Louisiana Property and Casualty - Exam Newest Exam / Louisiana Property
and Casualty Exam- Preparation
LOUISIANA PROPERTY AND CASUALTY - EXAM NEWEST EXAM /
LOUISIANA PROPERTY AND CASUALTY EXAM- PREPARATION/
PROPERTY AND CASUALTY EXAM- LOUISIANA EXAM PRACTICE EXAM
WITH COMPLETE QUESTIONS AND CORRECT ANSWERS| BRAND NEW
VERSION!
After a storm dumps several inches of snow, an insured spends several hours
clearing his sidewalk and driveway. Later that night it begins to sleet. Before the
insured can clear his walks again, his neighbor slips and falls while walking past
the insured's house, breaking his arm. Which defense will reduce recovery for the
neighbor's injury? - Correct Answer-Intervening cause
When would uninsured motorist coverage apply? - Correct Answer-When the
other party is legally liable but has no insurance
The policy provision found in property insurance policies that prevents the insured
from collecting twice for the same loss is called - Correct Answer-Subrogation.
Terrorism Risk Insurance Program Reauthorization Act of 2015 has extended the
TRIA to the year - Correct Answer-2020
Which of the following covers a carrier for liability for loss to cargo while it is being
transported in a truck? - Correct Answer-Motor truck cargo policy - truckers form
1|Page
, Louisiana Property and Casualty - Exam Newest Exam / Louisiana Property
and Casualty Exam- Preparation
Under the Workers Compensation Act, what percentage of the employee's wages
will the surviving spouse with no children receive in the event of the employee's
death? - Correct Answer-32 1/2%
If a guest's property is lost or damaged while on the insured's premises or in their
control, Crime Coverage Form L - Liability for Guests' Property - Premises covers
the insured's - Correct Answer-Legal liability.
Who is NOT an insured for liability on a BAP? - Correct Answer-The owner of a car
the insured borrows
Which of the following would NOT qualify as a hired auto? - Correct Answer-An
auto borrowed from an employee
Which of the following statements is true regarding the premium computation for
workers compensation insurance? - Correct Answer-A premium auditor has the
right to examine the insured's compensation records at the end of the policy
period to determine the actual premium basis.
The limit on controlled business is - Correct Answer-25%.
All of the following are characteristics of the dwelling policy EXCEPT - Correct
Answer-The dwelling must be owner-occupied.
2|Page
, Louisiana Property and Casualty - Exam Newest Exam / Louisiana Property
and Casualty Exam- Preparation
Employers liability insurance, Part Two of a standard workers compensation and
employers liability (WC&EL) policy form, excludes - Correct Answer-An intentional
act that is caused by the insured.
The dwelling insured on HO-2, HO-3, or HO-5 forms is covered for replacement,
provided that it is insured for at least what percentage of replacement cost on the
date of loss? - Correct Answer-80%
A liability policy that provides coverage for a claim for injury or damage if the
claim is first reported or filed against the insured during the policy period is called
- Correct Answer-Claims-made form.
An automobile liability insurance policy, in addition to providing coverage to the
insured while within the state of Louisiana, must provide coverage for the insured
while operating the vehicle in all of the following places, EXCEPT - Correct Answer-
Cuba
Which of the following is INCORRECT in regard to the conditions found in a
workers compensation policy? - Correct Answer-The insurer may inspect the
workplace after giving the insured 5 days' notice.
The additional living expense coverage on homeowners policies - Correct Answer-
Is intended to allow the family to maintain its normal standard of living.
An individual was involved in a head-on collision while driving home one day. His
injuries were not serious, and he recovered. However, he decided that in order to
3|Page
, Louisiana Property and Casualty - Exam Newest Exam / Louisiana Property
and Casualty Exam- Preparation
never be involved in another accident, he would not drive or ride in a car ever
again. Which method of risk management does this describe? - Correct Answer-
Avoidance
Federal law makes it illegal for any individual convicted of a crime involving
dishonesty or breach of trust to work in the business of insurance affecting
interstate commerce - Correct Answer-Without receiving written consent from an
insurance regulatory authority.
Should 2 or more insurers issue a combined Standard Fire Policy insuring a single
risk, in the event of a loss, the insured must notify - Correct Answer-Any of the
insurers providing coverage.
The policy conditions define - Correct Answer-How parties to the contract must
act following a loss.
Because an insurance policy is a legal contract, it must conform to the state laws
governing contracts which require all of the following elements EXCEPT - Correct
Answer-Conditions.
The value placed on property insured under a fire insurance policy is used to
determine the policy's - Correct Answer-Premium.
Shipbuilders and repairers are covered by the - Correct Answer-U.S. Longshore
and Harbor Workers Compensation Act.
