Chapter 1 Louisiana insurance
Regulation exam questions with
complete Solutions 2023
Individual Producer - Answer-an individual producer is a person licensed to quote
insurance policies, market and sell insurance products and consult other with regard to
insurance.
18 years or older
reside in or work from an office located tin Louisiana
Completer re licensing education
paid their fee and submitted application
pass exam 70% or more
Term and Renewal - Answer-to maintain your license every licensee must complete a
certain number of hours in CE maintain conduct ans send renewal application and pay
renewal fees every renewal term.
expire every 2 years odd number for P&C
Change of Address - Answer-if a producer changes their mailing work or home address
the department must be notified within 10 days of the change
Non Resident - Answer-Individual not living in Louisiana and those without an office in
Louisiana get a non resident license
you have 90 days after establishing residency
moving from stat to state as long as they are in good standing in their home state they
will usually be exempt from shaving to take an exam
Temporary License - Answer-temp license is usually valid for 180 days and granted for
Death
Disability
Active Military Service
Department of Insurance and commissioner can revoke, now renew suspend or refuse
to issue and producer license as well as chard fine - Answer-Failure to comply with
state or federal laws to get a license
false information on any license or renewal app
Not sending in premium money or commingle funds
Committing fraud or practicing dishonesty with regard to insurance
being careless or lacking ability to perform insurance related business operational
Falsifying a contract binders rider plan benefits or apps
unfair trade practices
cheating on exam
licensed revoked
Regulation exam questions with
complete Solutions 2023
Individual Producer - Answer-an individual producer is a person licensed to quote
insurance policies, market and sell insurance products and consult other with regard to
insurance.
18 years or older
reside in or work from an office located tin Louisiana
Completer re licensing education
paid their fee and submitted application
pass exam 70% or more
Term and Renewal - Answer-to maintain your license every licensee must complete a
certain number of hours in CE maintain conduct ans send renewal application and pay
renewal fees every renewal term.
expire every 2 years odd number for P&C
Change of Address - Answer-if a producer changes their mailing work or home address
the department must be notified within 10 days of the change
Non Resident - Answer-Individual not living in Louisiana and those without an office in
Louisiana get a non resident license
you have 90 days after establishing residency
moving from stat to state as long as they are in good standing in their home state they
will usually be exempt from shaving to take an exam
Temporary License - Answer-temp license is usually valid for 180 days and granted for
Death
Disability
Active Military Service
Department of Insurance and commissioner can revoke, now renew suspend or refuse
to issue and producer license as well as chard fine - Answer-Failure to comply with
state or federal laws to get a license
false information on any license or renewal app
Not sending in premium money or commingle funds
Committing fraud or practicing dishonesty with regard to insurance
being careless or lacking ability to perform insurance related business operational
Falsifying a contract binders rider plan benefits or apps
unfair trade practices
cheating on exam
licensed revoked
