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LOUISIANA CLAIMS ADJ USTER
EXAM QUESTIONS & ANSWERS
100% CORRECT
Question: What must the commissioner of insurance find
before issuing a claims adjuster license to an applicant?
Correct answer: The applicant is eligible, designates LA
as his or her home state or is a non-resident eligible for a license, has not committed any act that is ground for denial, suspension, or revocation, has paid required fees, maintains an office in home state, and has written consent of commission or insurance pursuant to federal laws regulating crimes by affecting persons to engage in business of insurance.
Question: What are the eligibility requirements for a
Resident License regarding age and examination?
Correct answer: Individual must be 18 or older and
successfully passed the adjuster examination unless exempt.
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Question: Under what condition may the department issue
a Limited Claims Adjuster License?
Correct answer: If considered necessary by the
commissioner, the department may issue a limited claims adjuster license to an applicant in the manner otherwise provided for the issuance of a license under the section.
Question: What are the requirements for a nonresident
person to receive a Nonresident Claims Adjuster License?
Correct answer: Unless denied licensure pursuant to state
law, a nonresident person may receive a nonresident claims adjuster license upon complying with the applicable requirements.
Question: What are the conditions for a claims adjuster
license to remain in effect?
Correct 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.
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Question: How often must a licensed claims adjuster file
an application for license renewal, and what is the process?
Correct answer: Every licensed claims adjuster shall file
an application for renewal of his license every 2 years by notifying the commissioner of insurance using methods prescribed by the commissioner, of the licensee’s intention to continue his license.
Question: What are the requirements and penalties for a
licensee informing the commissioner of changes in address, phone number, legal name, or application information?
Correct answer: The licensee must inform the
commissioner of insurance by any means acceptable of a change of address, phone number, legal name, or any information submitted on the application within 30 days of the change. Failure to file a change shall be subject to a $50 per violation or other fine as may be authorized by law.
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Question: What are the penalties for an insurance
producer using a non-approved trade name?
Correct answer: The use by an insurance producer of a
non-approved trade name shall subject such person to a fine not exceeding $250. If they continue after being notified to cease for 10 or more days, they are subject to an additional fine not to exceed $5000.
Question: What are the reporting requirements for
administrative actions taken against an adjuster?
Correct answer: The adjuster shall report to the
commissioner any administrative action taken against the adjuster in any jurisdiction or by another governmental agency within 30 days of the final disposition of the matter.
Question: What are the continuing education
requirements for an individual holding an adjuster license?
Correct answer: An individual who holds an adjuster
license and who is not exempt under this section shall
