Free Insurance Regulation Practice Questions
Louisiana Property exam — 179 practice questions.
Subtopics: 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, Personal lines line, Surplus lines broker, 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, Uniform 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, Lender tying, Claim forms, Claim file access, Loss history - personal lines, Loss history - commercial, 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, Certificates of insurance, Certificate forms, Certificate penalties, 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, Fines and rates, Commercial rate filings, 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, Fair Credit Reporting Act, Fraud and false statements, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Motor Carrier Act, Do Not Call, McCarran-Ferguson Act, Flood Disaster Protection Act, Biggert-Waters Reform Act, Federal Insurance Office, FAIR Plan origins, Coastal Barrier Resources Act, McCarran-Ferguson antitrust, Gramm-Leach-Bliley opt-out, Gramm-Leach-Bliley notice, FCRA investigative report, FCRA free report, TRIA certification, TRIA federal share, TRIA program trigger, TRIA insurer deductible, TRIA lines covered, TRIA disclosure, 18 USC 1033 penalty, Nonadmitted and Reinsurance Reform Act, Surplus lines diligent search, Exempt commercial purchaser, Guaranty association - surplus lines, Guaranty association purpose, Boycott, coercion, intimidation, Unfair claims practices, Commingling premiums, Mandatory flood purchase amount, Force-placed flood, Private flood acceptance, HFIAA surcharge, Risk retention groups, Privacy model - adverse underwriting, Do Not Call existing relationship
Read the Insurance Regulation study guide
Sample questions & answers
1. How long is the term of office of Louisiana's commissioner of insurance?
Four years
R.S. 22:2 sets a four-year term, and the commissioner is elected at the same election as the governor and other statewide officers.
2. Which statement best describes the Louisiana commissioner of insurance's rulemaking authority?
May adopt reasonable rules not inconsistent with law
R.S. 22:2(E) authorizes reasonable rules and regulations, not inconsistent with law, to carry out the Insurance Code.
3. Under Louisiana producer licensing law, asking or urging a person to apply for a particular kind of insurance from a particular insurer is the definition of:
Soliciting
R.S. 22:1542(17) defines solicit as attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance from a particular insurer.
4. A licensed producer confers directly with a prospective buyer about the benefits, terms, and conditions of a specific policy. Louisiana law calls this:
Negotiating
Under R.S. 22:1542(14), negotiate means to confer directly with or offer advice directly to a purchaser or prospective purchaser concerning the benefits, terms, or conditions of a particular contract.
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.
