100+ Free Louisiana Surplus Lines Practice Questions

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What is a hard market and how does it affect surplus lines?

A market with rising premiums and restricted capacity that drives more business to surplus lines

A market that eliminates the need for surplus lines

A market where surplus lines rates must decrease

A market where only physical assets can be insured

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Free Surplus Lines Insurance Practice Test by State 2026: 2,300+ Questions22 min read

2026 Statistics

Key Facts: Louisiana Surplus Lines Exam

65-75%

First-Time Pass Rate

Industry Data

70%

Passing Score

Louisiana DOI

Exam Questions

Series 112

60 min

Exam Duration

PSI

$45

Exam Fee

PSI

P&C Required

Prerequisite

Louisiana DOI

Louisiana requires surplus lines brokers to pass the Series 112 exam administered by PSI covering E&S markets, state-specific surplus lines law, diligent search, and tax compliance. You must hold a current Louisiana P&C producer license to qualify.

Sample Louisiana Surplus Lines Practice Questions

Try these sample questions to test your Louisiana Surplus Lines exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1What is the primary purpose of surplus lines insurance?

A.To provide coverage for risks that the admitted market cannot or will not insure

B.To offer lower premiums than standard market insurance

C.To replace the admitted market for all commercial risks

D.To provide government-backed coverage for uninsurable risks

Explanation: Surplus lines insurance exists to provide coverage for risks that admitted carriers cannot or will not insure due to their unique, hazardous, or hard-to-place nature. The surplus lines market acts as a safety valve ensuring coverage availability when the standard admitted market falls short.

2What is the Louisiana surplus lines broker exam designation?

A.Series 112

B.Series 200

C.Series 6

D.Series 7

Explanation: The Louisiana surplus lines broker exam is designated as Series 112 by the Louisiana Department of Insurance. This exam is administered by PSI and consists of 50 scored questions with a 60-minute time limit and a 70% passing score requirement.

3What is Lloyd's of London?

A.An insurance marketplace where syndicates underwrite and share risks

B.A single insurance company based in London

C.A British government regulatory body for insurance

D.A reinsurance company that backs all surplus lines policies

Explanation: Lloyd's of London is not an insurance company but rather a marketplace where individual syndicates (groups of underwriters) come together to underwrite and share risks. Each syndicate is managed by a managing agent and accepts its own portion of risk on policies placed at Lloyd's.

4What prerequisite must a candidate meet before taking the Louisiana Series 112 surplus lines exam?

A.Hold a current Louisiana Property & Casualty producer license

B.Complete a 40-hour surplus lines pre-licensing course

C.Have at least 3 years of insurance industry experience

D.Obtain a recommendation from the Louisiana Department of Insurance

Explanation: Louisiana requires that Series 112 surplus lines broker exam candidates hold a current Louisiana Property & Casualty producer license. This ensures candidates have foundational insurance knowledge before specializing in surplus lines.

5What is a 'diligent search' in surplus lines insurance?

A.A documented effort to place coverage with admitted insurers before using the surplus lines market

B.A background check on the surplus lines insurer's management

C.A financial audit of the non-admitted insurer's reserves

D.A review of the insured's prior claims history

Explanation: A diligent search is the documented process of attempting to place coverage with admitted (licensed) insurers before turning to the surplus lines market. Louisiana requires brokers to demonstrate that the coverage was declined by the admitted market before placing it with a non-admitted insurer.

6What is the passing score for the Louisiana Series 112 exam?

A.70%

B.65%

C.75%

D.77%

Explanation: The Louisiana Series 112 surplus lines broker exam requires a 70% passing score. With 50 scored questions, you need at least 35 correct answers to pass. The exam has a 60-minute time limit.

7What is an 'alien insurer' in surplus lines terminology?

A.An insurer domiciled outside the United States

B.An insurer operating without any license in any state

C.A foreign insurer domiciled in another U.S. state

D.An insurer that only writes policies for non-U.S. citizens

Explanation: An alien insurer is one domiciled outside the United States, such as Lloyd's of London syndicates or European insurance companies. This is distinct from a 'foreign' insurer which is domiciled in another U.S. state. Alien insurers face additional eligibility requirements including U.S. trust fund maintenance.

8Which entity administers the Louisiana Series 112 surplus lines broker exam?

A.PSI

B.Pearson VUE

C.Prometric

D.The Louisiana Department of Insurance directly

Explanation: Louisiana uses PSI as its testing vendor for the Series 112 surplus lines broker exam. PSI operates testing centers throughout Louisiana and nationally. The exam costs $45 and candidates register through PSI's candidate portal.

