Louisiana Property and Casualty EXAM QUESTIONS ACCURATE AND VERIFIED ACTUAL EXAM QUESTIONS WITH DETAILED ANSWERS FOR GUARANTEED PASS | ALREADY GRADED A

1. The transfer of money from inside a banking premises to a person other than the messenger outside those premises or to a place outside those premises is covered under which commercial crime coverage? A. Funds Transfer Fraud B. Employee Theft C. Computer Fraud D. Forgery or Alteration • Rationale: Computer Fraud coverage protects against loss of money, securities, or property transferred via computer from inside the premises to a person or place outside. 2. What is a written agreement which indemnifies a person for fire damage to the premises rented to the insured? A. Commercial Lease Contract B. Fire Department Service Contract C. Property Lease Addendum D. Fire Legal Liability Agreement • Rationale: This type of agreement covers damage by fire to rented premises when the insured is legally liable. 3. What crime coverage form would cover the loss of a wedding gown taken during an armed robbery while in transit between locations? A. Computer Fraud B. Extortion - Commercial Entities C. Forgery and Alteration D. Employee Theft • Rationale: Extortion coverage applies when property is surrendered due to a threat to a person, such as being held at gunpoint. 4. A liability policy that provides coverage if a claim is first reported or filed during the policy period is known as: A. Occurrence Form B. General Liability Policy C. Claims-made Form D. Umbrella Liability Form • Rationale: Claims-made policies cover claims first made during the policy period, regardless of when the event occurred (if after the retroactive date). 5. All of the following must exist for injury/damage to be included in the completed operations hazard EXCEPT: A. Injury occurs away from insured's premises B. Work is completed C. Product has left insured's possession D. The injury or damage must occur within 90 days after the insured’s work is complete • Rationale: There's no 90-day limit requirement; this is not a condition under the completed operations hazard. 6. Which of the following liability statements is FALSE? A. Policy may provide defense costs B. Policyholder must comply with conditions C. Policyholder can sue insurer even if conditions aren’t met D. Policy excludes intentional acts • Rationale: The insured must meet policy conditions before suing; otherwise, coverage is voided. 7. When must an insurer provide claim/occurrence info upon written request from a claims-made policyholder? A. 30 days B. 45 days C. 60 days D. 90 days • Rationale: The insurer is required to respond within 45 days of the request. 8. Under Computer Fraud crime coverage, what is the limit on loss of manuscripts, drawings, or records? A. $1,000 B. $2,500 C. $5,000 D. No limit • Rationale: A $5,000 sublimit typically applies to certain types of property like manuscripts or records. 9. The trigger in a claims-made policy is: A. Date of policy purchase B. Injury date C. Date the claim is made in writing D. Date of accident • Rationale: Claims-made policies are triggered by the date a claim is made, not when the incident occurred. 10. Contractual liability is excluded unless injury/damage occurs: A. Before contract is signed B. After execution of the contract C. On insured’s premises D. Before work is completed • Rationale: The policy excludes contractual liability unless the agreement was executed prior to the loss. 11. What liability exposure is most likely for a small specialty clothing boutique? A. Products liability B. Completed operations liability C. Premises liability D. Professional liability • Rationale: A retail boutique mainly faces exposure from customers injured on the premises. 12. Burglary is defined as: A. Any theft B. Armed robbery C. Taking property with visible signs of forced entry D. Theft by employees • Rationale: Burglary specifically requires visible signs of forced entry. 13. What is covered under “Inside the Premises - Theft of Money and Securities”? A. Inventory loss B. Employee theft C. Damage to a locked safe or register D. Cyber theft • Rationale: The policy includes physical damage to devices like safes during theft. 14. Which crime form covers loss discovered during the policy, regardless of when it occurred? A. Loss Sustained Form B. Employee Theft C. Discovery Form D. Forgery Form • Rationale: The Discovery form covers losses found during the policy period, no matter when they occurred. 15. A market employee wrongfully detains a utility worker. Which coverage applies? A. Bodily Injury Liability B. Personal and Advertising Injury Liability C. Property Damage D. Theft • Rationale: Personal injury includes wrongful detention or imprisonment. 16. All are supplemental payments in liability policies EXCEPT: A. Prejudgment interest B. Court costs C. Bail bonds D. Attorney fees incurred by insured • Rationale: Only attorney fees paid by the insurer are covered—not those chosen by the insured independently. 17. Who pays for work-related injuries under Workers Compensation? A. Employee B. Government C. Employer D. Union • Rationale: Workers compensation law requires the employer to pay regardless of fault. 18. Who CANNOT opt out of Workers Comp coverage? A. Corporate officer B. Business owner C. Part-time hourly worker D. Partner • Rationale: Regular employees, even part-time, are usually mandated to be covered. 19. Who is NOT eligible for workers comp death benefits? A. Spouse B. Minor children C. Married child, age 18 D. Dependent parent • Rationale: Adult married children are typically not dependents under the law. 20. Max burial benefit under Louisiana Workers Compensation Act? A. $5,000 B. $6,000 C. $7,500 D. $10,000 • Rationale: Louisiana law sets the burial expense max at $7,500. 21. Which is NOT a required employer duty after a workplace injury? A. Report the injury B. Provide first aid C. Cooperate with insurer D. Make voluntary payments • Rationale: Payments must follow policy procedures and legal claims process. 22. Which program encourages hiring previously injured workers? A. Return-to-Work Fund B. Employer Relief Fund C. Second Injury Fund D. Disability Equalization Program • Rationale: The Second Injury Fund supports employers hiring those with prior disabilities. 23. Loss of a limb, eyesight, or hearing is termed: A. Total disability B. Permanent partial disability C. Temporary total disability D. Scheduled injury • Rationale: These are permanent impairments that partially limit capacity. 24. A person able to do some work or alternate work has: A. Permanent total disability B. Temporary partial disability C. Scheduled disability D. No disability • Rationale: Temporary partial disability allows limited or modified work.