LA Property and Casualty Exam Latest 2026_2027 with Real Questions and Detailed Answers 1 of 58 2026-03-24
LA Property and Casualty
Exam Latest 2026/2027 with
Real Questions and
Detailed Answers
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_Page 1
Page 1 of 58 LA Property and Casualty Exam Latest 2026_2027 with Real Questions and Detailed Answers.pdf
, LA Property & Casualty 2 of 58 2026-03-24
LA Property & Casualty
1. First Street Supply Company has a good business rela- waiver of our rights
tionship with its main customer, Alliance Metals, which
it wants to maintain even if a First Street employ-
ee were to get injured while visiting Alliance's facto-
ry. Which of the following endorsements might First
Street add to its workers compensation policy to min-
imize potential disputes should that ever happen?
1. Voluntary Compensation and Employers Liability
Coverage endorsement
2. Waiver of Our Right to Recover from Others en-
dorsement
3. Federal Employers Liability Act Coverage endorse-
ment
4. General liability Rider endorsement
2. All of the following are described in the cancellation where the policy may be
provision in property and casualty insurance policies canceled
EXCEPT:
1. why the policy may be canceled
2. who may cancel the policy
3. when the policy may be canceled
4. where the policy may be canceled
3. Under the terms of an insurance policy's liberalization the insurer's need to make
clause, an insurer may revise a standard policy form the policy more profitable
at the time of renewal for all the following reasons
EXCEPT:
1. new exposures
2. court decisions
Page 2 of 58 Page 2 LA Property & Casualty.pdf
, LA Property & Casualty 3 of 58 2026-03-24
LA Property & Casualty
3. the insurer's need to make the policy more prof-
itable
4. the need to clarify the insurer's intentions
4. Mr. Abramson is having a new house built. You tell .Dwelling Under Con-
him he can purchase a dwelling policy while the house struction
is being built, but he needs to add an endorsement
to the policy. What endorsement does he need to
purchase?
1. Broad Theft
2. Dwelling Under Construction
3. Personal Liability Supplement
4.Automatic Increase in Insurance
5. A state that maintains a fund that pays for workers .monopolistic state fund
compensation claims is called what type of workers
compensation insurance market?
1. voluntary private market
2. state residual market plan
3. assigned risk plan
4.monopolistic state fund
6. The Louisiana Insurance Commissioner cannot sus- failing to meet projected
pend or revoke an agent's license for which of the sales goals
following reasons?
1. failing to meet projected sales goals
2. having an agent's license denied or suspended in
another state
3. signing a customer's name on an insurance applica-
Page 3 of 58 Page 3 LA Property & Casualty.pdf
, LA Property & Casualty 4 of 58 2026-03-24
LA Property & Casualty
tion
4. misrepresenting the terms of an insurance contract
7. Which of the following is NOT a special type of insur- .homeowners
ance coverage?
1.earthquake
2.homeowners
3.crop-hail
4.watercraft
8. Employers unable to purchase workers compensation residual market facility
insurance in the voluntary private market can buy it
from the state:
1. self-insurer fund
2. group insurance market
3.monopolistic state fund
4.residual market facility
9. Although the direct damage to a building caused by .ordinance or law exclu-
an explosion may be covered under a property insur- sion
ance policy, what exclusion might rule out coverage
for costs that are necessary to comply with current
building codes?
1.nuclear hazard exclusion
2.wear-and-tear exclusion
3.ordinance or law exclusion
4.mechanical breakdown exclusion
10. Which of the following producers is NOT engaging in Duane, whose commis-
controlled business? sions come from in-
Page 4 of 58 Page 4 LA Property & Casualty.pdf
LA Property and Casualty
Exam Latest 2026/2027 with
Real Questions and
Detailed Answers
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_Page 1
Page 1 of 58 LA Property and Casualty Exam Latest 2026_2027 with Real Questions and Detailed Answers.pdf
, LA Property & Casualty 2 of 58 2026-03-24
LA Property & Casualty
1. First Street Supply Company has a good business rela- waiver of our rights
tionship with its main customer, Alliance Metals, which
it wants to maintain even if a First Street employ-
ee were to get injured while visiting Alliance's facto-
ry. Which of the following endorsements might First
Street add to its workers compensation policy to min-
imize potential disputes should that ever happen?
1. Voluntary Compensation and Employers Liability
Coverage endorsement
2. Waiver of Our Right to Recover from Others en-
dorsement
3. Federal Employers Liability Act Coverage endorse-
ment
4. General liability Rider endorsement
2. All of the following are described in the cancellation where the policy may be
provision in property and casualty insurance policies canceled
EXCEPT:
1. why the policy may be canceled
2. who may cancel the policy
3. when the policy may be canceled
4. where the policy may be canceled
3. Under the terms of an insurance policy's liberalization the insurer's need to make
clause, an insurer may revise a standard policy form the policy more profitable
at the time of renewal for all the following reasons
EXCEPT:
1. new exposures
2. court decisions
Page 2 of 58 Page 2 LA Property & Casualty.pdf
, LA Property & Casualty 3 of 58 2026-03-24
LA Property & Casualty
3. the insurer's need to make the policy more prof-
itable
4. the need to clarify the insurer's intentions
4. Mr. Abramson is having a new house built. You tell .Dwelling Under Con-
him he can purchase a dwelling policy while the house struction
is being built, but he needs to add an endorsement
to the policy. What endorsement does he need to
purchase?
1. Broad Theft
2. Dwelling Under Construction
3. Personal Liability Supplement
4.Automatic Increase in Insurance
5. A state that maintains a fund that pays for workers .monopolistic state fund
compensation claims is called what type of workers
compensation insurance market?
1. voluntary private market
2. state residual market plan
3. assigned risk plan
4.monopolistic state fund
6. The Louisiana Insurance Commissioner cannot sus- failing to meet projected
pend or revoke an agent's license for which of the sales goals
following reasons?
1. failing to meet projected sales goals
2. having an agent's license denied or suspended in
another state
3. signing a customer's name on an insurance applica-
Page 3 of 58 Page 3 LA Property & Casualty.pdf
, LA Property & Casualty 4 of 58 2026-03-24
LA Property & Casualty
tion
4. misrepresenting the terms of an insurance contract
7. Which of the following is NOT a special type of insur- .homeowners
ance coverage?
1.earthquake
2.homeowners
3.crop-hail
4.watercraft
8. Employers unable to purchase workers compensation residual market facility
insurance in the voluntary private market can buy it
from the state:
1. self-insurer fund
2. group insurance market
3.monopolistic state fund
4.residual market facility
9. Although the direct damage to a building caused by .ordinance or law exclu-
an explosion may be covered under a property insur- sion
ance policy, what exclusion might rule out coverage
for costs that are necessary to comply with current
building codes?
1.nuclear hazard exclusion
2.wear-and-tear exclusion
3.ordinance or law exclusion
4.mechanical breakdown exclusion
10. Which of the following producers is NOT engaging in Duane, whose commis-
controlled business? sions come from in-
Page 4 of 58 Page 4 LA Property & Casualty.pdf
