Study guides, Class notes & Summaries

Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? a) $125,000 b) $75,000 c) $50,000 d) $25,000 - ANSWERSc) $50,000 Underinsured motorist coverage acts as excess over the at-fault motorist's coverage. It will pay the differen...

LOUISIANA PROPERTY AND CASUALTY INSURANCE EXAM 2024 | ACCURATE 2 CURRENTLY TESTING REAL EXAM WITH STUDY GUIDE | ACTUAL WITH EXPERT VERIFIED QUESTIONS AND ANSWERS WITH RATIONALES | GUARANTEED PASS

LOUISIANA PROPERTY AND CASUALTY INSURANCE EXAM 2024 (QUESTIONS WITH CORRECT ANSWERS) GUARANTEED PASS

LOUISIANA PROPERTY AND CASUALTY INSURANCE EXAM 2024 (QUESTIONS WITH CORRECT ANSWERS) GUARANTEED PASS

LOUISIANA PROPERTY AND CASUALTY INSURANCE EXAM 2024 (QUESTIONS WITH CORRECT ANSWERS) GUARANTEED PASS

Adverse Selectionlower or poorer risks more prone to losses than normal risks. Aleatory Contractthe consideration that is being exchanged is unequal or unrelated to the consideration given by the other party. Basicnamed peril coverage, the least coverage available. In dwelling policies it includes: fire, lightning, removal, and internal explosion. Broadnamed peril coverage, covering more named perils than the basic form. In dwelling coverage it covers all perils under basic including EC...

Authorized insurers may choose not to participate in the planAll of the following are true regarding the Louisiana Automobile Insurance Plan EXCEPT: short-rateThe named insured may cancel a property insurance policy in this state at any time, in which case the insurer must refund any unearned premium due on a __________ basis: Standard fire policyThe basis for all property insurance sold in this state is the Louisiana: Sole proprietors must be covered under the mandatory coverageWhich...

LOUISIANA PROPERTY AND CASUALTY INSURANCE EXAM 2024 | ACCURATE 2 CURRENTLY TESTING REAL EXAM WITH STUDY GUIDE | ACTUAL WITH EXPERT VERIFIED QUESTIONS AND ANSWERS WITH RATIONALES | GUARANTEED PASS

2024 NEWEST LOUISIANA PROPERTY AND CASUALTY INSURANCE EXAM MASTERY: COMPREHENSIVE GUIDE WITH OVER 500 EXPERT QUESTIONS AND DETAILED VERIFIED ANSWERS WITH RATIONALES FOR GUARANTEED SUCCESS Which of the following is NOT an element of negligence? Libel There are four essential elements of negligence: duty, breach, injury, and unbroken chain. Libel is a type of intentional tort. All of the following statements describe the concept of strict liability EXCEPT It is imposed on defendan...