9What is the Nonadmitted and Reinsurance Reform Act (NRRA)?

A.Federal legislation that established the home state rule for surplus lines taxation

B.A Louisiana state law requiring surplus lines broker registration

C.An international treaty governing Lloyd's operations in the U.S.

D.A regulation prohibiting alien insurers from writing surplus lines

Explanation: The NRRA, enacted as part of the Dodd-Frank Act in 2010, established that the insured's home state has sole regulatory authority over surplus lines taxation. This eliminated the complex multi-state tax allocation that previously existed when risks spanned multiple state lines.

10How many scored questions are on the Louisiana Series 112 exam?

A.50

B.60

C.75

D.100

Explanation: The Louisiana Series 112 surplus lines broker exam has 50 scored questions. With a 70% passing requirement, you need at least 35 correct answers. The exam has a 60-minute time limit, giving you slightly more than one minute per question.

About the Louisiana Surplus Lines Exam

The Louisiana Surplus Lines Broker exam (Series 112) tests your knowledge of surplus lines markets, Louisiana surplus lines law, diligent search requirements, premium taxation, and compliance obligations. Candidates must hold a current Louisiana P&C producer license. The exam consists of 50 scored questions with a 60-minute time limit and 70% passing score.

Questions

50 scored questions

Time Limit

60 minutes

Passing Score

70%

Exam Fee

$45 (PSI)

Louisiana Surplus Lines Exam Content Outline

30%

Surplus Lines Markets

Lloyd's of London, London market syndicates, alien insurers, domestic surplus lines carriers, market access, and placement procedures

25%

Louisiana Surplus Lines Law

Louisiana Insurance Code surplus lines provisions, Department of Insurance regulations, Series 112 content areas, and broker responsibilities

20%

Diligent Search & Eligibility

Louisiana diligent search documentation, declination requirements, eligible surplus lines insurer qualifications, and non-admitted insurer standards

25%

Taxation & Compliance

Louisiana surplus lines premium tax rates, stamping office procedures, reporting deadlines, record-keeping requirements, and penalties for violations

How to Pass the Louisiana Surplus Lines Exam

What You Need to Know

Passing score: 70%
Exam length: 50 questions
Time limit: 60 minutes
Exam fee: $45

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

Louisiana Surplus Lines Study Tips from Top Performers

1Know the Series 112 exam format — 50 scored questions, 60 minutes, 70% passing score with no pretest items on the Louisiana exam

2Focus on Louisiana Department of Insurance surplus lines regulations and how they differ from other states

3Master the diligent search process including documentation requirements and declination standards

4Learn the structure of Lloyd's of London including syndicates, managing agents, and the unique Lloyd's policy structure

5Understand Louisiana surplus lines premium tax rates, stamping office procedures, and reporting deadlines

6Study the NRRA home state taxation rule and how it changed multi-state surplus lines tax collection

Frequently Asked Questions

What is the Louisiana surplus lines Series 112 exam?

Series 112 is the Louisiana Department of Insurance designation for the surplus lines broker exam. It is administered by PSI, costs $45, has 50 scored questions, a 60-minute time limit, and requires a 70% passing score. You must hold a current Louisiana P&C producer license to take the exam.

How many questions are on the Louisiana surplus lines exam?

The Louisiana Series 112 surplus lines exam has 50 scored questions. You have 60 minutes to complete the exam, and you need a score of 70% or higher (at least 35 correct answers) to pass.

What topics does the Louisiana surplus lines exam cover?

The exam covers four main areas: surplus lines markets and operations (Lloyd's, alien insurers), Louisiana surplus lines law and regulations, diligent search requirements and insurer eligibility, and surplus lines taxation and compliance including premium tax and reporting obligations.

What is a diligent search in Louisiana surplus lines?

A diligent search is the documented process of attempting to place coverage with admitted (licensed) insurers before placing it with a surplus lines carrier. Louisiana requires brokers to demonstrate that the coverage was declined by the admitted market before using a non-admitted insurer.

How does the NRRA affect Louisiana surplus lines?

The Nonadmitted and Reinsurance Reform Act (NRRA) established that only the insured's home state can regulate surplus lines taxation. For Louisiana, this means the state collects surplus lines premium tax on policies where the insured's home state is Louisiana, regardless of where the risk is located.

How long should I study for the Louisiana surplus lines exam?

Most candidates study 20-40 hours over 2-4 weeks. Focus on Louisiana-specific surplus lines statutes, diligent search procedures, premium tax requirements, and the structure of surplus lines markets including Lloyd's of London and alien insurers.