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Indiana Life & Health Insurance Exam Review with 100% Verified Questions and Answers.
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Indiana Life & Health Insurance Exam Review with 100- Verified Questions and Answers.
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Indiana Life & Health Insurance Exam Reviewwith 100% Verified Questions and Answers
An .individual .applies .for .a .life .policy. .Two .years .ago .he .suffered .a .head .injury .from .an .accident, .so .
he .cannot .remember .parts .of .his .past, .but .is .otherwise .competent. .He .has .also .been .hospitalized .fo
r .drug .abuse, .but .does .not .remember .this .when .applying .for .insurance. .The .insurer .issues .the .polic
y .and .learn .of .his .history .one .year .later. .What .will .probably .happen?
a) .The .policy .will .be .voided
b) .The .insurer .will .sue .the .insured .for .committing .fraud
c) .Because .the .insured .is .currently .not .a .drug .user, .his .policy .will .not .be .affected
d) .The .policy .will .not .be .affected .- .(correct .answer) .-d) .The .policy .will .not .be .affected
A .new .insurance .company .wants .to .begin .conducting .insurance .in .Indiana. .What .will .it .need .to .rece
ive .before .it .can .legally .open .for .business? .- .(correct .answer) .-Certificate .of .Authority
How .many .days .after .a .final .disposition .must .an .insurance .producer .report .administrative .action .or .
criminal .prosecution .to .the .Director? .- .(correct .answer) .-30 .days
An .insured .pays .$1,200 .annually .for .her .life .insurance .premium. .The .insured .applies .this .year's .
$300 .worth .of .accumulated .dividends .to .the .next .year's .premium, .thus .reducing .it .to .
$900. .What .option .does .this .describe? .- .(correct .answer) .-Reduction .of .Premium
Certain .conditions, .such .as .dismemberment .or .total .and .permanent .blindness, .will .automatically .qua
lify .the .insured .for .full .disability .benefits. .Which .disability .policy .provision .does .this .describe? .- .
(correct .answer) .-Presumptive .disability
Which .of .the .following .does .the .Insuring .Clause .NOT .specify?
a) .The .insurance .company
, b) .The .name .of .the .insured
c) .A .list .of .available .doctors
d) .Covered .perils .- .(correct .answer) .-c) .A .list .of .available .doctors
How .long .is .an .open .enrollment .period .for .Medicare .supplement .policies? .- .(correct .answer) .-
6 .months
What .is .the .maximum .period .that .an .insurer .would .pay .benefits .in .accordance .with .an .Additional .
Monthly .Benefit .rider? .- .(correct .answer) .-1 .year
In .which .of .the .following .locations .would .skilled .care .most .likely .be .provided? .- .(correct .answer) .-
In .an .institutional .setting
When .transacting .business .in .this .state .an .insurer .formed .under .the .laws .of .another .country .is .kno
wn .as .an: .- .(correct .answer) .-Alien .insurer
Which .of .the .following .is .NOT .an .enrollment .period .for .Medicare .Part .A .applicants?
a) .Special .enrollment
b) .General .enrollment
c) .Automatic .enrollment
d) .Initial .enrollment .- .(correct .answer) .-Automatic .enrollment
Which .type .of .life .insurance .policy .generates .immediate .cash .value? .- .(correct .answer) .-
Single .premium
What .characteristics .must .an .annuity .have .if .it .is .used .to .accumulate .funds .in .an .IRA? .- .
(correct .answer) .-Tax-qualified
All .of .the .following .are .unfair .claims .settlement .practices .EXCEPT:
a) .Suggesting .negotiations .in .settling .the .claim
b) .Refusing .to .pay .claims .without .conducting .a .reasonable .investigation
c) .Failing .to .adopt .and .implement .reasonable .standards .for .settling .claims
d) .Failing .to .acknowledge .pertinent .communication .pertaining .to .a .claim .- .(correct .answer) .-
a) .Suggesting .negotiations .in .settling .the .claim
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