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Lesson 1: Louisiana Insurance Regulation
Questions and Correct Answers/ Latest Update /
Already Graded
Objectives:
◦ List requirements of obtaining and maintaining a Louisiana Insurance License
◦ Recognize Louisiana laws governing the business of insurance
◦ Name important Federal laws that apply to insurance producers and insurers
◦ Recognize statutory time limits and dollar amounts from Louisiana Insurance
Code
This topic is 24% of the 150 questions on the P&C Exam
Ans: Key Terms:
Producer
Certificate of Authority
Controlled Business
Cease & Desist
Rebates
Investigative Consumer Report
Reciprocal
Non-Resident
This topic is 24% of the 150 questions on the P&C Exam
© 2025/ 2026 | ® All rights reserved
, 2 | Page
In the Louisiana Insurance Code, all persons or business entities referred to as an
agent, broker, solicitor, or surplus lines broker that sell, solicit, or negotiate
insurance are required to be licensed as an ____________________
Ans: insurance producer
Individual Producer
Ans: a person licensed to quote insurance policies, market, and sell insurance
products, and consult other with regard to insurance.
-- Most people in Louisiana are accustomed to calling these persons insurance
agents, but the official term insurance producers
Individual Insurance Producer Requirements: (5)
Ans: 1. Be at least 18 year of age
2. Reside in or work mainly from an office located in State
3. Complete Pre-licensing education required to prepare for state exam*
4. Paid their fees and submitted an application (Form 1546A)
5. Successfully pass their required exam with 70% or higher*
*An exam is required for licenses to sell most lines of insurance, and the exams
are specific to the lines of authority requested (e.g. life, health, property, casualty,
etc.)
Examples of Legal Business Entities
Ans: Corporation, partnership, limited liability company (LLC), etc.
Business Entity Producer
© 2025/ 2026 | ® All rights reserved
, 3 | Page
Ans: A legal business entity may also be a producer and conduce insurance
business in the state
a. must have producer's license in business name
b. business must first have a licensed individual producer
c. have several other pieces of documentation required to apply (Form 1546B)
License Expiration P&C
Ans: Every 2 years odd numbered years (2013, 2015) by the last day of your
birth month
License Expiration LH&A
Ans: Every 2 years even numbered years (2014, 2016) by the last day of your
birth month
License Term and Renewal
Ans: every licensee must...
- complete certain number of hours in continuing education
- maintain satisfactory conduct
- send in renewal app and fees every renewal term
*Your license is only issued once and you must renew it every term to keep it
active
The final approval to renew your license rests with the ______________, as he
decides to renew or not to renew.
Ans: Commissioner
License Renewal
© 2025/ 2026 | ® All rights reserved
Lesson 1: Louisiana Insurance Regulation
Questions and Correct Answers/ Latest Update /
Already Graded
Objectives:
◦ List requirements of obtaining and maintaining a Louisiana Insurance License
◦ Recognize Louisiana laws governing the business of insurance
◦ Name important Federal laws that apply to insurance producers and insurers
◦ Recognize statutory time limits and dollar amounts from Louisiana Insurance
Code
This topic is 24% of the 150 questions on the P&C Exam
Ans: Key Terms:
Producer
Certificate of Authority
Controlled Business
Cease & Desist
Rebates
Investigative Consumer Report
Reciprocal
Non-Resident
This topic is 24% of the 150 questions on the P&C Exam
© 2025/ 2026 | ® All rights reserved
, 2 | Page
In the Louisiana Insurance Code, all persons or business entities referred to as an
agent, broker, solicitor, or surplus lines broker that sell, solicit, or negotiate
insurance are required to be licensed as an ____________________
Ans: insurance producer
Individual Producer
Ans: a person licensed to quote insurance policies, market, and sell insurance
products, and consult other with regard to insurance.
-- Most people in Louisiana are accustomed to calling these persons insurance
agents, but the official term insurance producers
Individual Insurance Producer Requirements: (5)
Ans: 1. Be at least 18 year of age
2. Reside in or work mainly from an office located in State
3. Complete Pre-licensing education required to prepare for state exam*
4. Paid their fees and submitted an application (Form 1546A)
5. Successfully pass their required exam with 70% or higher*
*An exam is required for licenses to sell most lines of insurance, and the exams
are specific to the lines of authority requested (e.g. life, health, property, casualty,
etc.)
Examples of Legal Business Entities
Ans: Corporation, partnership, limited liability company (LLC), etc.
Business Entity Producer
© 2025/ 2026 | ® All rights reserved
, 3 | Page
Ans: A legal business entity may also be a producer and conduce insurance
business in the state
a. must have producer's license in business name
b. business must first have a licensed individual producer
c. have several other pieces of documentation required to apply (Form 1546B)
License Expiration P&C
Ans: Every 2 years odd numbered years (2013, 2015) by the last day of your
birth month
License Expiration LH&A
Ans: Every 2 years even numbered years (2014, 2016) by the last day of your
birth month
License Term and Renewal
Ans: every licensee must...
- complete certain number of hours in continuing education
- maintain satisfactory conduct
- send in renewal app and fees every renewal term
*Your license is only issued once and you must renew it every term to keep it
active
The final approval to renew your license rests with the ______________, as he
decides to renew or not to renew.
Ans: Commissioner
License Renewal
© 2025/ 2026 | ® All rights reserved
