Property And Casualty Insurance Louisiana State Exam Answers

D) The intentional failure to disclose a material fact {Ans: Concealment is the: A) Violation of a condition contained in the policy B) Failure to pay the consideration due C) Failure to show written evidence of coverage D The intentional failure to disclose a material fact}5 Years {Ans: Every authorized insurer must be examined by the commissioner at least once every___}C) Apparent {Ans: The Authority the general public assumes a producer has granted to him/her by the carrier they represent is: A) Expressed B) Implied C) Apparent D) None of the Above}Twisting {Ans: Persuading a policyowner to drop a satisfactory policy and replace it with another is an illegal practice called___}C) Fair Credit Reporting Act {Ans: What law requires producers to get permission before accessing consumers' credit reports? A) Gramm-Leach Bliley Act B) CLUE Act C) Fair Credit Reporting Act D) Federal Violent Crime Control Law Enforcement Act}As deemed necessary {Ans: In addition to the minimum examination requirements, the commissioner may examine insurers as often as__}D) Indemnity {Ans: To restore to the same condition as before a loss is: A) Adverse Selection B) Reinsurance C) Lack of Large Numbers D) Indemnity}A) Predict future