Louisiana Property & Casualty Insurance Course Exam (Guaranteed Pass!)

Which One Of The Following Is NOT A Possible Defense Against Negligence? A. Statue Of Limitations B. Doctrine Of Reasonable Expectation C. Intervening Cause D. Comparative Negligence correct answers Doctrine Of Reasonable Expectation What Is A Hazard? correct answers An Increase In The Possibility That A Loss Might Occur. The Purpose Of Insurance Is To____________ correct answers Transfer Risk From A Person, Business Or Organization To An Insurance Company. The Type Of Insurance Company In Which The Policyholder Is Considered An Owner, With The Right To Vote And Share Profits, Is A________ correct answers Mutual Company The Renewal Fee For A Louisiana Producer License Is________ correct answers $50 The Federal Law That Says The Federal Government Can Only Regulate Insurance Companies To The Extent They Are Not Regulated By The State Law Is________ correct answers McCarran-Ferguson Act An Insurance Policy Is Prepared By The Insurance Company, With Little Or No Input From The Insured. This Means That An Insurance Policy Is A/An________ correct answers Adhesion Contract An Individual Who Owns And Lives In A Condominium Can Obtain Broad Coverage For Personal Property In The Condo Under Which Homeowners Form? correct answers HO-6 What Rating Method Involves Modifying The Premium Based On The Insured's Loss Experience Over A Specific Period Of Time? correct answers Experience Rating Which One Of The Following Types Of Benefits Is Generally Not Provided By A State's Workers Compensation Law? correct answers Pain & Suffering Which Of The Following Describes An Insurance Company Doing Business In A State Other Than The One Where It Is Incorporated? correct answers Foreign What Type Of Insurance Policy Insures Against All Risk Of Loss That Are Not Specifically Excluded By The Policy? correct answers Open Peril Policy Which Of The Following Describes Actual Cash Value? correct answers Replacement Cost-Depreciation