Louisiana Examination for Life Insurance - Series 101 (Life Producer)
The Louisiana life insurance exam.
The Louisiana life insurance exam is 100 scored questions, in 120 minutes, passing at 70%, $36 per attempt, administered by PSI Exams. We sell study materials and practice exams for it, written from the official Louisiana outline. The first questions are free, and the full License Pass is $149, yours until you pass. Below are the licensing steps, exactly what the exam covers, and free practice questions written to this state's outline.
At a glance
| Exam | Louisiana Examination for Life Insurance - Series 101 (Life Producer) |
| Scored questions | 100 |
| Pretest questions | varies |
| Time limit | 120 minutes |
| Passing score | 70% correct |
| Exam fee | $36 |
| Testing vendor | PSI Exams |
| Retake rules | Cannot rebook the same day as a failed attempt; may call/schedule the next day and retest as soon as the day after that, subject to seat availability. Full exam fee applies to each retake. |
| Prelicensing education | not required for the life line |
Verified against official PSI Exams materials, Series 101 content outline effective 2/10/2016; linked from the PSI Louisiana DOI Candidate Information Bulletin updated 1/1/2025 (https://test-takers.psiexams.com/api/content/bulletin/4080). Specs change; confirm when you register.
How to get your Louisiana life insurance license
- 1
Meet the basics
Be 18 or older and able to pass the background screening. Louisiana handles licensing through the NIPR system like most states.
- 2
Study the exam outline
Louisiana does not require prelicensing education for the life line, so your preparation is the whole game. Study the official outline below and drill practice questions until every section holds.
- 3
Book the exam with PSI Exams
Register at PSI Exams, pick a test center or online proctoring where offered, and pay the $36 exam fee.
- 4
Pass the exam
Walk in knowing the format, 100 scored questions in 120 minutes, passing at 70%. About 62% of first-time life exam takers pass nationally (NAIC, latest published data).
- 5
Apply for the license and get appointed
Submit the license application (fingerprints where required), then get appointed with carriers so you can write business.
What the Louisiana exam covers
From the official exam outline, each section's share of the exam and how many of the 100 scored questions it earns.
| Section | Weight | Questions |
|---|---|---|
| Louisiana Insurance Regulation | 10% | 10 questions |
| Licensing and Regulation | 2% | 2 questions |
| General Insurance Concepts | 10% | 10 questions |
| Life Insurance Basics | 16% | 16 questions |
| Types of Life Insurance Policies | 17% | 17 questions |
| Life Insurance Policy Provisions, Options, and Riders | 26% | 26 questions |
| Annuities | 11% | 11 questions |
| Federal Tax Considerations for Life Insurance | 8% | 8 questions |
Free Louisiana practice questions
Original questions written to the Louisiana outline, the same bank our students drill. Tap a question to check the answer.
Question 1What is the key difference between a producer license and a business entity (agency) license in Louisiana?
- A. A business entity license is issued to a firm, which must have a designated licensed producer responsible for compliance
- B. A business entity license replaces the need for any individual to be licensed
- C. A business entity license is only for out-of-state companies
- D. A business entity license allows unlicensed employees to sell insurance freely
Show the answer
Answer: A
A business entity license is issued to a firm and requires a designated responsible licensed producer to ensure compliance. It does not eliminate the need for individuals within the firm to be properly licensed. It is not limited to out-of-state companies. It does not permit unlicensed employees to sell insurance.
La. R.S. 22:1548 (business entity license and designated responsible producer)
Question 2The Commissioner suspects an insurer is not keeping enough money to pay future claims and orders a financial review of its books. This action is best described as which regulatory function?
- A. An examination to monitor insurer solvency
- B. A criminal prosecution of the insurer's officers
- C. A replacement transaction review
- D. A free look enforcement action
Show the answer
Answer: A
Reviewing an insurer's financial condition to ensure it can meet obligations is a solvency examination, a key duty of the Commissioner. Criminal prosecution is handled by prosecutors, not through a financial examination. A replacement review concerns swapping one policy for another, not insurer finances. Free look enforcement deals with a policyholder's right to return a new policy, which is unrelated.
La. R.S. Title 22 (Commissioner solvency and examination authority)
Question 3A company licensed in Louisiana but organized under the laws of Texas is classified in Louisiana as which type of insurer?
- A. A foreign insurer
- B. A domestic insurer
- C. An alien insurer
- D. An unauthorized insurer
Show the answer
Answer: A
An insurer organized in another US state is a foreign insurer in Louisiana. A domestic insurer is one organized in Louisiana. An alien insurer is organized in another country. It is not unauthorized here because it is licensed in Louisiana.
La. R.S. 22:46 (domestic, foreign, and alien insurer definitions)
Question 4How does an unfair method tied to compensation differ from a lawful commission for a Louisiana producer?
- A. A lawful commission is paid to a licensed and appointed producer for placed business, while paying an unlicensed person for a sale is prohibited
- B. Both are always legal if disclosed to the client
- C. A commission is illegal but a referral bonus is always legal
- D. There is no legal difference between the two
Show the answer
Answer: A
Compensation is lawful when paid to a producer who is licensed for the line and properly appointed for business actually placed. Paying an unlicensed person for selling or soliciting is prohibited regardless of disclosure. It is not true that all compensation is legal if disclosed, nor that commissions are illegal while bonuses are always fine, and there is a real legal difference based on licensure.
La. R.S. Title 22, producer compensation and payment to unlicensed persons
Question 5Agent Kevin convinces a client to drop her existing policy and buy a new one by misrepresenting the terms of both policies. This conduct is best classified as which unfair practice?
- A. Rebating
- B. Twisting, a form of misrepresentation
- C. Coercion
- D. Defamation
Show the answer
Answer: B
Twisting is inducing a policyholder to replace a policy through misrepresentation or incomplete comparison, and it falls under prohibited misrepresentation. Rebating is offering value to induce a sale. Coercion is forcing a business decision. Defamation targets a competitor's reputation. The key here is the misleading persuasion to replace, which is twisting.
La. R.S. 22:1964 (misrepresentation, including twisting)
Take the free Louisiana practice test, every question with the answer and the explanation
Louisiana exam FAQs
How many questions are on the Louisiana life insurance exam?
100 scored questions, with 120 minutes on the clock.
What score passes the Louisiana exam?
You need 70% to pass.
How much does the Louisiana life insurance exam cost?
The exam fee is $36 per attempt, paid to PSI Exams. Licensing application and fingerprint fees are separate.
What happens if I fail the Louisiana exam?
Cannot rebook the same day as a failed attempt; may call/schedule the next day and retest as soon as the day after that, subject to seat availability. Full exam fee applies to each retake. About 62% of first-time life exam takers pass nationally (NAIC, latest published data). Failing once is common, and the fix is drilling the sections your score report names.
Does Louisiana require prelicensing education before the exam?
No. Louisiana does not require prelicensing education for the life line, which means how you study is up to you and practice exams carry more of the load.
What RingReady is, and is not
RingReady sells study materials and practice exams for the life insurance licensing exam. We are not a state-approved prelicensing education provider, and practicing here does not by itself satisfy any state's education requirement.
If your state requires prelicensing education, you must complete it with an approved provider; your state insurance department publishes the approved list. What we do is make sure that when you sit down for the real exam, the questions feel familiar.
Practice the Louisiana exam until it feels familiar.
Practice questions written to every section of the outline above, full timed practice exams matched to the real format (100 questions, 120 minutes), and a mastery map that shows what to study next.
A free placement plus free practice questions. No card to start.
Take the free Louisiana practice test · How to pass the exam