14 Questions
According to Title 22 - Insurance §1671, how often should a licensed claims adjuster file an application for renewal of their license?
Every two years
What lines of authority can a claims adjuster receive qualification for?
All of the above
What is the penalty for failing to file a change of address, legal name, or submitted information within the required time?
$50 fine per violation
According to the text, what is the maximum fine that a claims adjuster may be subject to for using a nonapproved trade name?
$5000
According to the text, what is the time limit for a licensed claims adjuster to reinstate their lapsed license?
24 months
According to the text, what must a claims adjuster do prior to using or changing any trade name?
Notify the commissioner of insurance
According to the text, who may the commissioner of insurance contract with to perform licensing functions?
National Association of Insurance Commissioners (NAIC) and its affiliates
True or false: A claims adjuster license can be issued without meeting the requirements of this Part.
False
True or false: A claims adjuster license remains in effect as long as the request for renewal has been filed and the fee has been paid.
True
True or false: A claims adjuster must notify the commissioner of insurance within thirty days of any change in address or legal name.
True
True or false: A claims adjuster is required to notify the commissioner of insurance prior to using a trade name other than their legal name?
True
True or false: If a claims adjuster continues to use a nonapproved trade name after being notified by the commissioner of insurance to cease using it, they may be subject to an additional fine?
True
True or false: A licensed claims adjuster is subject to R.S. 22:1921 et seq., which relates to insurance fraud?
True
True or false: A licensed claims adjuster who allows their license to lapse for more than twenty-four months must fulfill the requirements for issuance of a new license?
True
Quiz: Understanding Insurance Licensing Requirements Test your knowledge on insurance licensing requirements with this quiz. Learn about the criteria for obtaining a claims adjuster license, including the necessary qualifications and documentation. Explore the key information that must be included on a license, such as the licensee's name, business address, and expiration date. Sharpen your understanding of the Louisiana Revised Statutes governing insurance licensing.
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