10/4/25, 10:24 PM Louisiana Property & Casualty Exam - PSI & ExamFX Flashcards | Quizlet
Louisiana Property & Casualty Exam - PSI & Exam FX
COMPLETE 2025-2026 |QUESTIONS AND ANSWERS | 100%
ACCURATE
Terms in this set (463)
b) Principal.
The defendant being
released on a surety bail The defendant has made a promise to show up in court
bond is the at the specified time. The principal makes a promise to
perform.
d) Rowboats
Which of the following
types of property would
Aircraft designed for flights 7 carrying people, motor
be covered under
vehicles, and motor-powered boats are excluded.
Coverage C - Personal
However, rowboats & canoes would be covered.
Property in a dwelling
policy?
Which of the following terms d) Nonrenewal
means
termination of an Nonrenewal is the termination of an insurance policy at
insurance policy at its its expiration date by not offering a continuation of the
expiration date by not existing policy or a replacement policy.
offering a policy
continuation or
replacement?
According to the Insured a) Promptly hire an adjuster to evaluate the property damage.
Duties after a Loss
provision in homeowners Hiring an adjuster is not one of the requirements for
policies, in the event of loss, the insured. The rest of the options are required
the insured must do all of insured's duties.
the following EXCEPT...
c) 90 days prior to expiration
How long is the period of time
in which a licensee must
Licensees may renew their license 90 days prior to its expiration.
renew his or her license?
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,10/4/25, 10:23 PM Louisiana Property & Casualty Exam - PSI & ExamFX
b) A vehicle purchased 90 days ago
Which of the following would
NOT be A covered auto includes automobiles listed in the
eligible for coverage under a declarations, owned trailers, newly acquired autos (for
personal auto policy? 30 days), nonowned temporary substitute vehicles, and
additional temporary vehicles due to repair, servicing,
breakdown, or loss.
What is the waiting period for b) 24 hours
transportation expenses
coverage for a loss other Expense payments begin after a 24- hour waiting period for
reasons other than theft.
than theft of a covered
vehicle?
a) Apply & pay a fee to a nonresident state that reciprocates
In order to get a nonresident
license in Louisiana, In order to get a nonresident license in this state,
producers must producers must apply & pay a fee to a nonresident
state that reciprocates.
a) The insurer is required to provide proof that the
insured received the cancellation notice prior to
All of the following are true
cancelling the policy.
about the cancellation
provision of a commercial
If the notice of cancellation is mailed, the insurance company is
insurance policy EXCEPT... not required to
prove that the insured actually received the notice. It is
required to prove only it was mailed to the first named
insured at the mailing address as shown on the policy.
b) 2 years
If a producer allows his
license to lapse, within what Producers who allow their license to lapse may reinstate
time period may the producer them same license within 2 years, upon proof of
reinstate the same license? fulfilling all continuing education requirements through
the date of reinstatement, & by paying all overdue
fees.
d) A full-time maid
Which of the following
would be eligible for
Medical payments on the HO policy cover costs incurred
Homeowners Coverage F
for up to three years after the accident. Coverage
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,10/4/25, 10:23 PM Louisiana Property & Casualty Exam - PSI & ExamFX
- Medical Payments in does not apply to any insured or a regular resident of
the event of injury at the the
insured's premises? premises, except resident employees not covered by workers
compensation.
a) It would automatically cover all losses as they occur.
Which of the following
There is usually a minimum limit of liability the insured
statements is NOT true of a
must carry & maintain on the basic policies, such as
commercial umbrella
$1,000,000 for commercial risks. In addition, there are
liability
usually retained limits (called a self-insured retention, or
policy?
SIR) that the insured must satisfy before the umbrella
policy will respond to certain kinds of losses.
c) Damage to pets, birds, or fish
Which of the following
perils is NOT covered the DP-2 covers perils caused by breakage of glass, weight
DP-2? of ice 7 snow, or falling objects. Not damage to pets,
birds or Fish
c) Medical Payment benefits are limited.
