LA CLAIMS ADJUSTER PROPERTY AND CAUSALITY EXAM

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LA CLAIMS ADJUSTER PROPERTY AND CAUSALITY EXAM

(LOUISIANA ADJUSTER LAW)

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -24 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: $25,000

Answer:

Limit of liability for property damage to or destruction of property in one accident

Question 2: Expiration

Answer:

A claims adjuster license will remain in effect unless revoked, terminated, suspended, or denied renewal or reinstatement, as long as the request for renewal has been filed, the required fee has been paid and any other requirements for license renewal are met by due date.

Question 3: The Louisiana citizens property insurance corporation

Answer:

was created to operate residual marketplace plans known as the coastal plan and the FAIR plan. These plans provide property insurance for residential and commercial property to applicants who are in good faith to coverage but are unable to secure it in the voluntary market.

Question 4: 30 days

Answer:

A licensee may make written demand upon the commissioner of insurance within ___for a hearing to review the commissions actions

Question 5: elected

4

Answer:

The commissioner is ___to office for a term of __ years.

Question 6: Reporting of Actions

30

Answer:

The adjuster shall report to the commissioner and administrative action taken against the adjuster in any jurisdiction or by another governmental agency within ___ days of the final disposition of the matter.

Question 7: $1000

$100,000

Answer:

penalties for violations payment of monetary penalty of no more than __for each and every act or violation, but not to exceed an aggregate penalty of ___ unless the person knew or reasonably knew he or she was in violation.

Question 8: $500

$10,000

Answer:

The commissioner of ins may place on probation, suspend, revoke, or refuse to issue renew, or resistance a claims adjuster license or may levy a fine not to exceed ___ for each violation up to __aggeragte for all violations in a calendar year.

Question 9: $30,000

Answer:

Limit of liability for bodily injury to or death of two or more persons in any one accident

Question 10: Resident License

Answer:

Before issuing a claims adjuster license to an applicant under this section the commissioner of insurance must find that the applicant is eligiable

Question 11: Adjuster

Answer:

means an individual who investigates or adjusts losses on behalf of an insurer as an independent contractor or as employee of adjustment bureau an association property and casualty producer an insurer ins contractor

Question 12: 30 days

$50

Answer:

The licensee must inform the commissioner of ins by any means acceptable of a change of address, phone number, legal name. or any information submitted on the application within ___ of the change.failure to file a change shall be subject to a ___ per violation or other fine as may be authorized by law.

Question 13: 24 hours

Answer:

An individual who holds an adjuster license and who is not exempt under this section shall satisfactorily complete a minimum of ___ of continuing education courses

Question 14: Limited Claims Adjuster License

Answer:

If considered necessary by the commissioner the department may issue limited claims adjuster license to an applicant in the manner otherwise provided for the issuance or a license under the section

Question 15: 14

30

Answer:

The insurer shall initiate loss adjustment of a property damage claim and a claim, and of a claim for reasonable medical expenses within __days after notification of loss by the claimant. in case of catastrophic loss within __ days.

Question 16: $15,000

Answer:

Limit of liability for bodily injury to or death of one person in any one accident

Question 17: $250

$5000

Answer:

The use by an insurance producer of a non-approved trade name shall subject such person to fine a non exceeding ___. If they continue after being notified to cease for 10 or more days they are subject to additional fine not to exceed ___

Question 18: 2

Answer:

Every licensed claims adjuster shall file an application for renewal of his license every ___ years by notifying the commissioner of ins. using methods prescribed by the commissioner, of the licensees intention to continue his license Question 19: -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulating crimes by affecting persons to engage in business of insurance

Answer:

Resident License eligibility

Question 20: 30

Answer:

Failing to pay settlements within __ days after agreement is reduced to writing breach of good faith duty.

Question 21: 18

Answer:

individual must be __ or older and successfully passed the adjuster examination unless exempt