Free Insurance Regulation Practice Questions
Louisiana Personal Lines exam — 186 practice questions.
Subtopics: Commissioner, License authority, Continuing education, Unfair claims practices, Civil law, Appointment, Consumer complaints, Cancellation and nonrenewal, Fraud, Adjuster licensing, Rate regulation, Commissioner term, Commissioner rulemaking, Solicit defined, Negotiate defined, Sell defined, License vs. authority, Minimum age, Exam requirement, Business entity designee, Agency branch offices, Entity registration, Entity fines, License renewal, Change of address, Lapsed license, Lapse over two years, Military waiver, Property line, Casualty line, Personal lines line, Nonresident license, Service of process, Moving out of state, Nonresident good standing, Assumed names, Trade name fines, Temporary license period, Temporary license eligibility, Temporary license military, Temporary license sponsor, Disciplinary fines, Scope of suspension, Reapplying after revocation, Exam cheating, Criminal grounds, Premium conversion, Paying unlicensed persons, Renewal commissions, Appointment filing, Appointment exceptions, Commission before appointment, Termination without cause, Termination for cause, Producer response to termination, Reporting administrative actions, Controlled business threshold, Controlled business defined, Licensing exemptions, CE hours, CE carryover, Flood/ethics carryover, CE exemption, New producer flood CE, Association CE credit, Instructor CE credit, Repeat CE courses, Ineligible CE subjects, CE noncompliance, Defamation, Boycott and coercion, False financial statements, Rebating, Twisting, Geographic discrimination, Age of dwelling, Prior insurer refusal, Bankruptcy and auto, Lender tying, Claim forms, Claim file access, Loss history - personal lines, Financial planner title, Unfair practice penalties, Knowing violations, Cease and desist violations, Response to notice, Demand for hearing, Hearing body, Hearing timing, Show-cause notice, Insurer examinations, Books and records access, Office of insurance fraud, Fraud reporting, Fraud penalties, Small fraud, Application fraud, Policy type size, Form numbers, Policy delivery, Binder duration, Unauthorized binders, Agency fees, Quoted premium, Agency fee disclosure, Suit limitation - property, Choice of law, Exclusive use of expirations, Commissions after termination, Certificate of authority, Domestic insurer records, Rate standards, Rate filings, Prohibited rating factors, Privacy regulation scope, Privacy notices, Producer commission definition, Annual statement, Failure to file statement, Domestic, foreign, alien, Alien insurers, Electronic transactions, LIGA claim limit, LIGA unearned premium, LIGA exclusions, LIGA coverage period, LIGA assessments, LIGA and penalties, Cancellation notice, Nonpayment cancellation, Reason in notice, Mortgagee notice, Unearned premium, Producer notice not required, Mailing date, Nonrenewal notice, Nonrenewal exceptions, Reinstatement notice, Reasons for cancellation, Rate inadequacy nonrenewal, Staged accidents, Fake proof of insurance, Multiple claims, Fair Credit Reporting Act, Gramm-Leach-Bliley, Fraud and false statements, Do Not Call, Terrorism Risk Insurance Act, McCarran-Ferguson Act, Anti-money laundering, CAN-SPAM Act, FCRA reporting periods, FCRA adverse action, FCRA permissible purpose, FCRA disputes, Claims history databases, GLBA opt-out, GLBA privacy notice, GLBA enforcement, Prohibited persons (1033), Prohibited persons (1034), Telemarketing calling hours, Do-Not-Call exceptions, Do-Not-Call registry, History of regulation, Risk retention groups, Purchasing groups, Mandatory flood purchase, NFIP origin, Federal Insurance Office, NAIC role, Personal lines authority, Nonresident licensing, Unfair discrimination, Misrepresentation and advertising, Fraud warning, Guaranty associations
Read the Insurance Regulation study guide
Sample questions & answers
1. The Louisiana Department of Insurance is headed by a Commissioner who obtains the office by:
Statewide election
R.S. 22:2(A)(1) provides that the commissioner is elected at the election for governor and other state officers for a four-year term.
2. To sell personal auto and homeowners policies in Louisiana, a producer must hold which line of authority?
Personal lines, or property and casualty
R.S. 22:1547(A)(6) creates a personal lines authority for P&C coverage to individuals and families; property and casualty authority also covers these risks.
3. Louisiana resident personal lines producers must complete how much continuing education for each renewal?
24 hours every two years
R.S. 22:1573(D) requires 24 hours before each (two-year) renewal for property, casualty, and personal lines producers, including 3 hours of ethics and 3 hours of flood insurance.
4. An insurer that unreasonably delays payment of a covered Louisiana property claim may be subject to:
Penalties for unfair claims settlement practices
R.S. 22:1892(B) imposes penalties and attorney fees when an insurer arbitrarily fails to pay within 30 days of satisfactory proof of loss, and R.S. 22:1964(14) defines unfair claims practices.
Practice: Insurance Regulation
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.
