on the basic policies, such
as $1,000,000 for commercial risks. In addition, there are usually retained limits (called a self-insured
retention, or SIR) that the insured must satisfy before the umbrella policy will respond to certain kinds of
losses.
Which of the following perils is NOT covered the DP-2? - ✔✔c) Damage to pets, birds, or fish
DP-2 covers perils caused by breakage of glass, weight of ice 7 snow, or falling objects. Not damage to
pets, birds or Fish
Which is NOT true of workers compensation coverages? - ✔✔c) Medical Payment benefits are limited.
Workers compensation medical payments are unlimited.
, The garage coverage from is written to cover the insurance needs of an insured in the business of
selling, repairing, servicing or storing automobiles. Which of the following coverages are not included in
a garage policy? - ✔✔b) Physical damage on a customer's auto
The garage policy has a care, custody and control exclusion which would eliminate coverage for any
damage to a customer's auto. This exposure would need to be covered under a garagekeepers policy.
Which of the following injuries under Coverage C - Medical Payments of a commercial general liability
policy? - ✔✔b) Injuries to a member of the general public that occurs on premises
Medical payments coverage makes payment of necessary medical & first aid for injuries to third parties
occurring on the insured premises, regardless...
Which of the following is a federal act that covers crews of ships the same as railroad workers? - ✔✔a)
The Jones Act
The Jones Act is a federal act that covers ships' crews with the same remedy available to railroad
workers.
The commercial general liability Coverage Part A - Bodily Injury & Property Damage provides coverage
for which of the following? - ✔✔a) Premises
Premises, operations, products, and completed operations coverage are included in a general liability
coverage part.
Which of the following perils will be EXCLUDED from coverage under HO-4 Tenant Broad Form of a
homeowners policy? - ✔✔c) Sewer water backup
Water damage, including sewer water backup, is among general property exclusions for all HO policy
forms.
