Louisiana Surplus Lines study guide
Louisiana Surplus Lines · Work through your exam, one topic at a time.
The Louisiana Surplus Lines Producer license is a state credential that lets a producer place property and casualty coverage with non-admitted insurers when the admitted market cannot or will not write the risk. It is aimed at licensed Louisiana producers who already understand standard P&C products and want to work in the excess and surplus lines market, where coverage is written by eligible surplus lines insurers rather than admitted carriers. The exam is delivered as multiple choice and is organized around four content areas of roughly equal weight: Louisiana insurance law and regulations, surplus lines law and regulation, general insurance principles and concepts, and property and casualty insurance basics. Expect questions on the duties and conduct standards that apply to Louisiana producers, the rules that govern how surplus lines business is placed and reported, foundational risk and contract concepts, and core coverage forms for property and liability lines. The Louisiana Surplus Lines study guide has 4 sections and about 1,536 words.
01Louisiana Insurance Law and Regulations
The Louisiana Insurance Law and Regulations domain tests the state Insurance Code (Title 22 of the Louisiana Revised Statutes), the Commissioner of Insurance, producer licensing and conduct, the Louisiana Insurance Guaranty Association (LIGA), and Louisiana-specific consumer protections. Questions often turn on authorization status, the Commissioner's authority, and which fund responds to an insolvency.
375 words, about 2 min02Surplus Lines Law and Regulation
Surplus Lines Law and Regulation tests placement of coverage with insurers not authorized in Louisiana. The exam focuses on broker licensing, eligible insurers, diligent effort, disclosure, premium tax, and the NRRA home-state rule.
423 words, about 2 min03Insurance Principles and Concepts
Insurance Principles and Concepts tests the vocabulary and legal framework underlying every policy: risk, insurable interest, indemnity, utmost good faith, contract characteristics, and the hazards that make losses more likely or more severe. Insurance transfers pure risk, where the outcome is loss or no loss.
369 words, about 2 min04Property and Casualty Insurance Basics
Property and Casualty Insurance Basics tests coverage structures and calculations appearing in personal and commercial policies: property limits and valuation, coinsurance, deductibles, liability triggers, and common endorsements. Property policies insure covered causes of loss against a limit; most use actual cash value or replacement cost.
369 words, about 2 min