Louisiana § RS 22:1545 - Examination

§ RS 22:1545. Examination

            A. Prior to the issuance of a license by the commissioner, a resident individual shall pass an examination for each line of insurance that an applicant seeks to transact in Louisiana unless exempt pursuant to R.S. 22:1551. 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. The applicant shall pass the examination if he achieves a score of at least seventy percent. Examinations required by this Section shall be developed and conducted under rules and regulations prescribed by the commissioner.

            B. Repealed by Acts 2016, No. 315, §2, eff. June 2, 2016.

            C. Repealed by Acts 2022, No. 273, §2, eff. June 3, 2022.

            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            F. Repealed by Acts 2009, No. 485, §1, eff. Jan. 1, 2010.

            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.

            I.(1) The commissioner of insurance shall prepare, publicly announce, and publish a report that summarizes statistical information relating to life insurance producer examinations administered during the preceding calendar year. Each report shall include the following information for all examinees combined and separately by gender, race or ethnicity, race or ethnicity within gender, education level, and native language:

            (a) The total number of examinees.

            (b) The percentage and number of examinees who passed the examination.

            (c) Standard deviation of scaled scores on the examination.

            (2) The commissioner of insurance shall prepare and make available upon request a report of summary statistical information relating to each life insurance test form administered during the preceding calendar year. The report shall show, for each test form, for all examinees combined and separately for African-American examinees, American Indian examinees, Hispanic examinees, white examinees, and other examinees, the correct-answer rate and correlations.

            (3) The reports referred to in Paragraphs (1) and (2) of this Subsection shall be published no later than May first of the current year.

            J. The commissioner of insurance may provide to a testing service provider under contract with the Department of Insurance any demographic information received by the department on applications relating to examinations taken to qualify for an insurance producer license if the commissioner requires the provider to review and analyze examination results in conjunction with the education level, gender, native language, race, or ethnicity of examinees.

            Acts 2001, No. 158, §1, eff. Jan. 1, 2002; Acts 2008, No. 385, §1, eff. July 1, 2008; Redesignated from R.S. 22:1135 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 485, §§1, 3, eff. Jan. 1, 2010; Acts 2011, No. 94, §1, eff. Jan. 1, 2012; Acts 2016, No. 315, §§1, 2, eff. June 2, 2016; Acts 2020, No. 310, §1, eff. Jan. 1, 2021; Acts 2022, No. 273, §2, eff. June 3, 2022.