Louisiana Laws (Life/Health Insurance Exam)
Study online at https://quizlet.com/_8txo8j
1. Commissioner of Who is responsible for making sure the provisions of the Louisiana Insurance
Insurance Codes are enforced?
2. 5 The Commissioner may conduct a financial examination of any insurance company
as often as deemed appropriate but usually once every how many years?
3. 30 days The Commissioner may call and hold hearings if a producer is suspected of
violating the Insurance Code. The hearing will be held within how many days of
demand?
4. Reciprocal Agree- A producer who holds a resident license in a different state may apply for a
ment nonresident license in Louisiana, as long as both states have a what?
5. 2 Producers must complete 24 hours of continuing education every _____ years to
keep their license active.
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, Louisiana Laws (Life/Health Insurance Exam)
Study online at https://quizlet.com/_8txo8j
6. 15 Insurers are responsible for submitting an appointment notice to the Commis-
sioner within how many days of a producer's appointment or submission of first
insurance application?
7. True True or False: An agent may legally share commissions only with another agent
who is licensed in the same line of insurance,
8. True True or False: A licensee may NOT transact insurance business in Louisiana until
the licensee is appointed by an insurer.
9. Domestic What can be described as a company that resides and is incorporated under the
laws of the state in which its home office is located?
10. Foreign What can be described as a company whose home office is located in another
state?
11. Alien What can be described as a company that is chartered and organized in any
country other than the United States?
2/6
Study online at https://quizlet.com/_8txo8j
1. Commissioner of Who is responsible for making sure the provisions of the Louisiana Insurance
Insurance Codes are enforced?
2. 5 The Commissioner may conduct a financial examination of any insurance company
as often as deemed appropriate but usually once every how many years?
3. 30 days The Commissioner may call and hold hearings if a producer is suspected of
violating the Insurance Code. The hearing will be held within how many days of
demand?
4. Reciprocal Agree- A producer who holds a resident license in a different state may apply for a
ment nonresident license in Louisiana, as long as both states have a what?
5. 2 Producers must complete 24 hours of continuing education every _____ years to
keep their license active.
1/6
, Louisiana Laws (Life/Health Insurance Exam)
Study online at https://quizlet.com/_8txo8j
6. 15 Insurers are responsible for submitting an appointment notice to the Commis-
sioner within how many days of a producer's appointment or submission of first
insurance application?
7. True True or False: An agent may legally share commissions only with another agent
who is licensed in the same line of insurance,
8. True True or False: A licensee may NOT transact insurance business in Louisiana until
the licensee is appointed by an insurer.
9. Domestic What can be described as a company that resides and is incorporated under the
laws of the state in which its home office is located?
10. Foreign What can be described as a company whose home office is located in another
state?
11. Alien What can be described as a company that is chartered and organized in any
country other than the United States?
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