Casualty - Series 105 — Information & Free Practice
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Casualty - Series 105
- Provider
- PSI Services LLC
- Format
- Computer-delivered examination at a PSI testing location
- Exam questions
- 100 scored questions; an additional 5 to 10 unscored experimental questions may be administered
- Time limit
- 120 minutes
- Passing score
- 70% correct
- Exam fee
- $36.00
Examination outline
Louisiana Insurance Regulation (20%)
- Licensing
- Licensing / Types of licenses (22:1547, 1962(F))
- Licensing / Types of licenses (22:1547, 1962(F)) / Individual producer (22:1542(6), 1546(A))
- Licensing / Types of licenses (22:1547, 1962(F)) / Business entity (22:1542(2), 1546(B))
- Licensing / Types of licenses (22:1547, 1962(F)) / Resident versus nonresident (22:1546, 1548, 1560)
- Licensing / Types of licenses (22:1547, 1962(F)) / Temporary (22:1553)
- Licensing / Maintenance and duration
- Licensing / Maintenance and duration / Expiration (22:1547(B))
- Licensing / Maintenance and duration / Renewal/nonrenewal (22:1547(C); 22:1142; 22:887)
- Licensing / Maintenance and duration / Change of name, address, telephone number (22:1547(G))
- Licensing / Maintenance and duration / Assumed names (22:1552)
- Licensing / Maintenance and duration / Reporting of actions (22:1563)
- Licensing / Maintenance and duration / Continuing education requirements including exemptions and penalties (37:XI:10.703, .705 & Rule 10.711)
- Licensing / Maintenance and duration / Inactivity due to extenuating circumstances
- Licensing / Maintenance and duration / Inactivity due to military service
- Licensing / Disciplinary actions
- Licensing / Disciplinary actions / Hearings (22:1968, 2191, 2193-2195, 2197, 2198, 2204-2208)
- Licensing / Disciplinary actions / Cease and desist order (22:1969)
- Licensing / Disciplinary actions / License probation, suspension, revocation, or refusal to issue or renew (22:1554)
- Licensing / Disciplinary actions / Penalties/fines (22:1969-1970)
- State regulation
- State regulation / Commissioner's general duties and powers (22:2, 1967)
- State regulation / Acts constituting insurance transaction (22:23; 22:1542(6)
- State regulation / Acts constituting insurance transaction (22:23; 22:1542(6) / Negotiate (22:23; 22:1542(6)
- State regulation / Acts constituting insurance transaction (22:23; 22:1542(6) / Sell (22:23; 22:1542(6)
- State regulation / Acts constituting insurance transaction (22:23; 22:1542(6) / Solicit (22:23; 22:1542(6)
- State regulation / Company regulation
- State regulation / Company regulation / Certificate of authority (22:65, 66)
- State regulation / Company regulation / Solvency (22:571)
- State regulation / Company regulation / Financial requirements (22:571)
- State regulation / Company regulation / Records maintenance (22:68)
- State regulation / Company regulation / Unfair claims settlement practices (22:1964(14))
- State regulation / Company regulation / Appointment (22:1558)
- State regulation / Company regulation / Termination of appointment (22:1559)
- State regulation / Company regulation / Policy forms/rates/exceptions (22:864)
- State regulation / Company regulation / State of domicile
- State regulation / Producer regulation
- State regulation / Producer regulation / Controlled business (22:1544(C))
- State regulation / Producer regulation / Policy and application signatures (R.S. 9:2605)
- State regulation / Producer regulation / Shared commissions (22:1557)
- State regulation / Producer regulation / Payment to unlicensed entities (22:1562)
- State regulation / Producer regulation / Commissions/compensations/fees ((22:1542 (3); 22:1557)
- State regulation / Unfair trade practices (22:1964)
- State regulation / Unfair trade practices (22:1964) / Misrepresentation (22:1964(1, 18))
- State regulation / Unfair trade practices (22:1964) / False or deceptive advertising (22:1964(2))
- State regulation / Unfair trade practices (22:1964) / Defamation (22:1964(3))
- State regulation / Unfair trade practices (22:1964) / Boycott, coercion and intimidation (22:1964(4))
- State regulation / Unfair trade practices (22:1964) / False financial statements (22:1964(5))
