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FX PRACTICE TEST QUESTIONS AND
ANSWERS 2025
The Louisiana insurance Guaranty Association Board of
Directors are placed in office by - correct answer- election and
appointment
States with monopolistic state workers compensation funds -
correct answer- Do not allow private insurers to be licensed to
write workers compensation coverage
This state provided for a temporary licenses for all of the
following EXCEPT - correct answer- A producer's retirement
Which of the following producers will be required to complete
continuing education hours to renew his license? - correct
answer- A producer licensed 4 years ago who holds only one
line of authority.
A producer has been notified by the commissioner to stop using
an unapproved trade name. How many days does the producer
have to change the trade name before facing a fine? - correct
answer- 10 days
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Which of the following is NOT considered a misrepresentation
as it pertains to unfair trade practices? - correct answer-
The Pro rata liability clause is designed to protect the principle
of - correct answer- Indemnity
When a resident producer changes his residence address, the
Insurance Department must be notified within - correct answer-
30 days
A building is insured, but no one has lived or worked in it for 10
years. The building is completely empty of any furniture or
personal belongings. From an Insurance standpoint, the
building is considered. - correct answer- Vacant
An insurer publishes intimidating brochures that portray the
insurer's competitions as financially and professionally
unstable. Which of of the following best describes this act. -
correct answer- Legal, under any circumstances
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Which bonds are required by courts whenever someone seeks
a court order stating another person must or must not dot
something? - correct answer- Injunction bond
In comparison to consumer reports, which of the following
describes a unique characteristic of investigative consumer
reports? - correct answer- The customer's associates, friends,
and neighbors provide the report's data.
An insured relocated to another state for work. However, she
still owns and insurers a house in this state, but has had one
living in it for 3 months. She is also storing some of furniture
and clothes in the house. From an insurance standpoint, the
insured's house is considered? - correct answer- Unoccupied
If a farm building or structure is vacant or unoccupied, which is
true? - correct answer- If for 120 consecutive days, the limits
applicable to the building and its contents are reduced by 50%
Which loss listed below would be fully covered by a
homeowners policy? - correct answer- $2,000 silver tea set
stolen
FX PRACTICE TEST QUESTIONS AND
ANSWERS 2025
The Louisiana insurance Guaranty Association Board of
Directors are placed in office by - correct answer- election and
appointment
States with monopolistic state workers compensation funds -
correct answer- Do not allow private insurers to be licensed to
write workers compensation coverage
This state provided for a temporary licenses for all of the
following EXCEPT - correct answer- A producer's retirement
Which of the following producers will be required to complete
continuing education hours to renew his license? - correct
answer- A producer licensed 4 years ago who holds only one
line of authority.
A producer has been notified by the commissioner to stop using
an unapproved trade name. How many days does the producer
have to change the trade name before facing a fine? - correct
answer- 10 days
,2 | Page
Which of the following is NOT considered a misrepresentation
as it pertains to unfair trade practices? - correct answer-
The Pro rata liability clause is designed to protect the principle
of - correct answer- Indemnity
When a resident producer changes his residence address, the
Insurance Department must be notified within - correct answer-
30 days
A building is insured, but no one has lived or worked in it for 10
years. The building is completely empty of any furniture or
personal belongings. From an Insurance standpoint, the
building is considered. - correct answer- Vacant
An insurer publishes intimidating brochures that portray the
insurer's competitions as financially and professionally
unstable. Which of of the following best describes this act. -
correct answer- Legal, under any circumstances
, 3 | Page
Which bonds are required by courts whenever someone seeks
a court order stating another person must or must not dot
something? - correct answer- Injunction bond
In comparison to consumer reports, which of the following
describes a unique characteristic of investigative consumer
reports? - correct answer- The customer's associates, friends,
and neighbors provide the report's data.
An insured relocated to another state for work. However, she
still owns and insurers a house in this state, but has had one
living in it for 3 months. She is also storing some of furniture
and clothes in the house. From an insurance standpoint, the
insured's house is considered? - correct answer- Unoccupied
If a farm building or structure is vacant or unoccupied, which is
true? - correct answer- If for 120 consecutive days, the limits
applicable to the building and its contents are reduced by 50%
Which loss listed below would be fully covered by a
homeowners policy? - correct answer- $2,000 silver tea set
stolen
