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Louisiana Property & Casualty Exam
Questions And Correct Answers/ Latest
Update / Already Graded
If a producer allows his license to lapse, within what time period may
the producer reinstate the same license?
Ans: b) 2 years
Producers who allow their license to lapse may reinstate them same
license within 2 years, upon proof of fulfilling all continuing education
requirements through the date of reinstatement, & by paying all
overdue fees.
Which of the following would be eligible for Homeowners Coverage
F - Medical Payments in the event of injury at the insured's premises?
Ans: d) A full-time maid
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Medical payments on the HO policy cover costs incurred for up to
three years after the accident. Coverage does not apply to any
insured or a regular resident of the premises, except resident
employees not covered by workers compensation.
Which of the following statements is NOT true of a commercial
umbrella liability policy?
Ans: a) It would automatically cover all losses as they occur.
There is usually a minimum limit of liability the insured must carry &
maintain on the basic policies, such as $1,000,000 for commercial
risks. In addition, there are usually retained limits (called a self-insured
retention, or SIR) that the insured must satisfy before the umbrella
policy will respond to certain kinds of losses.
Which of the following perils is NOT covered the DP-2?
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Ans: c) Damage to pets, birds, or fish
DP-2 covers perils caused by breakage of glass, weight of ice 7
snow, or falling objects. Not damage to pets, birds or Fish
Which is NOT true of workers compensation coverages?
Ans: c) Medical Payment benefits are limited.
Workers compensation medical payments are unlimited.
The garage coverage from is written to cover the insurance needs of
an insured in the business of selling, repairing, servicing or storing
automobiles. Which of the following coverages are not included in a
garage policy?
Ans: b) Physical damage on a customer's auto
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The garage policy has a care, custody and control exclusion which
would eliminate coverage for any damage to a customer's auto. This
exposure would need to be covered under a garagekeepers policy.
Which of the following injuries under Coverage C - Medical
Payments of a commercial general liability policy?
Ans: b) Injuries to a member of the general public that occurs on
premises
Medical payments coverage makes payment of necessary medical
& first aid for injuries to third parties occurring on the insured premises,
regardless...
Which of the following is a federal act that covers crews of ships the
same as railroad workers?
Ans: a) The Jones Act
Louisiana Property & Casualty Exam
Questions And Correct Answers/ Latest
Update / Already Graded
If a producer allows his license to lapse, within what time period may
the producer reinstate the same license?
Ans: b) 2 years
Producers who allow their license to lapse may reinstate them same
license within 2 years, upon proof of fulfilling all continuing education
requirements through the date of reinstatement, & by paying all
overdue fees.
Which of the following would be eligible for Homeowners Coverage
F - Medical Payments in the event of injury at the insured's premises?
Ans: d) A full-time maid
,2 | Page
Medical payments on the HO policy cover costs incurred for up to
three years after the accident. Coverage does not apply to any
insured or a regular resident of the premises, except resident
employees not covered by workers compensation.
Which of the following statements is NOT true of a commercial
umbrella liability policy?
Ans: a) It would automatically cover all losses as they occur.
There is usually a minimum limit of liability the insured must carry &
maintain on the basic policies, such as $1,000,000 for commercial
risks. In addition, there are usually retained limits (called a self-insured
retention, or SIR) that the insured must satisfy before the umbrella
policy will respond to certain kinds of losses.
Which of the following perils is NOT covered the DP-2?
,3 | Page
Ans: c) Damage to pets, birds, or fish
DP-2 covers perils caused by breakage of glass, weight of ice 7
snow, or falling objects. Not damage to pets, birds or Fish
Which is NOT true of workers compensation coverages?
Ans: c) Medical Payment benefits are limited.
Workers compensation medical payments are unlimited.
The garage coverage from is written to cover the insurance needs of
an insured in the business of selling, repairing, servicing or storing
automobiles. Which of the following coverages are not included in a
garage policy?
Ans: b) Physical damage on a customer's auto
, 4 | Page
The garage policy has a care, custody and control exclusion which
would eliminate coverage for any damage to a customer's auto. This
exposure would need to be covered under a garagekeepers policy.
Which of the following injuries under Coverage C - Medical
Payments of a commercial general liability policy?
Ans: b) Injuries to a member of the general public that occurs on
premises
Medical payments coverage makes payment of necessary medical
& first aid for injuries to third parties occurring on the insured premises,
regardless...
Which of the following is a federal act that covers crews of ships the
same as railroad workers?
Ans: a) The Jones Act
