Louisiana Licensing Regulations exam
questions with complete solutions
Requirements - Answer-1. No person shall act or hold himself out to be an insurance
producer unless licensed by the department of insurance
2. no insurance producer shall sell, solicit, make and application for etc. any policies for
any lines of insurance as to which he is not then qualified and duly licensed in this state
types of licenses (22:1547, 1962(f) - Answer-the state of Louisiana requires licenses for
all insurance producers, agents, brokers, sellers.
producers may be licensed for one or more lines of authority (life, accident and health,
property etc.,)
RESIDENT VS. NONRESIDENT - Answer-a non-resident is any individual or entity
whose home state is not Louisiana. a non-resident may apply for a nonresident
producer license if the person is currently a licensed resident in good standing in the
person’s home state
expiration and renewal - Answer-licenses remain in effect so long as the individual or
entity pays the annual fee and completes the required education courses
change of address - Answer-every licensee will notify the commissioner of any
alteration in his residential mailing or business address within 30 days of change
reporting of actions - Answer-A licensee must report any administrative action taken
against him in another jurisdiction or state within 30 days of the final disposition of the
matter.
hearings - Answer-The Commissioner may hold hearings for any purpose deemed
necessary for enforcement and administration of the law. The Commissioner must
provide notice of at least 10 days before the hearing date. Some insurance regulations
and rules require a hearing; however, an individual may require a hearing on actions
taken by the Commissioner by written demand to the Department of Insurance. The
demand must include the basis for relief for which the individual demanded the hearing,
and the hearing must take place within 30 days of the demand unless mutually
postponed.
cease and desist order - Answer-If, after receiving the person's answer or response or if
no answer or response is received within twenty days of receipt of mailing, faxing, or
delivery of the notice, the Commissioner will determine that the person charged has
engaged in an unfair method of competition or an unfair or deceptive act or practice, he
will reduce his findings to writing and will issue and cause to be served upon the person
questions with complete solutions
Requirements - Answer-1. No person shall act or hold himself out to be an insurance
producer unless licensed by the department of insurance
2. no insurance producer shall sell, solicit, make and application for etc. any policies for
any lines of insurance as to which he is not then qualified and duly licensed in this state
types of licenses (22:1547, 1962(f) - Answer-the state of Louisiana requires licenses for
all insurance producers, agents, brokers, sellers.
producers may be licensed for one or more lines of authority (life, accident and health,
property etc.,)
RESIDENT VS. NONRESIDENT - Answer-a non-resident is any individual or entity
whose home state is not Louisiana. a non-resident may apply for a nonresident
producer license if the person is currently a licensed resident in good standing in the
person’s home state
expiration and renewal - Answer-licenses remain in effect so long as the individual or
entity pays the annual fee and completes the required education courses
change of address - Answer-every licensee will notify the commissioner of any
alteration in his residential mailing or business address within 30 days of change
reporting of actions - Answer-A licensee must report any administrative action taken
against him in another jurisdiction or state within 30 days of the final disposition of the
matter.
hearings - Answer-The Commissioner may hold hearings for any purpose deemed
necessary for enforcement and administration of the law. The Commissioner must
provide notice of at least 10 days before the hearing date. Some insurance regulations
and rules require a hearing; however, an individual may require a hearing on actions
taken by the Commissioner by written demand to the Department of Insurance. The
demand must include the basis for relief for which the individual demanded the hearing,
and the hearing must take place within 30 days of the demand unless mutually
postponed.
cease and desist order - Answer-If, after receiving the person's answer or response or if
no answer or response is received within twenty days of receipt of mailing, faxing, or
delivery of the notice, the Commissioner will determine that the person charged has
engaged in an unfair method of competition or an unfair or deceptive act or practice, he
will reduce his findings to writing and will issue and cause to be served upon the person