4|Page
and Casualty Exam- Preparation
LOUISIANA PROPERTY AND CASUALTY - EXAM NEWEST EXAM /
LOUISIANA PROPERTY AND CASUALTY EXAM- PREPARATION/
PROPERTY AND CASUALTY EXAM- LOUISIANA EXAM PRACTICE EXAM
WITH COMPLETE QUESTIONS AND CORRECT ANSWERS| BRAND NEW
VERSION!
After a storm dumps several inches of snow, an insured spends several hours
clearing his sidewalk and driveway. Later that night it begins to sleet. Before the
insured can clear his walks again, his neighbor slips and falls while walking past
the insured's house, breaking his arm. Which defense will reduce recovery for the
neighbor's injury? - Correct Answer-Intervening cause
When would uninsured motorist coverage apply? - Correct Answer-When the
other party is legally liable but has no insurance
The policy provision found in property insurance policies that prevents the insured
from collecting twice for the same loss is called - Correct Answer-Subrogation.
Terrorism Risk Insurance Program Reauthorization Act of 2015 has extended the
TRIA to the year - Correct Answer-2020
Which of the following covers a carrier for liability for loss to cargo while it is being
transported in a truck? - Correct Answer-Motor truck cargo policy - truckers form
1|Page
, Louisiana Property and Casualty - Exam Newest Exam / Louisiana Property
and Casualty Exam- Preparation
Under the Workers Compensation Act, what percentage of the employee's wages
will the surviving spouse with no children receive in the event of the employee's
death? - Correct Answer-32 1/2%
If a guest's property is lost or damaged while on the insured's premises or in their
control, Crime Coverage Form L - Liability for Guests' Property - Premises covers
the insured's - Correct Answer-Legal liability.
Who is NOT an insured for liability on a BAP? - Correct Answer-The owner of a car
the insured borrows
Which of the following would NOT qualify as a hired auto? - Correct Answer-An
auto borrowed from an employee
Which of the following statements is true regarding the premium computation for
workers compensation insurance? - Correct Answer-A premium auditor has the
right to examine the insured's compensation records at the end of the policy
period to determine the actual premium basis.
The limit on controlled business is - Correct Answer-25%.
All of the following are characteristics of the dwelling policy EXCEPT - Correct
Answer-The dwelling must be owner-occupied.
2|Page
, Louisiana Property and Casualty - Exam Newest Exam / Louisiana Property
and Casualty Exam- Preparation
Employers liability insurance, Part Two of a standard workers compensation and
employers liability (WC&EL) policy form, excludes - Correct Answer-An intentional
act that is caused by the insured.
The dwelling insured on HO-2, HO-3, or HO-5 forms is covered for replacement,
provided that it is insured for at least what percentage of replacement cost on the
date of loss? - Correct Answer-80%
A liability policy that provides coverage for a claim for injury or damage if the
claim is first reported or filed against the insured during the policy period is called
- Correct Answer-Claims-made form.
An automobile liability insurance policy, in addition to providing coverage to the
insured while within the state of Louisiana, must provide coverage for the insured
while operating the vehicle in all of the following places, EXCEPT - Correct Answer-
Cuba
Which of the following is INCORRECT in regard to the conditions found in a
workers compensation policy? - Correct Answer-The insurer may inspect the
workplace after giving the insured 5 days' notice.
The additional living expense coverage on homeowners policies - Correct Answer-
Is intended to allow the family to maintain its normal standard of living.
An individual was involved in a head-on collision while driving home one day. His
injuries were not serious, and he recovered. However, he decided that in order to
3|Page
, Louisiana Property and Casualty - Exam Newest Exam / Louisiana Property
and Casualty Exam- Preparation
never be involved in another accident, he would not drive or ride in a car ever
again. Which method of risk management does this describe? - Correct Answer-
Avoidance
Federal law makes it illegal for any individual convicted of a crime involving
dishonesty or breach of trust to work in the business of insurance affecting
interstate commerce - Correct Answer-Without receiving written consent from an
insurance regulatory authority.
Should 2 or more insurers issue a combined Standard Fire Policy insuring a single
risk, in the event of a loss, the insured must notify - Correct Answer-Any of the
insurers providing coverage.
The policy conditions define - Correct Answer-How parties to the contract must
act following a loss.
Because an insurance policy is a legal contract, it must conform to the state laws
governing contracts which require all of the following elements EXCEPT - Correct
Answer-Conditions.
The value placed on property insured under a fire insurance policy is used to
determine the policy's - Correct Answer-Premium.
Shipbuilders and repairers are covered by the - Correct Answer-U.S. Longshore
and Harbor Workers Compensation Act.
4|Page
