8/8/25, 4:25 PM Louisiana Property & Casualty Insurance Course Exam (2025) COMPREHENSIVE QUESTIONS AND VERIFIED DETAILED SOLU…
Louisiana Property & Casualty Insurance Course
Exam (2025) COMPREHENSIVE QUESTIONS
AND VERIFIED DETAILED SOLUTIONS (
MULTIPLE CHOICES) |100% CORRECT!!
In Which Of The Following When A Claim Is Reported And Filed
Instances Would Coverage
Be Triggered Under A
Claims Made Form?
A. When A Claim Is Reported
And Filed
B. When A Covered Employee
Is Injured On The Job
C. When Bodily Injury To
Others Occurs Following
A Retroactive Date, If
Any
D. When Injury Or Damage
Occurs During The Policy
Period
Which One Of The Following Risk Of Loss Is A Speculative Risk
Is NOT An Element Of
Insurability
-… 1/43
,8/8/25, 4:25 PM Louisiana Property & Casualty Insurance Course Exam (2025) COMPREHENSIVE QUESTIONS AND VERIFIED DETAILED SOLU…
Which One Of The Following Doctrine Of Reasonable Expectation
Is NOT A Possible Defense
Against Negligence?
A. Statue Of Limitations
B. Doctrine Of Reasonable
Expectation
C. Intervening Cause
D. Comparative Negligence
What Is A Hazard? An Increase In The Possibility That A Loss Might Occur.
The Purpose Of Insurance Is Transfer Risk From A Person, Business Or Organization To An
To____________ Insurance Company.
The Type Of Insurance Mutual Company
Company In Which The
Policyholder Is Considered
An Owner, With The Right To
Vote And Share Profits, Is
A________
The Renewal Fee For A $50
Louisiana Producer License
Is________
The Federal Law That Says McCarran-Ferguson Act
The Federal Government Can
Only Regulate Insurance
Companies To The Extent
They Are Not
Regulated By The State Law
Is________
An Insurance Policy Is Adhesion Contract
Prepared By The
Insurance Company, With
Little Or No Input From The
Insured. This Means That An
Insurance Policy Is
A/An________
An Individual Who Owns HO-6
And Lives In A
Condominium Can Obtain
Broad Coverage For
-… 2/43
,8/8/25, 4:25 PM Louisiana Property & Casualty Insurance Course Exam (2025) COMPREHENSIVE QUESTIONS AND VERIFIED DETAILED SOLU…
Personal Property In The
Condo Under Which
Homeowners Form?
What Rating Method Experience Rating
Involves Modifying The
Premium Based On The
Insured's Loss Experience
Over A Specific Period Of
Time?
Which One Of The Following Pain & Suffering
Types Of Benefits Is
Generally Not Provided By A
State's Workers
Compensation Law?
Which Of The Following Foreign
Describes An
Insurance Company Doing
Business In A State Other
Than The One Where It Is
Incorporated?
What Type Of Insurance Open Peril Policy
Policy Insures Against
All Risk Of Loss That
Are Not Specifically
Excluded By The
Policy?
Which Of The Following Replacement Cost-Depreciation
Describes Actual Cash
Value?
-… 3/43
, 8/8/25, 4:25 PM Louisiana Property & Casualty Insurance Course Exam (2025) COMPREHENSIVE QUESTIONS AND VERIFIED DETAILED SOLU…
An Insured Purchased New $5,000
Furniture For
$6,000. At The Time Of A Fire
Loss, It Had Depreciated
$2,000. The Same Furniture
Will Cost $7,000 To Replace.
What Is The Actual Cash
Value Of The Destroyed
Furniture?
A. $4,000
B. $8,000
C. $6,000
D. $5,000
The Primary Purpose Of Loss Of Income Resulting From Property Damage At The
The Business Income Insured's Property
Coverage Forms Is To
Reimburse The Insured
For _________ _.
The Homeowners Form HO-3
That Provides Open Peril
Coverage On The Dwelling
And Broad Coverage On
Personal Property Is
The_______
A. HO-3
B.
