Louisiana Bail Bonds Test - Questions With Correct
Solutions
How many days prior to your apprenticeship are you required to register with
the department of insurance? Right Ans - at least 10
How long is an apprenticeship? Right Ans - 3 months, no less than 24 hours
a week.
What can you not do in your apprenticeship? Right Ans - solicitation,
negotiation, quotation of fees, and executation of bonds
Can a person who has been convicted of a felony allowed to participate in the
apprenticeship program? Right Ans - no
How long after the prelicensimg education course do you have to sit for your
examination? Right Ans - one year
how long is the prelicensing program? Right Ans - 8 hours
commission Right Ans - sets the rules and regulations
how long is continuing education? Right Ans - 12 hours
nipr Right Ans - national insurance producer registry
how many days do you have to notify the department of insurance of a change
of address? Right Ans - within 30 days
who is not required to be fingerprinted? Right Ans - non resident, already
actively licensed as a resident adding a new type or line of authority,
reinstating within 2 years of lapse.
Authorized Insurer Right Ans - insurer who has received a Certificate of
Authority from the department of insurance to transact insurance in this state
Business Entity Right Ans - a corporation, association, partnership, limited
liability company, limited liability partnership, or other legal entity
, commission Right Ans - fee paid to an insurance producer
home state Right Ans - the district of Columbia or any state or territory of
the United States
Insurance Producer Right Ans - A person required to be licensed under the
laws of this state to sell, solicit, or negotiate insurance
Insurer Right Ans - every person engaged in the business of making
contracts of insurance
license Right Ans - a document issued by this states commissioner of
insurance authorizing a person to act as an insurance producer.
Limited Line Credit Insurance Right Ans - includes credit life, credit
disability, credit property, credit unemployment, involuntary unemployment,
mortgage life, mortgage disability and any other form of insurance offered in
connection with an extension of credit that is limited to partially or wholly
extinguishing that credit obligation that the commissioner of insurance
determines
limited lines insurance Right Ans - any authority granted by the
commissioner of insurance which restricts the authority of the licensee to less
that the total authority prescribed in the association major lines pursuant to
RS 22:1547 (a)(1-6)
Limited Lines Producer Right Ans - an insurance producer authorized by
the commissioner of insurance to sell, solicit, or negotiate limited line
insurance
naic Right Ans - National Association of Insurance Commissioners
negotiate Right Ans - to confer directly with or to offer advice directly to a
purchaser, certificate holder, or enrollee, or prospective purchaser, certificate
holder, or enrollment, of a particular contract of insurance including
certificates, riders, endorsements, or amendments, concerning any of the
benefits, terms, or conditions of the contract if the person engaged in that act
Solutions
How many days prior to your apprenticeship are you required to register with
the department of insurance? Right Ans - at least 10
How long is an apprenticeship? Right Ans - 3 months, no less than 24 hours
a week.
What can you not do in your apprenticeship? Right Ans - solicitation,
negotiation, quotation of fees, and executation of bonds
Can a person who has been convicted of a felony allowed to participate in the
apprenticeship program? Right Ans - no
How long after the prelicensimg education course do you have to sit for your
examination? Right Ans - one year
how long is the prelicensing program? Right Ans - 8 hours
commission Right Ans - sets the rules and regulations
how long is continuing education? Right Ans - 12 hours
nipr Right Ans - national insurance producer registry
how many days do you have to notify the department of insurance of a change
of address? Right Ans - within 30 days
who is not required to be fingerprinted? Right Ans - non resident, already
actively licensed as a resident adding a new type or line of authority,
reinstating within 2 years of lapse.
Authorized Insurer Right Ans - insurer who has received a Certificate of
Authority from the department of insurance to transact insurance in this state
Business Entity Right Ans - a corporation, association, partnership, limited
liability company, limited liability partnership, or other legal entity
, commission Right Ans - fee paid to an insurance producer
home state Right Ans - the district of Columbia or any state or territory of
the United States
Insurance Producer Right Ans - A person required to be licensed under the
laws of this state to sell, solicit, or negotiate insurance
Insurer Right Ans - every person engaged in the business of making
contracts of insurance
license Right Ans - a document issued by this states commissioner of
insurance authorizing a person to act as an insurance producer.
Limited Line Credit Insurance Right Ans - includes credit life, credit
disability, credit property, credit unemployment, involuntary unemployment,
mortgage life, mortgage disability and any other form of insurance offered in
connection with an extension of credit that is limited to partially or wholly
extinguishing that credit obligation that the commissioner of insurance
determines
limited lines insurance Right Ans - any authority granted by the
commissioner of insurance which restricts the authority of the licensee to less
that the total authority prescribed in the association major lines pursuant to
RS 22:1547 (a)(1-6)
Limited Lines Producer Right Ans - an insurance producer authorized by
the commissioner of insurance to sell, solicit, or negotiate limited line
insurance
naic Right Ans - National Association of Insurance Commissioners
negotiate Right Ans - to confer directly with or to offer advice directly to a
purchaser, certificate holder, or enrollee, or prospective purchaser, certificate
holder, or enrollment, of a particular contract of insurance including
certificates, riders, endorsements, or amendments, concerning any of the
benefits, terms, or conditions of the contract if the person engaged in that act
