Louisiana Insurance Regulation Exam Questions and Answers – Complete Study Guide for Louisiana Insurance Licensing Exam Preparation (A+ Review Material)

LA INSURANCE REGULATION EXAM




LA INSURANCE REGULATION EXAM QUESTIONS
AND ANSWERS GRADED A+



How long is a temporary producer license? ANS >> 180 Days.


How often does the Commissioner need to examine all
insurers? ANS >> At least once every 5 years.


Insurance fraudulent acts must be reported to the
Commissioner Fraud Division within how many days? ANS >>
60 Days.


How many days does an insurer have to pay loss payments on a
claim? ANS >> 30 Days.

, LA INSURANCE REGULATION EXAM


How many days notice is needed for cancellation of
nonpayment? ANS >> 10 Days.


How many days notice is needed for a fire property policy non-
renewal? ANS >> 30 Days.


What are the minimum Liability limits in Louisiana? ANS >>
15/30/25.


How many days notice is needed for an auto casualty policy
non-renewal? ANS >> 20 Days.


How many days notice is needed for a commercial property
policy non-renewal? ANS >> 60 Days.


Producer ANS >> Any licensed individual who sells, solicits, or
negotiates insurance.


Non-resident Producer License ANS >> Anyone residing in
another state who is licensed in that specific state that wants to
be a producer in another state; they must apply for licensure
through the Commissioner; before receiving license, the non-