Property and Casualty Exam- Louisiana questions with correct answers

Should 2 or more insurers issue a combined Standard Fire Policy insuring a single risk, in the event of a loss, the insured must notify CORRECT ANSWER Any of the insurers providing coverage. The policy conditions define CORRECT ANSWER How parties to the contract must act following a loss. Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT CORRECT ANSWER Conditions. The value placed on property insured under a fire insurance policy is used to determine the policy's CORRECT ANSWER Premium. Shipbuilders and repairers are covered by the CORRECT ANSWER U.S. Longshore and Harbor Workers Compensation Act. Which of the following terms refers to a person's ability to do some work or the need to do alternative work? CORRECT ANSWER Temporary partial disability Insurer examinations must occur no less frequently than every CORRECT ANSWER 5 years. If a commercial policy, in effect for less than 60 days, is to be canceled for nonpayment of premium, how much prior notice must the insurer give to the first named insured? CORRECT ANSWER 10 days The Residential Condominium Building Association Policy (RCBAP) is used for residential condominium building associations to cov