LOUISIANA COMMON INSURANCE LAW
QUESTIONS AND ANSWERS
To obtain a Louisiana producer license, an applicant must comply with all of the
following EXCEPT: - CORRECT ANSWER- Be at least age 21
To obtain a Louisiana non-resident producer license, an applicant must comply with all
of the following EXCEPT: - CORRECT ANSWER- Pass the Louisiana producer's exam
An insurer organized under the laws of a state other than Louisiana is known as a
________ insurer in this state: - CORRECT ANSWER- foreign
A producer who allows their license to lapse may, within ____ years, reinstate the
license by fulfilling all continuing education requirements and paying all fees due: -
CORRECT ANSWER- 5
A producer is in violation of the regulation regarding controlled business if more than
____% of their commissions in a 12 month period comes from controlled business: -
CORRECT ANSWER- 25
Any person aggrieved by any order of the Commissioner may request a hearing, which
must be held within ____ days: - CORRECT ANSWER- 30
Beginning with license renewals effective in 2010, life and health producers must
complete 24 hours of approved CE, of which at least ____ hours must be dedicated to
ethics: - CORRECT ANSWER- 3
The Insurance Fraud Section of the Department of Insurance may do all of the following
EXCEPT: - CORRECT ANSWER- Prosecute those who violate the Insurance Fraud Act
An insurer's license to do business in this state is known as a(n): - CORRECT
ANSWER- Certificate of Authority
A licensee must provide privacy protection notices to customers: - CORRECT
ANSWER- Both initially and annually thereafter
State law places restrictions on the amount of insurance that a producer can write on
themselves, their family or interests, which is called _____________ business: -
CORRECT ANSWER- controlled
How many insurer appointments may a producer have: - CORRECT ANSWER- any
number
QUESTIONS AND ANSWERS
To obtain a Louisiana producer license, an applicant must comply with all of the
following EXCEPT: - CORRECT ANSWER- Be at least age 21
To obtain a Louisiana non-resident producer license, an applicant must comply with all
of the following EXCEPT: - CORRECT ANSWER- Pass the Louisiana producer's exam
An insurer organized under the laws of a state other than Louisiana is known as a
________ insurer in this state: - CORRECT ANSWER- foreign
A producer who allows their license to lapse may, within ____ years, reinstate the
license by fulfilling all continuing education requirements and paying all fees due: -
CORRECT ANSWER- 5
A producer is in violation of the regulation regarding controlled business if more than
____% of their commissions in a 12 month period comes from controlled business: -
CORRECT ANSWER- 25
Any person aggrieved by any order of the Commissioner may request a hearing, which
must be held within ____ days: - CORRECT ANSWER- 30
Beginning with license renewals effective in 2010, life and health producers must
complete 24 hours of approved CE, of which at least ____ hours must be dedicated to
ethics: - CORRECT ANSWER- 3
The Insurance Fraud Section of the Department of Insurance may do all of the following
EXCEPT: - CORRECT ANSWER- Prosecute those who violate the Insurance Fraud Act
An insurer's license to do business in this state is known as a(n): - CORRECT
ANSWER- Certificate of Authority
A licensee must provide privacy protection notices to customers: - CORRECT
ANSWER- Both initially and annually thereafter
State law places restrictions on the amount of insurance that a producer can write on
themselves, their family or interests, which is called _____________ business: -
CORRECT ANSWER- controlled
How many insurer appointments may a producer have: - CORRECT ANSWER- any
number
