Free Casualty Insurance Basics Practice Questions
Louisiana Casualty exam — 143 practice questions.
Subtopics: Claim payment deadline, Good faith duty, Insured good faith, Claim check processing, Direct action, Direct action caption, Insured insolvency, Prescription, Direct action against UM, Family claims, Reservation of rights, Comparative fault, Modified comparative fault, Intentional tortfeasors, Allocating fault, Third-party payments, Compensatory damages, Special damages, General damages, Punitive damages, Strict liability, Vicarious liability, Absolute liability, Negligence elements, Proximate cause, Comparative negligence, Assumption of risk, Accident vs occurrence, Split limits, Combined single limit, Aggregate limit, Duty to defend, Supplementary payments, First named insured, Duties after loss, Other insurance, Underwriting purpose, Rate development, Subrogation condition, Liberalization, Policy territory, Hazard types, Claim settlement options, Cancellation pro rata, Loss payable, No benefit to bailee, Duties assignment, Negligence per se, Res ipsa loquitur, Intervening cause, Terrorism program, Bodily injury defined, Property damage defined, Insured contract, Self-insured retention, Tort defined, Battery, Libel, Nuisance, Trespass, Contributory negligence, Last clear chance, Joint and several liability, Respondeat superior, Attractive nuisance, Reasonable person standard, Burden of proof, Statute of limitations, Duty to mitigate, Nominal damages, Bailment, Hold harmless agreement, Named insured, Additional insured, Sublimit, Erosion of aggregate, Deductible, Loss reserve, IBNR reserve, Loss adjustment expense, Proof of loss, Appraisal clause, Arbitration, Short-rate cancellation, Notice of cancellation, Nonrenewal, Coverage trigger, Defense within limits, Severability of insureds, Premium audit, Retrospective rating, Schedule rating, Earned premium, Certificate of insurance, Split limits application, Intentional torts, Slander, Conversion, Invasion of privacy, Modified comparative negligence, Pure comparative negligence, Comparative negligence calculation, Legal liability sources, Criminal vs civil, Duty of care to entrants, Dram shop laws, Products liability, Occurrence vs claims-made, Claims-made tail, Common policy conditions, Legal action against insurer, Bankruptcy condition, Supplementary payments limits, Cancellation calculation, Limits calculation, Deductible types, Primary and excess, Contribution by equal shares, Contribution by limits, Duty to defend scope, Medical payments vs liability, Personal injury vs bodily injury, Claim vs suit, Negligence defenses, Extended reporting period, Retroactive date
Read the Casualty Insurance Basics study guide
Sample questions & answers
1. Louisiana insurers must generally pay the amount of a claim due an insured within how many days after receiving satisfactory proof of loss?
30
R.S. 22:1892(A)(1) requires payment within thirty days after receipt of satisfactory proofs of loss (life and health claims are governed by other sections).
2. R.S. 22:1892(I) provides that an insurer owes its insured:
A duty of good faith and fair dealing
R.S. 22:1892(I)(1)(a) states every insurer, including surplus lines insurers, owes its insured a duty of good faith and fair dealing and must adjust claims fairly and promptly.
3. Under R.S. 22:1892(J), if an insured or claimant breaches the duty of good faith in presenting a claim, the court:
Weighs it in deciding penalties and fees
R.S. 22:1892(J) imposes a good-faith duty on insureds and claimants; a breach does not create a separate cause of action but is considered in awarding penalties or fees.
4. A Louisiana insurer may not unreasonably delay processing a properly endorsed claim check presented for collection for more than:
Three calendar days, excluding weekends and holidays
R.S. 22:1892(C)(2) bars delay of more than three calendar days, exclusive of weekends and legal holidays; R.S. 22:1892(C)(3) imposes a penalty of $200 or 15 percent, whichever is greater.
Practice: Casualty Insurance Basics
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
