LOUISIANA INSURANCE ADJUSTER FINAL PAPER
2025/2026 QUESTIONS WITH ANSWERS GRADED A+
✔✔FAIR and Coastal Plans - if any ins. co fails to comply with a written directive by the
Commissioner within ___ days, the Commissioner may levy a fine of up to $_____ -
✔✔30 days $25,000
✔✔who certifies acts of terrorism? 3 names - ✔✔Sec of Treasury, Sec. of Homeland
Security and US Attorney General
✔✔in 2017 the Program Trigger for TRIA is $_______ - ✔✔140 million
✔✔In a CGL, Claims-made form, Basic Extended Reporting Period. This tail is
automatically provided without additional charge and covers occurrences reported by
the insured to the insurer within ____ days after the policy expires as long as a claim is
made by a 3rd party against the insured within ____ years - ✔✔60 days 5 years
✔✔Claims made form, Supplemental Extended Reporting Period is for and add'l
premium not to exceed ___% of the expiring policy premium and if requested within
____ days after the end of the policy, provides an extended reporting period of unlimited
duration to file claims for occurrences which occurred after the retroactive date and prior
to the policy's original expiration date - ✔✔200% 60 days
✔✔CGL the Premises hazard covers occurrences taking pace in or on newly acquired
property if the insurer is notified within ____ days of acquisition - ✔✔90
✔✔in a CGL, a company selling or manufacturing goods would need _____ coverage -
✔✔products
✔✔in a CLG, a construction company would need ___ ___ coverage - ✔✔completed
operations
✔✔What is an "Insured Contract" by the CGL definition? - ✔✔incidental contracts
associated with the insured's business: lease of premises, elevator maintenance
agreements, sidetrack agreements with RR, municipalities, easement, civil authority, etc
EXCLUDES contractual liability for architects, engineers or surveyors
✔✔CGL Contractual Liability is - ✔✔liability of another that an insured has assumed in a
written contract. the policy will only provide coverage for an "insured contract'
✔✔CGL Supplementary Payments pay up to $____ of cost of bail bonds and up to
$_____ loss of earning per day - ✔✔250 and 250
, ✔✔CGL coverage applies s if each named insured were the only named insured, and
applies separately to each insured against which a claim is made. So each insured
named in the lawsuit will receive their own claim defense and investigation -
✔✔separation of Insureds
✔✔Flood Insurance Emergency Program maximum limit for building coverage for a
single family is - ✔✔$35,000
✔✔Flood Insurance Emergency Program max limit for Other residential and Non-
residential is - ✔✔$100,000 each
✔✔Flood Insurance Emergency Program contents coverage per unit for residential is?
non-residential is? - ✔✔$10,000 and $100,000
✔✔Flood Insurance Regular Program. Rates are no longer subsidized by the
government and the max limit for building coverage 1 to 4 family or condo is?
Other residential 5 or more families is? - ✔✔$250,000 and $500,000
✔✔Flood Insurance Regular Program max limits on Contents Coverage per unit all
residential is?
non-residential or commercial is? - ✔✔$100,000 $500,000
✔✔Flood Insurance deductible for Emergency Program is?
For Regular Program is? - ✔✔$2000 $1000 reg.
