Free Commercial Property Policies Practice Questions
Louisiana Property exam — 102 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, Commercial package policy, Building and personal property, Special cause of loss, Business income, Extra expense, Builders risk, Cause of loss basic, Ordinance or law CP 04 05, Peak season, Spoilage, Value reporting, Legal liability, Inland marine purpose, Contractors equipment floater, Transportation coverage, Equipment breakdown, Need for equipment breakdown, Farm property form, Livestock coverage, Interline endorsements, Commercial coinsurance, Mobile agricultural equipment, Causes of Loss Broad Form, Building definition, Your business personal property, Personal property of others, Newly acquired or constructed property, Vacancy provision, Agreed value option, Inflation guard option, Replacement cost option, Business income with extra expense, Maximum period of indemnity, Monthly limit of indemnity, Extended business income, Civil authority commercial, Dependent properties, Ordinance or law increased cost, Pollutant cleanup and removal, Preservation of property, Tenants improvements and betterments, Leasehold interest coverage, Accounts receivable coverage, Valuable papers and records, Common policy conditions, Common conditions - cancellation, Examination of books, Inspections and surveys, Transfer of rights, Commercial property conditions, Commercial other insurance, Control of property, Property not covered - BPP, Property not covered - land, BPP 100 feet, Newly acquired - buildings limit, Outdoor property extension, Valuable papers extension, Property off premises extension, Fire department service charge CP, Preservation of property CP, Pollutant cleanup limit, Debris removal CP, CP vacancy, CP vacancy reduction, CP loss payment timing, CP valuation default, Stock valuation, Basic form perils, Sinkhole collapse, Special form theft limits, Special form collapse, Business income definition, Business income waiting period, Extended business income days, Business income coinsurance, Civil authority distance, Condominium association form, Condo commercial unit-owners, Legal liability form, Inland marine scope, Bailee customer, Inland marine conditions, Causes of loss, Builders risk calculation, Boiler and machinery, Ordinance or law
Read the Commercial Property Policies study guide
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.
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.