Which is NOT true of
workers compensation
Workers compensation medical payments are unlimited.
coverages?
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, 10/4/25, 10:24 PM Louisiana Property & Casualty Exam - PSI & ExamFX Flashcards | Quizlet
The garage coverage b) Physical damage on a customer's auto
from is written to cover
the insurance needs of an The garage policy has a care, custody and control
insured in the business of exclusion which would eliminate coverage for any
selling, repairing, servicing damage to a customer's auto. This exposure would
or storing automobiles. need to be covered under a garagekeepers policy.
Which of the
following coverages are not
included in a garage policy?
b) Injuries to a member of the general public that occurs on
Which of the following
premises
injuries under Coverage
C - Medical Payments Medical payments coverage makes payment of
of a commercial necessary medical & first aid for injuries to third parties
general liability policy? occurring on the insured premises, regardless...
a) The Jones Act
Which of the following is a
federal act that covers
The Jones Act is a federal act that covers ships' crews
crews of ships the same as
with the same remedy available to railroad workers.
railroad workers?
The commercial general a) Premises
liability Coverage Part A -
Bodily Injury & Property Premises, operations, products, and completed
Damage provides operations coverage are included in a general liability
coverage for which of the coverage part.
following?
Which of the following c) Sewer water backup
perils will be EXCLUDED
from coverage under Water damage, including sewer water backup, is among
HO-4 Tenant Broad general property exclusions for all HO policy forms.
Form of a homeowners
policy?
b) An automobile used as a company car by a real estate
company
Under a commercial general
liability policy, which of the Mobile equipment is defined as bulldozers, farm machinery,
forklifts and other
following is NOT considered
vehicles, including attached equipment, designed for
mobile equipment?
use off public roads; vehicles maintained for use solely
https://quizlet.com/1057710033/louisiana-property-casualty-exam-psi-examfx-flash-cards/ 3/95
Louisiana Property & Casualty Exam - PSI & Exam FX
COMPLETE 2025-2026 |QUESTIONS AND ANSWERS | 100%
ACCURATE
Terms in this set (463)
b) Principal.
The defendant being
released on a surety bail The defendant has made a promise to show up in court
bond is the at the specified time. The principal makes a promise to
perform.
d) Rowboats
Which of the following
types of property would
Aircraft designed for flights 7 carrying people, motor
be covered under
vehicles, and motor-powered boats are excluded.
Coverage C - Personal
However, rowboats & canoes would be covered.
Property in a dwelling
policy?
Which of the following terms d) Nonrenewal
means
termination of an Nonrenewal is the termination of an insurance policy at
insurance policy at its its expiration date by not offering a continuation of the
expiration date by not existing policy or a replacement policy.
offering a policy
continuation or
replacement?
According to the Insured a) Promptly hire an adjuster to evaluate the property damage.
Duties after a Loss
provision in homeowners Hiring an adjuster is not one of the requirements for
policies, in the event of loss, the insured. The rest of the options are required
the insured must do all of insured's duties.
the following EXCEPT...
c) 90 days prior to expiration
How long is the period of time
in which a licensee must
Licensees may renew their license 90 days prior to its expiration.
renew his or her license?
https://quizlet.com/1057710033/louisiana-property-casualty-exam-psi-examfx-flash-cards/ 1/95
,10/4/25, 10:23 PM Louisiana Property & Casualty Exam - PSI & ExamFX
b) A vehicle purchased 90 days ago
Which of the following would
NOT be A covered auto includes automobiles listed in the
eligible for coverage under a declarations, owned trailers, newly acquired autos (for
personal auto policy? 30 days), nonowned temporary substitute vehicles, and
additional temporary vehicles due to repair, servicing,
breakdown, or loss.
