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Property and Casualty Exam Louisiana Insurance Agent Test Review questions with 100% correct answers latest update 2023
  • Exam (elaborations)

    Property and Casualty Exam Louisiana Insurance Agent Test Review questions with 100% correct answers latest update 2023

  • Property and Casualty Exam Louisiana Insurance Agent Test Review questions with 100% correct answers latest update 2023
  • STUDYGUIDESET
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Property and Casualty Exam Louisiana Insurance Agent Test Review Questions With Certified Answers
  • Exam (elaborations)

    Property and Casualty Exam Louisiana Insurance Agent Test Review Questions With Certified Answers

  • All of the following situations would be covered under a professional liability policy - ANSWERSAn accountant's error that inflated a bid and caused a client to lose a major account., Negligence of an architect who designed an unsafe building., Failure of a doctor to render the quality of care that is customary in the medical field, .EXCEPT The failure of an attorney to properly defend a client due to his personal dislike of the client Under a professional liability policy - ANSWERSIntention...
  • JOAN100
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Property and Casualty Exam Louisiana Insurance Agent Test Review Correct 100%(SCORED A+)
  • Exam (elaborations)

    Property and Casualty Exam Louisiana Insurance Agent Test Review Correct 100%(SCORED A+)

  • work, the insured comes back to find his $400 couch torn apart, his $100 coffee table chewed up, his $50 window curtain shredded, and a $200 window pane shattered where his dog jumped through. The insured has personal property coverage under a special form dwelling policy. How much of this loss will the policy cover? - ANSWERS$0 Damage that results from domestic animals - ANSWERSis excluded under the special form dwelling policy What is the basic limit for costs incurred at the place a veh...
  • Nursingiseverthing
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Property and Casualty Exam Louisiana Insurance Agent Test Review Correct 100%(SCORED A)
  • Exam (elaborations)

    Property and Casualty Exam Louisiana Insurance Agent Test Review Correct 100%(SCORED A)

  • All of the following situations would be covered under a professional liability policy - ANSWERSAn accountant's error that inflated a bid and caused a client to lose a major account., Negligence of an architect who designed an unsafe building., Failure of a doctor to render the quality of care that is customary in the medical field, .EXCEPT The failure of an attorney to properly defend a client due to his personal dislike of the client Under a professional liability policy - ANSWERSIntention...
  • papersmaster01
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LA Claims Adjuster Property and Causality Practice Exam 2 Correct 100%
  • Exam (elaborations)

    LA Claims Adjuster Property and Causality Practice Exam 2 Correct 100%

  • A single Declarations page common to all coverages A single conditions section common to all coverages - ANSWERSA commercial package policy always includes Send the insured a reservation of rights letter - ANSWERSIf the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person - ANSWERSThe basic limit for coverage F-medical payments of the standard homeowners form is normally $250 - ANSWERSThe CGL provides up to ___per day for loss of earning...
  • shantelleG
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Louisiana P&C Adjuster Exam Prep Correct 100%
  • Exam (elaborations)

    Louisiana P&C Adjuster Exam Prep Correct 100%

  • The one who receives the authority to act on behalf of someone else? - ANSWERSAgent what does a sale's agent receive authority for? - ANSWERSto sell An insurance agent receives authority to what? - ANSWERSSettle claims brought against the insurer How do agents receive their authority? - ANSWERSwritten contract What is the power to bind? - ANSWERSan agent's authority can bind: -what an agent says or does can bind insurer -agents should take the utmost care in what they say or d...
  • shantelleG
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Louisiana State Insurance Laws (P&C Exam)Correct 100%
  • Exam (elaborations)

    Louisiana State Insurance Laws (P&C Exam)Correct 100%

  • A ******* is a person required under this state's laws to be licensed to sell, solicit, or negotiate insurance. This includes all persons or business entities referred to as "insurance agent", "agent", "insurance broker", "broker", "insurance solicitor", "solicitor", or "surplus lines broker". - ANSWERSIndividual producer A person applying for a producer license must: - ANSWERS-atleast 18 years old -Reside, or maintain their place of business in LA -Not committed any act tha...
  • shantelleG
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Property and Casualty Insurance EXAM Correct Questions & Answers(Latest Update 2023)
  • Exam (elaborations)

    Property and Casualty Insurance EXAM Correct Questions & Answers(Latest Update 2023)

  • Specific insurance - ANSWERSThis type of insurance designates a particular item to be insured Blanket insurance - ANSWERSThis type of insurance covers more than one item of property at a single location or one more items of property at multiple locations. Speculative - ANSWERSpossibility of both gain and loss. Not insurable. Pure - ANSWERSonly the possibility of loss. Insurable. What are the 5 methods of managing or handling risk? - ANSWERSavoid, control, retain, and transfer risk. ...
  • shantelleG
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LA Claims Adjuster Property and Causality Exam (Louisiana Adjuster Law)Correct 100%
  • Exam (elaborations)

    LA Claims Adjuster Property and Causality Exam (Louisiana Adjuster Law)Correct 100%

  • Resident License - ANSWERSBefore issuing a claims adjuster license to an applicant under this section the commissioner of insurance must find that the applicant is eligiable -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulating cri...
  • shantelleG
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