Free Commercial Property Policies Practice Questions
Louisiana Property & Casualty exam — 66 practice questions.
Subtopics: Commercial cancellation scope, New commercial policies, Commercial cancellation reasons, Commercial cancellation notice, Commercial nonrenewal, Not a nonrenewal, Renewal change notice, Short extensions, Building and personal property, Causes of loss forms, Business income, Commercial package, Equipment breakdown, Coinsurance, Builders risk, Extra expense, Ordinance or law, Inland marine, Reporting form, Causes of loss special form, Agreed value, Peak season endorsement, Spoilage coverage, Causes of loss basic form, Newly acquired property, Functional valuation, Causes of loss broad form, Debris removal, Brands and labels, Pollutant cleanup, Legal liability coverage form, Tenant improvements, Earthquake coverage, Additional coverages, Coverage extensions, Vacancy, Valuation, Optional coverages, Functional building valuation
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Sample questions & answers
1. Louisiana's commercial cancellation and nonrenewal law, R.S. 22:1267, does NOT apply to:
Excess and umbrella policies
R.S. 22:1267(A) excludes reinsurance, surplus lines, residual market risks, multistate risks, retrospectively rated policies, and excess or umbrella policies.
2. A new commercial policy (not a renewal) has been in effect 40 days. The insurer may cancel for a reason other than nonpayment by giving the first named insured written notice of at least:
60 days
R.S. 22:1267(C)(1) requires sixty days' notice to cancel a non-renewal policy in effect less than sixty days, or ten days for nonpayment.
3. After a Louisiana commercial policy has been in effect more than 60 days, which is a permitted reason to cancel it midterm?
Failure to follow loss control recommendations
R.S. 22:1267(C)(1)(c) permits cancellation for acts or omissions increasing the hazard, including failure to comply with loss control recommendations.
4. Effective July 1, 2026, notice of cancellation of a commercial policy for fraud or an increased hazard must be mailed or delivered at least:
60 days before cancellation
R.S. 22:1267(C)(2)(a), as amended by Acts 2025, No. 182, requires sixty days' notice for reasons (b) through (g) and ten days for nonpayment.
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Practice: Commercial Property Policies
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.
