Louisiana Property & Casualty Insurance Course Exam Already Scored A+

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 - ANSWERSDoctrine Of Reasonable Expectation What Is A Hazard? - ANSWERSAn Increase In The Possibility That A Loss Might Occur. The Purpose Of Insurance Is To____________ - ANSWERSTransfer 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________ - ANSWERSMutual Company The Renewal Fee For A Louisiana Producer License Is________ - 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________ - ANSWERSMcCarran-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________ - ANSWERSAdhesion Contract An Individual Who Owns And Lives In A Condominium Can Obtain Broad Coverage For Personal Property In The Condo Under Which Homeowners Form? - ANSWERSHO-6 What Rating Method Involves Modifying The Premium Based On The Insured's Loss Experience Over A Specific Period Of Time? - ANSWERSExperience Rating Which One Of The Following Types Of Benefits Is Generally Not Provided By A State's Workers Compensation Law? - ANSWERSPain & Suffering