Louisiana Property & Casualty Insurance Course Exam questions with correct answers

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 ANSWER Doctrine Of Reasonable Expectation What Is A Hazard? CORRECT ANSWER An Increase In The Possibility That A Loss Might Occur. The Purpose Of Insurance Is To____________ CORRECT ANSWER 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 ANSWER Mutual Company The Renewal Fee For A Louisiana Producer License Is________ CORRECT ANSWER $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 ANSWER McCarran-Ferguson Act An Insurance Policy Is Prepared By T