What is the waiting period for b) 24 hours
transportation expenses
coverage for a loss other Expense payments begin after a 24- hour waiting period for
reasons other than theft.
than theft of a covered
vehicle?
a) Apply & pay a fee to a nonresident state that reciprocates
In order to get a nonresident
license in Louisiana, In order to get a nonresident license in this state,
producers must producers must apply & pay a fee to a nonresident
state that reciprocates.
a) The insurer is required to provide proof that the
insured received the cancellation notice prior to
All of the following are true
cancelling the policy.
about the cancellation
provision of a commercial
If the notice of cancellation is mailed, the insurance company is
insurance policy EXCEPT... not required to
prove that the insured actually received the notice. It is
required to prove only it was mailed to the first named
insured at the mailing address as shown on the policy.
b) 2 years
If a producer allows his
license to lapse, within what Producers who allow their license to lapse may reinstate
time period may the producer them same license within 2 years, upon proof of
reinstate the same license? fulfilling all continuing education requirements through
the date of reinstatement, & by paying all overdue
fees.
d) A full-time maid
Which of the following
would be eligible for
Medical payments on the HO policy cover costs incurred
Homeowners Coverage F
for up to three years after the accident. Coverage
https://quizlet.com/1057710033/louisiana-property-casualty-exam-psi-examfx-flash-cards/ 1/95
,10/4/25, 10:23 PM Louisiana Property & Casualty Exam - PSI & ExamFX
- Medical Payments in does not apply to any insured or a regular resident of
the event of injury at the the
insured's premises? premises, except resident employees not covered by workers
compensation.
a) It would automatically cover all losses as they occur.
Which of the following
There is usually a minimum limit of liability the insured
statements is NOT true of a
must carry & maintain on the basic policies, such as
commercial umbrella
$1,000,000 for commercial risks. In addition, there are
liability
usually retained limits (called a self-insured retention, or
policy?
SIR) that the insured must satisfy before the umbrella
policy will respond to certain kinds of losses.
c) Damage to pets, birds, or fish
Which of the following
perils is NOT covered the DP-2 covers perils caused by breakage of glass, weight
DP-2? of ice 7 snow, or falling objects. Not damage to pets,
birds or Fish
c) Medical Payment benefits are limited.
Which is NOT true of
workers compensation
Workers compensation medical payments are unlimited.
coverages?
https://quizlet.com/1057710033/louisiana-property-casualty-exam-psi-examfx-flash-cards/ 2/95
, 10/4/25, 10:24 PM Louisiana Property & Casualty Exam - PSI & ExamFX Flashcards | Quizlet
The garage coverage b) Physical damage on a customer's auto
from is written to cover
the insurance needs of an The garage policy has a care, custody and control
insured in the business of exclusion which would eliminate coverage for any
selling, repairing, servicing damage to a customer's auto. This exposure would
or storing automobiles. need to be covered under a garagekeepers policy.
Which of the
following coverages are not
included in a garage policy?
b) Injuries to a member of the general public that occurs on
Which of the following
premises
injuries under Coverage
C - Medical Payments Medical payments coverage makes payment of
of a commercial necessary medical & first aid for injuries to third parties
general liability policy? occurring on the insured premises, regardless...
a) The Jones Act
Which of the following is a
federal act that covers
The Jones Act is a federal act that covers ships' crews
crews of ships the same as
with the same remedy available to railroad workers.
railroad workers?
The commercial general a) Premises
liability Coverage Part A -
Bodily Injury & Property Premises, operations, products, and completed
Damage provides operations coverage are included in a general liability
coverage for which of the coverage part.
following?
Which of the following c) Sewer water backup
perils will be EXCLUDED
from coverage under Water damage, including sewer water backup, is among
HO-4 Tenant Broad general property exclusions for all HO policy forms.
Form of a homeowners
policy?
b) An automobile used as a company car by a real estate
company
Under a commercial general
liability policy, which of the Mobile equipment is defined as bulldozers, farm machinery,
forklifts and other
following is NOT considered
vehicles, including attached equipment, designed for
mobile equipment?
use off public roads; vehicles maintained for use solely
https://quizlet.com/1057710033/louisiana-property-casualty-exam-psi-examfx-flash-cards/ 3/95
