ACCURACY IS GUARANTEED
LA Bail Bonds Study Guide Questions with
Detailed Verified Answers for Accuracy
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
✓✓ 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
, ACCURACY IS GUARANTEED
Insurer
✓✓ 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
✓✓ Any individual, company, insurer, Association,
organization, reciprocal or interinsurance exchange,
partnership, business, trust, limited liability company, or
corporation.
Premium
✓✓ All sums charged, received, or deposited as consideration
for the purchase for continuance of insurance for a definitely
stated term, and shall include any assessment, membership,
policy, survey, inspection, service, or similar fee or charge made
by an insurer as a part of the consideration for the purchase or
continuance of insurance.
Producer
LA Bail Bonds Study Guide Questions with
Detailed Verified Answers for Accuracy
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
✓✓ 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
, ACCURACY IS GUARANTEED
Insurer
✓✓ 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
✓✓ Any individual, company, insurer, Association,
organization, reciprocal or interinsurance exchange,
partnership, business, trust, limited liability company, or
corporation.
Premium
✓✓ All sums charged, received, or deposited as consideration
for the purchase for continuance of insurance for a definitely
stated term, and shall include any assessment, membership,
policy, survey, inspection, service, or similar fee or charge made
by an insurer as a part of the consideration for the purchase or
continuance of insurance.
Producer
