Willful
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intentional and voluntary as distinguished from accidental or by force
Continuing Education
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12 hrs
every 2 years
odd # years
on birthday
,The following acts shall be punishable:
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-committing any fraudulent insurance act
-presenting/causing to be presented any written/ oral statement
-assisting, abetting, soliciting or conspiring with another
Surplus Line Broker
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an insurance producer solicits, negotiates, or procures a property &
casualty policy with an insurance company not licensed to transact
business in the state which cannot be procured from insurers licensed to
do business in the state
Writ
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a written judicial order
Commercial Surety
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, a surety company authorized to do business in the state of Louisiana may
become surety for the release of a person on bail
Extradite
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to surrender or deliver (a fugitive) to another jurisdiction
2 types of personal surety
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Unsecured and Secured
Rule
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In the statutes and in this course refers to the Administrative Rules of the
Insurance Commissioner
Material
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, essential to a given matter. In a bail contract, a material false statement is a
lie told by the defendant to write the bond, which if the truth were known
In bail, no taxes are paid on premiums because it is actually ___% of the bond and ____%
to the state
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10%; 2%
Unilateral contract
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a contract in which only one party is obligated to perform . Compare to
bilateral contract
Hold Harmless
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to protect from loss or liability; indemnify. Also called "save harmless"
Affidavit
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intentional and voluntary as distinguished from accidental or by force
Continuing Education
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12 hrs
every 2 years
odd # years
on birthday
,The following acts shall be punishable:
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-committing any fraudulent insurance act
-presenting/causing to be presented any written/ oral statement
-assisting, abetting, soliciting or conspiring with another
Surplus Line Broker
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an insurance producer solicits, negotiates, or procures a property &
casualty policy with an insurance company not licensed to transact
business in the state which cannot be procured from insurers licensed to
do business in the state
Writ
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a written judicial order
Commercial Surety
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, a surety company authorized to do business in the state of Louisiana may
become surety for the release of a person on bail
Extradite
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to surrender or deliver (a fugitive) to another jurisdiction
2 types of personal surety
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Unsecured and Secured
Rule
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In the statutes and in this course refers to the Administrative Rules of the
Insurance Commissioner
Material
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, essential to a given matter. In a bail contract, a material false statement is a
lie told by the defendant to write the bond, which if the truth were known
In bail, no taxes are paid on premiums because it is actually ___% of the bond and ____%
to the state
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10%; 2%
Unilateral contract
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a contract in which only one party is obligated to perform . Compare to
bilateral contract
Hold Harmless
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to protect from loss or liability; indemnify. Also called "save harmless"
Affidavit
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