2006 Louisiana Laws - RS 22:1135 — Examination

§1135.  Examination

A.  A resident individual applying for an insurance producer license shall pass an examination unless exempt pursuant to R.S. 22:1139.  The examination shall test the knowledge of the individual concerning the lines of authority for which application is made, the duties and responsibilities of an insurance producer, and the insurance laws and regulations of this state.  Examinations required by this Section shall be developed and conducted under rules and regulations prescribed by the commissioner of insurance.

B.(1)  After completion and filing of an application with the commissioner of insurance, the commissioner shall subject each applicant for a license as an insurance producer or limited lines producer to an examination.

(2)  If the applicant is a partnership, corporation, or other business entity, the examination shall be taken by each individual who is to be named in or registered on the license for the partnership, corporation, or other business entity and who is engaged in the sale, solicitation, or negotiation of insurance.

(3)  All the lines of insurance which the applicant proposes to transact under the license applied for shall require an examination to be taken.

(4)  The applicant shall pass the examination with a score at or above the seventieth percentile to indicate a satisfactory knowledge and understanding of lines of insurance for which the applicant seeks qualification.

C.  Any person applying for a license as an insurance producer, prior to taking the examination required by this Part, shall file with the Department of Insurance, in a manner prescribed by the commissioner, certification that the applicant has completed a registered prelicensing program certified by the commissioner pursuant to R.S. 22:1191.  This Subsection shall not apply to any applicant seeking authorization to write industrial fire, fidelity and surety, vehicle physical damage, title, surplus lines, credit life, credit accident and health, credit property and casualty, or variable annuity insurance business only.

D.  All examinations shall be conducted frequently and at a place or places reasonably accessible to all applicants.  The commissioner of insurance may promulgate reasonable rules and regulations providing the procedure for the examinations.

E.  The content of the examination may be outlined in the licensing information handbook provided to applicants by the Department of Insurance, publishers of examination study materials, any prelicensing providers, and others wishing to provide this information.

F.  The commissioner of insurance may appoint an advisory committee for recommendations as to the scope, type, and quality of examinations, as well as the content of study materials, as provided in R.S. 22:1192.

G.  The commissioner may contract, in accordance with R.S. 39:1551 et seq., with one or more private testing services for administering examinations and collecting examination fees.  The commissioner may require that the applicant pay the cost of the examination directly to the testing firm.

H.  A person who fails to appear for the examination as scheduled, or fails to pass the examination, must reapply for an examination and remit all required fees and forms before being rescheduled for another examination.

Acts 2001, No. 158, §1, eff. Jan. 1, 2002.