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LA Bail Bonds Study Guide Questions and
Correct Detailed Answers (Verified
Answers)
Alien insurer
✓✓ One formed under any country other than the US
Approved unauthorized insurer
✓✓ An insurer without a certificate of authority or otherwise
qualified under the provisions of this code and which is on the
list of approved unauthorized insurers under the provisions of
RS 22:436 and from which a licensed surplus lines broker may
procure insurance under provisions of RS 22:432 .
Authorized insurer
pg. 1
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✓✓ And insurer with a certificate of authority or license issued
under provisions of this code or otherwise qualified under RS
22:481 .
Department
✓✓ DOI or Department of Insurance
Domestic Insurer
✓✓ One formed under laws of this state (LA)
Foreign Insurer
✓✓ One formed under the laws of any other state or territory
of the US or the DC
Insurer
pg. 2
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✓✓ Includes every person engaged in the business of making
contracts of insurance other than a fraternal benefit society
Life insurer
✓✓ All insurers issuing life insurance contracts, including
industrial and service insurers.
Officer
✓✓ Means a president, Vice President, treasurer, actuary,
secretary, controller, and any other person who performs for
the company functions corresponding to those performed by
the foregoing officers.
Person
pg. 3
LA Bail Bonds Study Guide Questions and
Correct Detailed Answers (Verified
Answers)
Alien insurer
✓✓ One formed under any country other than the US
Approved unauthorized insurer
✓✓ An insurer without a certificate of authority or otherwise
qualified under the provisions of this code and which is on the
list of approved unauthorized insurers under the provisions of
RS 22:436 and from which a licensed surplus lines broker may
procure insurance under provisions of RS 22:432 .
Authorized insurer
pg. 1
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✓✓ And insurer with a certificate of authority or license issued
under provisions of this code or otherwise qualified under RS
22:481 .
Department
✓✓ DOI or Department of Insurance
Domestic Insurer
✓✓ One formed under laws of this state (LA)
Foreign Insurer
✓✓ One formed under the laws of any other state or territory
of the US or the DC
Insurer
pg. 2
, Click here- Nclex - Stuvia US
✓✓ Includes every person engaged in the business of making
contracts of insurance other than a fraternal benefit society
Life insurer
✓✓ All insurers issuing life insurance contracts, including
industrial and service insurers.
Officer
✓✓ Means a president, Vice President, treasurer, actuary,
secretary, controller, and any other person who performs for
the company functions corresponding to those performed by
the foregoing officers.
Person
pg. 3