✔✔Flood Insurance will pay up to $_____ for reasonable expenses incurred to move
insured property to another location to protect it from flood and will cover for a period of
____ consecutive days - ✔✔$1000 and 45 days
✔✔Flood Insurance Increased Cost of Compliance, the limit of liability is $_______ per
building and is an add'l coverage over and above the policy limit for bldgs. no deductible
- ✔✔$30,000
✔✔Equipment Breakdown, automatic coverage is provided to newly acquired
equipment if insured informs Ins Co within _____ days of purchase - ✔✔90
✔✔Equipment Breakdown Supplementary Payments pays up to $_____ per day for
loss earnings - ✔✔100
✔✔Liberalization for Commercial Property is ___ days - ✔✔45
✔✔Commercial Property Insurance Coverage C - Personal Property of Others provides
$______ - ✔✔2500
2025/2026 QUESTIONS WITH ANSWERS GRADED A+
✔✔FAIR and Coastal Plans - if any ins. co fails to comply with a written directive by the
Commissioner within ___ days, the Commissioner may levy a fine of up to $_____ -
✔✔30 days $25,000
✔✔who certifies acts of terrorism? 3 names - ✔✔Sec of Treasury, Sec. of Homeland
Security and US Attorney General
✔✔in 2017 the Program Trigger for TRIA is $_______ - ✔✔140 million
✔✔In a CGL, Claims-made form, Basic Extended Reporting Period. This tail is
automatically provided without additional charge and covers occurrences reported by
the insured to the insurer within ____ days after the policy expires as long as a claim is
made by a 3rd party against the insured within ____ years - ✔✔60 days 5 years
✔✔Claims made form, Supplemental Extended Reporting Period is for and add'l
premium not to exceed ___% of the expiring policy premium and if requested within
____ days after the end of the policy, provides an extended reporting period of unlimited
duration to file claims for occurrences which occurred after the retroactive date and prior
to the policy's original expiration date - ✔✔200% 60 days
✔✔CGL the Premises hazard covers occurrences taking pace in or on newly acquired
property if the insurer is notified within ____ days of acquisition - ✔✔90
✔✔in a CGL, a company selling or manufacturing goods would need _____ coverage -
✔✔products
✔✔in a CLG, a construction company would need ___ ___ coverage - ✔✔completed
operations
✔✔What is an "Insured Contract" by the CGL definition? - ✔✔incidental contracts
associated with the insured's business: lease of premises, elevator maintenance
agreements, sidetrack agreements with RR, municipalities, easement, civil authority, etc
EXCLUDES contractual liability for architects, engineers or surveyors
✔✔CGL Contractual Liability is - ✔✔liability of another that an insured has assumed in a
written contract. the policy will only provide coverage for an "insured contract'
✔✔CGL Supplementary Payments pay up to $____ of cost of bail bonds and up to
$_____ loss of earning per day - ✔✔250 and 250
, ✔✔CGL coverage applies s if each named insured were the only named insured, and
applies separately to each insured against which a claim is made. So each insured
named in the lawsuit will receive their own claim defense and investigation -
✔✔separation of Insureds
✔✔Flood Insurance Emergency Program maximum limit for building coverage for a
single family is - ✔✔$35,000
✔✔Flood Insurance Emergency Program max limit for Other residential and Non-
residential is - ✔✔$100,000 each
✔✔Flood Insurance Emergency Program contents coverage per unit for residential is?
non-residential is? - ✔✔$10,000 and $100,000
✔✔Flood Insurance Regular Program. Rates are no longer subsidized by the
government and the max limit for building coverage 1 to 4 family or condo is?
Other residential 5 or more families is? - ✔✔$250,000 and $500,000
✔✔Flood Insurance Regular Program max limits on Contents Coverage per unit all
residential is?
non-residential or commercial is? - ✔✔$100,000 $500,000
✔✔Flood Insurance deductible for Emergency Program is?
For Regular Program is? - ✔✔$2000 $1000 reg.
✔✔Flood Insurance will pay up to $_____ for reasonable expenses incurred to move
insured property to another location to protect it from flood and will cover for a period of
____ consecutive days - ✔✔$1000 and 45 days
✔✔Flood Insurance Increased Cost of Compliance, the limit of liability is $_______ per
building and is an add'l coverage over and above the policy limit for bldgs. no deductible
- ✔✔$30,000
✔✔Equipment Breakdown, automatic coverage is provided to newly acquired
equipment if insured informs Ins Co within _____ days of purchase - ✔✔90
✔✔Equipment Breakdown Supplementary Payments pays up to $_____ per day for
loss earnings - ✔✔100
✔✔Liberalization for Commercial Property is ___ days - ✔✔45
✔✔Commercial Property Insurance Coverage C - Personal Property of Others provides
$______ - ✔✔2500
