Louisiana Property and Casualty Insurance Practice Quiz | Questions with 100% Correct
Answers | Updated &Verified | 2024-2025 | 100% Score
180 days - ✔✔The maximum term a temporary license may be issued for is
32 - ✔✔Continuing Education hours for a producer holding both a L&H and a P&C is
every odd numbered year - ✔✔Property & Casualty licenses must be renewed
$25,000 - ✔✔What is the maximum fine that may be imposed for a willful violation of a cease and desist
order issued by the commissioner?
April 30th of odd years - ✔✔P&C producers license expires on
Must reside or maintain a principal place of business in Louisiana - ✔✔A resident producer
18 years old - ✔✔Applicants for licensure MUST be:
180 - ✔✔The Commissioner of Insurance may issue a temporary license for period NOT TO EXCEED
_______ days without requiring examination.
10 days of the change - ✔✔Every insurance licensee MUST notify the Commissioner of any alteration in
his or her residence or business address within_____
Elected - ✔✔The Louisiana Insurance Commissioner is___
4 Years - ✔✔The Insurance Commissioner's term of office is___
Chief Deputy Commissioner - ✔✔If the Insurance Commissioner becomes incapacitated, the
commissioner's powers will be exercised by the ____
, Certificate of Authority - ✔✔Before a Domestic insurance company can transact insurance in Louisiana,
it must apply for a _____ which the commissioner will issue if the insurer is qualified
As deemed necessary - ✔✔In addition to the minimum examination requirements, the commissioner
may examine insurers as often as__
5 Years - ✔✔Every authorized insurer must be examined by the commissioner at least once every___
Defamation - ✔✔Publishing false or maliciously critical material which is derogatory to the financial
condition of an insurer is an illegal practice known as____
Rebating - ✔✔Promising to return a portion of a premium to a prospective insurance buyer is an illegal
practice known as___
Twisting - ✔✔Persuading a policyowner to drop a satisfactory policy and replace it with another is an
illegal practice called___
Title 22 - ✔✔The Louisiana Insurance Code is called:
A) Misrepresentation of pertinent facts of a policy
B) Failing to promptly acknowledge, settle a claim, or provide a reasonable explanation for denial.
C) Filling a Fraudulent claim.
D) Attempting to settle a claim for less than the amount entitled in insured's policy.
Answer: C - ✔✔ALL are Unfair Claims Settlement Practices EXCEPT:
Answers | Updated &Verified | 2024-2025 | 100% Score
180 days - ✔✔The maximum term a temporary license may be issued for is
32 - ✔✔Continuing Education hours for a producer holding both a L&H and a P&C is
every odd numbered year - ✔✔Property & Casualty licenses must be renewed
$25,000 - ✔✔What is the maximum fine that may be imposed for a willful violation of a cease and desist
order issued by the commissioner?
April 30th of odd years - ✔✔P&C producers license expires on
Must reside or maintain a principal place of business in Louisiana - ✔✔A resident producer
18 years old - ✔✔Applicants for licensure MUST be:
180 - ✔✔The Commissioner of Insurance may issue a temporary license for period NOT TO EXCEED
_______ days without requiring examination.
10 days of the change - ✔✔Every insurance licensee MUST notify the Commissioner of any alteration in
his or her residence or business address within_____
Elected - ✔✔The Louisiana Insurance Commissioner is___
4 Years - ✔✔The Insurance Commissioner's term of office is___
Chief Deputy Commissioner - ✔✔If the Insurance Commissioner becomes incapacitated, the
commissioner's powers will be exercised by the ____
, Certificate of Authority - ✔✔Before a Domestic insurance company can transact insurance in Louisiana,
it must apply for a _____ which the commissioner will issue if the insurer is qualified
As deemed necessary - ✔✔In addition to the minimum examination requirements, the commissioner
may examine insurers as often as__
5 Years - ✔✔Every authorized insurer must be examined by the commissioner at least once every___
Defamation - ✔✔Publishing false or maliciously critical material which is derogatory to the financial
condition of an insurer is an illegal practice known as____
Rebating - ✔✔Promising to return a portion of a premium to a prospective insurance buyer is an illegal
practice known as___
Twisting - ✔✔Persuading a policyowner to drop a satisfactory policy and replace it with another is an
illegal practice called___
Title 22 - ✔✔The Louisiana Insurance Code is called:
A) Misrepresentation of pertinent facts of a policy
B) Failing to promptly acknowledge, settle a claim, or provide a reasonable explanation for denial.
C) Filling a Fraudulent claim.
D) Attempting to settle a claim for less than the amount entitled in insured's policy.
Answer: C - ✔✔ALL are Unfair Claims Settlement Practices EXCEPT:
