Series 1; Insurance Regulation Questions and Correct Answers-Latest Update Already Graded

Series 1: Insurance Regulation Questions and
Correct Answers/ Latest Update / Already Graded
A resident producer who moves from Louisiana to another state MUST file a
change of address and provide certification from the new resident state within:

Select one:

a. 30 days of the change of legal residence.

b. 60 days of the change of legal residence.

c. 90 days of the change of legal residence.

d. 120 days of the change of legal residence.

Ans: a


Every insurer doing business in Louisiana MUST be examined at least once every:

Select one:

a. Year

b. Two Years

c. Three Years

d. Five Years

Ans: d


With an Exclusive or Captive Agency System:

Select one:

a. The producer is a branch manager.

, b. The producer may be appointed by unlimited insurance companies.

c. Producer represents only one insurer.

d. The producer is self insured.

Ans: c


The Commissioner MAY issue a temporary insurance producer license without
requiring an examination for up to

Select one:

a. 60 days

b. 90 days

c. 180 days

d. 360 days

Ans: c


In Louisiana, the Insurance Commissioner is:

Select one:

a. Appointed for life.

b. Elected for a term of two years.

c. Elected for a term of four years.

d. Elected for a term of eight years.

Ans: c


A license will be considered used for writing controlled business if the total
commissions earned from the controlled business exceed _____ of the