- State regulation / Unfair trade practices (22:1964) / Unfair discrimination (22:1964(7); 22:34)
- State regulation / Unfair trade practices (22:1964) / Rebating and twisting (22:1964(8); 37:XIII.575 (B)(1)
- State regulation / Unfair trade practices (22:1964) / Prohibited fees/premium/extra charges
- State regulation / Examination of books and records (22:1967, 1981, 1990)
- State regulation / Insurance fraud (22:1964(13), 1921–1929)
- State regulation / Privacy of Consumer Financial Information (37:XIII.9903– .9953)
- Louisiana State Specific Property and Casualty Laws and Regulations
- Louisiana State Specific Property and Casualty Laws and Regulations / Louisiana Valued Policy Law (22:1318)
- Louisiana State Specific Property and Casualty Laws and Regulations / Louisiana Insurance Guaranty Association (22:2051–2070)
- Louisiana State Specific Property and Casualty Laws and Regulations / Louisiana standard fire insurance policy (22:1311)
- Louisiana State Specific Property and Casualty Laws and Regulations / Wind and Hail Associations
- Louisiana State Specific Property and Casualty Laws and Regulations / Cancellation and nonrenewal (22:887)
- Louisiana State Specific Property and Casualty Laws and Regulations / Commercial (22:1267)
- Louisiana State Specific Property and Casualty Laws and Regulations / Homeowners (22:1265, 1333, 1335, 1336)
- Louisiana State Specific Property and Casualty Laws and Regulations / Binders (22:870, 1555)
- Louisiana State Specific Property and Casualty Laws and Regulations / Loss payment (22:1892)
- Louisiana State Specific Property and Casualty Laws and Regulations / Certificates of Insurance (22:890)
- Federal regulation
- Federal regulation / Other federal regulations (e.g.Do Not Call List) (https://www.donotcall.gov)
Licensing and Regulation (2%)
- Federal Regulation
- Federal Regulation / Fair Credit Reporting Act
- Federal Regulation / Fraud and False Statements (18 USC Sections 1033 and 1034)
- Federal Regulation / Privacy (Gramm Leach Bliley)
- Federal Regulation / Motor Carrier Act (MCS-90 and others)
General Insurance Concepts (15%)
- Risk
- Risk / Methods of Handling Risk (e.g., Avoidance, Retention, Sharing, Reduction, Transfer)
- Risk / Elements of Insurable Risks
- Risk / Definitions (e.g., Risk, Hazard, Peril, Loss)
- Classifications of Insurers
- Classifications of Insurers / Mutual, Stock
- Classifications of Insurers / Admitted, Non-Admitted
- Classifications of Insurers / Foreign, Domestic, Alien
- Elements of a Contract
- Elements of a Contract / Consideration
- Elements of a Contract / Competent Parties
- Elements of a Contract / Legal Purpose
- Elements of a Contract / Offer
- Elements of a Contract / Acceptance
- Authority and Powers of Producers
- Authority and Powers of Producers / Express
- Authority and Powers of Producers / Implied
- Authority and Powers of Producers / Apparent
- Authority and Powers of Producers / The Law of Agency
- Legal Interpretations Affecting Contracts
- Legal Interpretations Affecting Contracts / Reasonable Expectations
- Legal Interpretations Affecting Contracts / Indemnity
- Legal Interpretations Affecting Contracts / Good Faith
- Legal Interpretations Affecting Contracts / Fraud
- Legal Interpretations Affecting Contracts / Warranties, Representations, Misrepresentations, and Concealment
Casualty Insurance Basics (23%)
- Damages
- Damages / Compensatory versus Punitive
- Damages / General versus Special
- Liability
- Liability / Absolute
- Liability / Strict
- Liability / Vicarious
- Underwriting
- Underwriting / Purpose
- Underwriting / Process
- Underwriting / Results
- Rate Development
- Rate Development / Types
- Rate Development / Components
- Rate Development / Basis
- Types of Hazards
- Negligence
- Negligence / Torts
- Negligence / Elements of a Negligent Act
- Negligence / Defense Against Negligence
- Accident versus Occurrence
- Policy Structure
- Policy Structure / Declarations
- Policy Structure / Definitions
- Policy Structure / Insuring Agreement
- Policy Structure / Supplementary Coverage
- Policy Structure / Conditions
- Policy Structure / Exclusions
- Policy Structure / Endorsements
- Policy Conditions
- Policy Conditions / Insureds
- Policy Conditions / Policy Period
