Page 1 of 156
201 SERIES EXAM QUESTIONS AND ANSWERS (GRADED
A)
Which one of the following is not one of the duties of the
Commissioner of Insurance?
A. Enforcing provisions of the Insurance Code
B. Examining and licensing individuals and companies
C. Examining Insureds' financial conditions
D. Holding hearings regarding suspension or revocation of a
license .......ANSWER......Examining Insureds' financial conditions
Which of the following is not considered an unfair claims
practice?
A. Knowingly misrepresenting facts or provisions
B. Denying a claim
C. Attempting to settle for less than a reasonable amount
,Page 2 of 156
D. Unreasonably delaying payment .......ANSWER......Denying a
claim
All of the following are types of adjusters licenses regulated by
the Louisiana Department of Insurance EXCEPT:
A. Crop Adjuster
B. Automobile Adjuster
C. Personal Lines Adjuster
D. Commercial Lines Adjuster .......ANSWER......Crop Adjuster
The Louisiana Commissioner of Insurance is elected to a term of:
A. One Year
B. Two Years
C. Three Years
D. Four Years .......ANSWER......Four Years
,Page 3 of 156
A Louisiana adjusters' license expires:
A. January 1st of even numbered years
B. The last day of each adjusters birthday month in odd
numbered years
C. June 1st of even numbered years
D. The last day of each adjusters birthday month in even
numbered years .......ANSWER......The last day of each adjusters
birthday month in odd numbered years
To obtain an insurance adjusters license, an individual must do all
of the following EXCEPT:
A. Be 18 years of age
B. Be fingerprinted
C. Complete pre-license training
, Page 4 of 156
D. Pass an examination .......ANSWER......Complete pre-license
training
Unfair claims practices will be assumed to be intentional if:
. They occur with such frequency as to indicate a general business
practice
B. They are reported to the Insurer by the policyholder
C. The licensee has been reported for a similar practice during
the preceding three years
D. The licensee fails to promptly submit a required report
.......ANSWER......They occur with such frequency as to indicate a
general business practice
When the Commissioner finds that an adjuster has knowingly
violated the provisions of the Claims Settlement Practices, what is
the maximum fine that may be levied?
201 SERIES EXAM QUESTIONS AND ANSWERS (GRADED
A)
Which one of the following is not one of the duties of the
Commissioner of Insurance?
A. Enforcing provisions of the Insurance Code
B. Examining and licensing individuals and companies
C. Examining Insureds' financial conditions
D. Holding hearings regarding suspension or revocation of a
license .......ANSWER......Examining Insureds' financial conditions
Which of the following is not considered an unfair claims
practice?
A. Knowingly misrepresenting facts or provisions
B. Denying a claim
C. Attempting to settle for less than a reasonable amount
,Page 2 of 156
D. Unreasonably delaying payment .......ANSWER......Denying a
claim
All of the following are types of adjusters licenses regulated by
the Louisiana Department of Insurance EXCEPT:
A. Crop Adjuster
B. Automobile Adjuster
C. Personal Lines Adjuster
D. Commercial Lines Adjuster .......ANSWER......Crop Adjuster
The Louisiana Commissioner of Insurance is elected to a term of:
A. One Year
B. Two Years
C. Three Years
D. Four Years .......ANSWER......Four Years
,Page 3 of 156
A Louisiana adjusters' license expires:
A. January 1st of even numbered years
B. The last day of each adjusters birthday month in odd
numbered years
C. June 1st of even numbered years
D. The last day of each adjusters birthday month in even
numbered years .......ANSWER......The last day of each adjusters
birthday month in odd numbered years
To obtain an insurance adjusters license, an individual must do all
of the following EXCEPT:
A. Be 18 years of age
B. Be fingerprinted
C. Complete pre-license training
, Page 4 of 156
D. Pass an examination .......ANSWER......Complete pre-license
training
Unfair claims practices will be assumed to be intentional if:
. They occur with such frequency as to indicate a general business
practice
B. They are reported to the Insurer by the policyholder
C. The licensee has been reported for a similar practice during
the preceding three years
D. The licensee fails to promptly submit a required report
.......ANSWER......They occur with such frequency as to indicate a
general business practice
When the Commissioner finds that an adjuster has knowingly
violated the provisions of the Claims Settlement Practices, what is
the maximum fine that may be levied?