HO-4
C
HO-
2
D. HO-6
Which Of The Following Damage From An Explosion Caused By The Centrifugal Force Of
Losses To Covered Moving Parts
Equipment Would Be
Covered Under The
Equipment Breakdown
-… 4/43
Louisiana Property & Casualty Insurance Course
Exam (2025) COMPREHENSIVE QUESTIONS
AND VERIFIED DETAILED SOLUTIONS (
MULTIPLE CHOICES) |100% CORRECT!!
In Which Of The Following When A Claim Is Reported And Filed
Instances Would Coverage
Be Triggered Under A
Claims Made Form?
A. When A Claim Is Reported
And Filed
B. When A Covered Employee
Is Injured On The Job
C. When Bodily Injury To
Others Occurs Following
A Retroactive Date, If
Any
D. When Injury Or Damage
Occurs During The Policy
Period
Which One Of The Following Risk Of Loss Is A Speculative Risk
Is NOT An Element Of
Insurability
-… 1/43
,8/8/25, 4:25 PM Louisiana Property & Casualty Insurance Course Exam (2025) COMPREHENSIVE QUESTIONS AND VERIFIED DETAILED SOLU…
Which One Of The Following Doctrine Of Reasonable Expectation
Is NOT A Possible Defense
Against Negligence?
A. Statue Of Limitations
B. Doctrine Of Reasonable
Expectation
C. Intervening Cause
D. Comparative Negligence
What Is A Hazard? An Increase In The Possibility That A Loss Might Occur.
The Purpose Of Insurance Is Transfer Risk From A Person, Business Or Organization To An
To____________ Insurance Company.
The Type Of Insurance Mutual Company
Company In Which The
Policyholder Is Considered
An Owner, With The Right To
Vote And Share Profits, Is
A________
The Renewal Fee For A $50
Louisiana Producer License
Is________
The Federal Law That Says McCarran-Ferguson Act
The Federal Government Can
Only Regulate Insurance
Companies To The Extent
They Are Not
Regulated By The State Law
Is________
An Insurance Policy Is Adhesion Contract
Prepared By The
Insurance Company, With
Little Or No Input From The
Insured. This Means That An
Insurance Policy Is
A/An________
An Individual Who Owns HO-6
And Lives In A
Condominium Can Obtain
Broad Coverage For
-… 2/43
,8/8/25, 4:25 PM Louisiana Property & Casualty Insurance Course Exam (2025) COMPREHENSIVE QUESTIONS AND VERIFIED DETAILED SOLU…
Personal Property In The
Condo Under Which
Homeowners Form?
What Rating Method Experience Rating
Involves Modifying The
Premium Based On The
Insured's Loss Experience
Over A Specific Period Of
Time?
Which One Of The Following Pain & Suffering
Types Of Benefits Is
Generally Not Provided By A
State's Workers
Compensation Law?
Which Of The Following Foreign
Describes An
Insurance Company Doing
Business In A State Other
Than The One Where It Is
Incorporated?
What Type Of Insurance Open Peril Policy
Policy Insures Against
All Risk Of Loss That
Are Not Specifically
Excluded By The
Policy?
Which Of The Following Replacement Cost-Depreciation
Describes Actual Cash
Value?
-… 3/43
, 8/8/25, 4:25 PM Louisiana Property & Casualty Insurance Course Exam (2025) COMPREHENSIVE QUESTIONS AND VERIFIED DETAILED SOLU…
An Insured Purchased New $5,000
Furniture For
$6,000. At The Time Of A Fire
Loss, It Had Depreciated
$2,000. The Same Furniture
Will Cost $7,000 To Replace.
What Is The Actual Cash
Value Of The Destroyed
Furniture?
A. $4,000
B. $8,000
C. $6,000
D. $5,000
The Primary Purpose Of Loss Of Income Resulting From Property Damage At The
The Business Income Insured's Property
Coverage Forms Is To
Reimburse The Insured
For _________ _.
The Homeowners Form HO-3
That Provides Open Peril
Coverage On The Dwelling
And Broad Coverage On
Personal Property Is
The_______
A. HO-3
B.
HO-4
C
HO-
2
D. HO-6
Which Of The Following Damage From An Explosion Caused By The Centrifugal Force Of
Losses To Covered Moving Parts
Equipment Would Be
Covered Under The
Equipment Breakdown
-… 4/43