- Policy Conditions / Policy Territory
- Policy Conditions / Cancellation and Non-Renewal
- Policy Conditions / Deductibles/Self-Insured Retention
- Policy Conditions / Other Insurance (e.g. Primary and Excess, Pro Rata, Nonconcurrency, Contribution by Equal Shares)
- Limits of Liability
- Limits of Liability / Per Accident
- Limits of Liability / Per Occurrence
- Limits of Liability / Per Person
- Limits of Liability / Aggregate
- Limits of Liability / Split
- Limits of Liability / Combined Single Limit
- Named Insured Provisions
- Named Insured Provisions / First Named Insured versus Other Insureds
- Named Insured Provisions / Duties After Loss
- Named Insured Provisions / Assignment
- Named Insured Provisions / Waiver of Rights
- Insurer Provisions
- Insurer Provisions / Liberalization
- Insurer Provisions / Subrogation
- Insurer Provisions / Claim Settlement Options
- Insurer Provisions / Duty to Defend
- Third-Party Provisions
- Third-Party Provisions / Standard Mortgage Clause
- Third-Party Provisions / Loss Payable Clause
- Third-Party Provisions / No Benefit to the Bailee
Personal Automobile Policy (7%)
- Personal Automobile Policy
- Personal Automobile Policy / Definitions
- Personal Automobile Policy / General provisions
- Personal Automobile Policy / Conditions
- Personal Automobile Policy / Duties After an Accident
- Personal Automobile Policy / Endorsements
- Personal Automobile Policy / Endorsements / Amendment of policy provisions — Louisiana (PP 01 95) 02/12
- Personal Automobile Policy / Endorsements / Extended non-owned coverage (PP 03 06) 01/05
- Personal Automobile Policy / Endorsements / Miscellaneous type vehicle (PP 03 23) 01/05
- Personal Automobile Policy / Endorsements / Joint ownership coverage (PP 03 34) 01/05
- Personal Automobile Policy / Endorsements / Named driver exclusion — Louisiana (PP 13 43) 09/06
- Personal Automobile Policy Liability
- Personal Automobile Policy Liability / Bodily Injury and Property Damage
- Personal Automobile Policy Liability / Supplementary Payments
- Personal Automobile Policy Liability / Persons Insured
- Personal Automobile Policy Liability / Exclusions
- Expenses for Medical Services
- Uninsured/Underinsured Motorist Coverage
- Physical Damage
Commercial Automobile Policy (6%)
- Commercial Automobile Policy
- Commercial Automobile Policy / Definitions
- Commercial Automobile Policy / Provisions and Conditions
- Commercial Automobile Policy / Duties After an Accident
- Commercial Automobile Policy / Endorsements
- Commercial Automobile Policy / Endorsements / Louisiana – lessor – additional insured and loss payee (CA 04 13) 10/13
- Commercial Automobile Policy / Endorsements / Mobile equipment (CA 20 15) 10/13
- Commercial Automobile Policy / Endorsements / Auto medical payments coverage (CA 99 03) 10/13
- Commercial Automobile Policy / Endorsements / Drive other car coverage (CA 99 10) 10/13
- Commercial Automobile Policy / Endorsements / Employee as insured (CA 99 17) 10/13
- Commercial Automobile Policy Liability
- Commercial Automobile Policy Liability / Bodily Injury and Property Damage
- Commercial Automobile Policy Liability / Supplementary Payments
- Commercial Automobile Policy Liability / Persons Insured
- Commercial Automobile Policy Liability / Exclusions
- Physical Damage
- Other Commercial Automobile forms (e.g., Motor Carrier, Auto Dealers)
Commercial General Liability (10%)
- Commercial Policy Components
- Commercial Policy Components / Declarations
- Commercial Policy Components / Conditions
- Commercial Policy Components / Interline Endorsements
- Commercial General Liability Coverages
- Commercial General Liability Coverages / Bodily Injury and Property Damage
- Commercial General Liability Coverages / Personal and Advertising Injury
- Commercial General Liability Coverages / Medical Payments
- Commercial General Liability Coverages / Fire Damage
- Commercial General Liability Coverages / Supplementary Payments
- Elements of Commercial General Liability
- Elements of Commercial General Liability / Conditions
- Elements of Commercial General Liability / Definitions
- Elements of Commercial General Liability / Exclusions
- Occurrence versus Claims-Made
- Claims-Made Features
