Definitions Flashcards

1
Q

Same definition as set forth in RS 22:46

A

Authorized insurer and/or insurer

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2
Q

Limited liability company, partnership, other legal entity

A

Business entity

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3
Q

Fee paid to an insurance producer

A

Commission

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4
Q

Any state or territory of the United States insurance producer maintains principal place of residence, business is licensed to act insurance producer

A

Home state

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5
Q

Any lines of authority as specified in RS 22:1547

A

Insurance

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6
Q

Person required to be licensed

A

Insurance producer

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7
Q

Document issued by commissioner of insurance

A

License

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8
Q

Credit life defined in RS 22:47 and RS 6:969.6 disability,property, unemployment, mortgage. commissioner determines limited line credit insurance

A

Limited line credit insurance

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9
Q

Insurance producer who sells, solicits or negotiates limited line credit insurance coverage

A

Limited line credit insurance producer

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10
Q

Any authority granted by the commissioner of insurance which restricts the authority of the licensee

A

Limited lines insurance

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11
Q

Insurance producer authorized by the commissioner to sell, solicit, negotiate limited lines insurance

A

Limited lines producer

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12
Q

NAIC

A

National association of insurance commissioner

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13
Q

Confer directly with or to offer advice directly to a purchaser

A

Negotiate

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14
Q

Natural or artificial legal entity

A

Person

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15
Q

Exchange a contract of insurance

A

Sell

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16
Q

Attempt to sell insurance

A

Solicit

17
Q

Insurance producer who solicits with an insurance company not licensed to do business in this state

A

Surplus lines broker

18
Q

Cancel the relationship

A

Terminate

19
Q

Line of insurance RS 22:1782.I(3)

A

Travel insurance

20
Q

NAIC uniform application for resident and nonresident producer licensing

A

Uniform application

21
Q

NAIC uniform business entity application resident and nonresident business entities

A

Uniform Business Entity Application

22
Q

Security given to assure defendant’s appearance court

A

Bail

23
Q

Personal appearance before the court, charges are pending

A

Appearance

24
Q

Detention of the defendant, the surety by the officer

A

Surrender

25
Q

Detention of the defendant, another parish of the state of Louisiana or foreign jurisdiction

A

Constructive surrender

26
Q

Issued for the defendant

A

Warrant for arrest

27
Q

Proof of the defendant’s current incarnation to the court

A

The surety

28
Q

Officer costs of returning the defendant where warrant was issued

A

Surety has paid

29
Q

Owns property in the statement subject to seizure. Shall not charge a fee or receive any compensation for posting a bail undertaking.

A

Personal surety