Louisiana Property and Casualty Insurance Study guides, Class notes & Summaries

Louisiana Property and Casualty Insurance Law 100% accurate! Authorized insurers may choose not to participate in the plan - ANSWER All of the following are true regarding the Louisiana Automobile Insurance Plan EXCEPT: short-rate - ANSWER The named insured may cancel a property insurance policy in this state at any time, in which case the insurer must refund any unearned premium due on a __________ basis: Standard fire policy - ANSWER The basis for all property insurance sold in this s...

Louisiana Property and Casualty InsuDriver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? a) $125,000 b) $75,000 c) $50,000 d) $25,000 - ANSWER c) $50,000 Underinsured motorist coverage acts as excess over the at-fault motorist...

Authorized insurers may choose not to participate in the plan - ANSWER All of the following are true regarding the Louisiana Automobile Insurance Plan EXCEPT: short-rate - ANSWER The named insured may cancel a property insurance policy in this state at any time, in which case the insurer must refund any unearned premium due on a __________ basis: Standard fire policy - ANSWER The basis for all property insurance sold in this state is the Louisiana: Sole proprietors must be covered under...

Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? a) $125,000 b) $75,000 c) $50,000 d) $25,000 - ANSWER c) $50,000 Underinsured motorist coverage acts as excess over the at-fault motorist's coverage. It will pay the differe...

Louisiana Property and Casualty Insurance Exam 2023 with Verified Solutions

Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? a) $125,000 b) $75,000 c) $50,000 d) $25,000 - c) $50,000 Underinsured motorist coverage acts as excess over the at-fault motorist's coverage. It will pay the difference between the...

Louisiana Property and Casualty Insurance Law exam questions with correct answers

Louisiana Property and Casualty Insurance Exam Questions with 100% Correct Answers

180 days - ANSWERSThe maximum term a temporary license may be issued for is 32 - ANSWERSContinuing Education hours for a producer holding both a L&H and a P&C is every odd numbered year - ANSWERSProperty & Casualty licenses must be renewed $25,000 - ANSWERSWhat is the maximum fine that may be imposed for a willful violation of a cease and desist order issued by the commissioner? April 30th of odd years - ANSWERSP&C producers license expires on Must reside or maintain a principal p...