- Claims-Made Features / Trigger
- Claims-Made Features / Retroactive Date
- Claims-Made Features / Prior Acts
- Claims-Made Features / Extended Reporting Periods
- Claims-Made Features / Claim Information
- Commercial General Liability Exposures
- Commercial General Liability Exposures / Premises and Operations
- Commercial General Liability Exposures / Products and Completed Operations
- Commercial General Liability Exposures / Contractual Liability
Commercial Crime (3%)
- Definitions
- Insuring Agreements
- Coverage form Classifications (types of coverage forms only)
Workers' Compensation Insurance (10%)
- Definitions
- Coverages
- Coverages / Workers' Compensation Insurance
- Coverages / Employers Liability Insurance
- Coverages / Other States Insurance
- Benefits
- Benefits / Death
- Benefits / Medical
- Benefits / Survivor
- Benefits / Rehabilitation
- Benefits / Lost Wages
- Levels of Disability
- Levels of Disability / Permanent Partial
- Levels of Disability / Permanent Total
- Levels of Disability / Temporary Partial
- Levels of Disability / Temporary Total
- Levels of Disability / Impairment Rating
- Accident versus Occupational Disease and Illness
- Federal Laws
- Federal Laws / Federal Employers Liability Act (FELA)
- Federal Laws / Jones Act
- Federal Laws / Longshore and Harbor Workers' Compensation Act
- Federal Laws / Migrant Farm Workers
- Rating and Job Classification
- Rating and Job Classification / Experience Rating
- Rating and Job Classification / Premium Basis
- Claim Reporting Procedures
Other Types of Casualty Insurance (4%)
- Specialty Liability Insurance
- Specialty Liability Insurance / Directors and Officers
- Specialty Liability Insurance / Professional/Errors and Omissions
- Specialty Liability Insurance / Employment Practices
- Specialty Liability Insurance / Employee Benefits
- Specialty Liability Insurance / Internet Liability and Network Protection
- Surety Bonds
- Surety Bonds / Types
- Surety Bonds / Parties to a Bond
- Personal, Commercial Umbrella, and Excess Policies
- Personal, Commercial Umbrella, and Excess Policies / Underlying Limits
- Personal, Commercial Umbrella, and Excess Policies / Self-Insured Retention
- Personal, Commercial Umbrella, and Excess Policies / Defense Costs
- Personal, Commercial Umbrella, and Excess Policies / Follow Form
Examination sources
- PSI — Louisiana Casualty Series 105 Content Outline
Page 1, examination content outline heading
- PSI — Louisiana Casualty Series 105 Content Outline
Page 1, outline effective date
- PSI — Louisiana Candidate Information Bulletin
Page 7, individual examination content outlines
- PSI — Louisiana Casualty Series 105 Content Outline
Published section s1 — Louisiana Insurance Regulation
- PSI — Louisiana Casualty Series 105 Content Outline
Published section s2 — Licensing and Regulation
- PSI — Louisiana Casualty Series 105 Content Outline
Published section s3 — General Insurance Concepts
- PSI — Louisiana Casualty Series 105 Content Outline
Published section s4 — Casualty Insurance Basics
- PSI — Louisiana Casualty Series 105 Content Outline
Published section s5 — Personal Automobile Policy
- PSI — Louisiana Casualty Series 105 Content Outline
Published section s6 — Commercial Automobile Policy
- PSI — Louisiana Casualty Series 105 Content Outline
Published section s7 — Commercial General Liability
- PSI — Louisiana Casualty Series 105 Content Outline
Published section s8 — Commercial Crime
- PSI — Louisiana Casualty Series 105 Content Outline
Published section s9 — Workers' Compensation Insurance
- PSI — Louisiana Casualty Series 105 Content Outline
Published section s10 — Other Types of Casualty Insurance
- PSI — Louisiana Casualty Series 105 Content Outline
Page 1, scored questions, passing score and duration
- PSI — Louisiana Candidate Information Bulletin
Page 7, experimental questions
- PSI — Louisiana Candidate Information Bulletin
Page 7, test question screen
- PSI — Louisiana Candidate Information Bulletin
Page 1, examination required per license type — Series 105
- PSI — Louisiana Candidate Information Bulletin
Page 2, examination payment and scheduling
- PSI — LA Casualty Series 105 Test Details
Available Tests, examination name