Louisiana Property and Casualty Insurance Exam/ 2025-2026
Verified Questions With Answers.
C
Terms in this set (250)
Should 2 or more insurers issue a Any of the insurers providing coverage.
combined Standard Fire Policy
insuring a single risk, in the event
of a loss, the insured must notify
The policy conditions define How parties to the contract must act following a loss.
Because an insurance policy is a legal Conditions.
contract, it must conform to the
state laws governing contracts
which require all of the
following elements EXCEPT
The value placed on property Premium.
insured under a fire insurance
policy is used to determine
the policy's
Shipbuilders and repairers are U.S. Longshore and Harbor Workers Compensation Act.
covered by the
Which of the following terms Temporary partial disability
refers to a person's ability to do
some work or the need to do
alternative work?
Insurer examinations must occur no 5 years.
less frequently than every
If a commercial policy, in effect 10 days
for less than 60 days, is to be
canceled for
nonpayment of premium, how much
prior notice must the insurer give
to the first
named insured?
, The Residential It does not protect the individual owner from loss to personal
Condominium Building property owned exclusively by the unit owner.
Association Policy (RCBAP)
is used for residential
condominium building
associations to cover the entire
building under one policy. Which
of the following statements
about RCBAP is true?
What is surplus lines insurance? Insurance placed with an unauthorized insurer
How long is a waiting period upon 30 days
purchase of flood coverage through
NFIP?
Funding for the operation and Annual assessments paid by member insurers.
administration of the Louisiana
Insurance Guaranty Association
comes from
Uninsured Motorist property $250.
damage coverage is subject to a
deductible of
Rates that are established based Manual rates.
on the similarities of the risk
with other risks are known as
The personal injury liability A third party breaks a leg when the insured knocks him down.
endorsement to an HO policy
applies to all the following
EXCEPT
The process an insurer uses to Underwriting.
evaluate applications and
determine if a policy should be
issued and on what terms,
conditions, and rates is known
as
Terrorism Risk Insurance 2020
Program Reauthorization Act of
2015 has extended the TRIA to
the year
Verified Questions With Answers.
C
Terms in this set (250)
Should 2 or more insurers issue a Any of the insurers providing coverage.
combined Standard Fire Policy
insuring a single risk, in the event
of a loss, the insured must notify
The policy conditions define How parties to the contract must act following a loss.
Because an insurance policy is a legal Conditions.
contract, it must conform to the
state laws governing contracts
which require all of the
following elements EXCEPT
The value placed on property Premium.
insured under a fire insurance
policy is used to determine
the policy's
Shipbuilders and repairers are U.S. Longshore and Harbor Workers Compensation Act.
covered by the
Which of the following terms Temporary partial disability
refers to a person's ability to do
some work or the need to do
alternative work?
Insurer examinations must occur no 5 years.
less frequently than every
If a commercial policy, in effect 10 days
for less than 60 days, is to be
canceled for
nonpayment of premium, how much
prior notice must the insurer give
to the first
named insured?
, The Residential It does not protect the individual owner from loss to personal
Condominium Building property owned exclusively by the unit owner.
Association Policy (RCBAP)
is used for residential
condominium building
associations to cover the entire
building under one policy. Which
of the following statements
about RCBAP is true?
What is surplus lines insurance? Insurance placed with an unauthorized insurer
How long is a waiting period upon 30 days
purchase of flood coverage through
NFIP?
Funding for the operation and Annual assessments paid by member insurers.
administration of the Louisiana
Insurance Guaranty Association
comes from
Uninsured Motorist property $250.
damage coverage is subject to a
deductible of
Rates that are established based Manual rates.
on the similarities of the risk
with other risks are known as
The personal injury liability A third party breaks a leg when the insured knocks him down.
endorsement to an HO policy
applies to all the following
EXCEPT
The process an insurer uses to Underwriting.
evaluate applications and
determine if a policy should be
issued and on what terms,
conditions, and rates is known
as
Terrorism Risk Insurance 2020
Program Reauthorization Act of
2015 has extended the TRIA to
the year
