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Indiana State Life and Health Insurance Exam with 100% Verified Questions and Answers Grade A+ Latest Update 2024.
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Indiana State Life and Health Insurance Exam with 100% Verified Questions and Answers Grade A+ Latest Update 2024.

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  • August 13, 2024
  • 65
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • indiana state life and health insurance exam with

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  • Indiana life insurance
  • Indiana life insurance

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Indiana State Life and Health Insurance Exam with 100%
Verified Questions and Answers Grade A+ Latest Update
2024




How .many .days .is .a .temporary .producers .license .valid?



30

60

90

180 .- .(correct .answer) .-180

In .Indiana, .the .maximum .fine .the .the .commissioner .can .impose .on .a .producer .or .company .who .viol
ates .a .cease .and .desist .order .is___per .violation?



$10,000

$15,000

$20,000

$25,000 .- .(correct .answer) .-$25,000

Which .of .these .is .an .example .of .twisting?



A .producer .maliciously .aligns .another .insurance .company's .financial .status



A .producer .misrepresents .a .policy .to .induce .a .policyowner .to .surrender .an .existing .policy

,A .producer .reduces .the .commission .in .order .to .sell .a .policy



A .producer .induces .a .policyowner .with .something .of .value .to .purchase .a .policy .- .(correct .answer) .-
A .producer .misrepresents .a .policy .to .induce .a .policyowner .to .surrender .an .existing .policy

Which .of .the .following .is .a .requirement .to .obtain .a .nonresident .producer .license .in .Indiana?



Maintain .a .specific .sales .quota .in .resident .state



Own .real .estate .in .Indiana



Be .licensed .as .a .producer .in .the .producer's .state .of .domicile



Pass .a .special .examination .for .nonresident .producers .- .(correct .answer) .-
Be .licensed .as .a .producer .in .the .producer's .state .of .domicile

P .is .a .producer .who .is .licensed .in .Indiana, .but .a .resident .of .Michigan. .In .Indiana ., .P .is .considered .t
o .be .a____Producer?



Nonresident

Foreign

Alien

Reciprocal .- .(correct .answer) .-Nonresident

If .an .existing .Accident .and .Health .policy .is .being .replaced .with .a .new .policy, .the .decision .to .replace
.should .not .be .based .on?




Waiting .Periods

Commissions .to .be .Paid

Exclusion .and .Limitations

,Underwriting .Requirements .- .(correct .answer) .-Commissions .to .be .Paid

A .domestic .insurance .company .in .Indiana .must?



Be .organized .under .Indiana .insurance .laws



Own .real .estate .in .Indiana



Write .insurance .on .risks .located .only .in .Indiana



Honor .the .charter .of .the .NAIC .- .(correct .answer) .-Be .organized .under .Indiana .insurance .laws

Which .of .the .following .is .a .requirement .to .obtain .a .nonresident .producer .license .in .Indiana?



The .producer .must .be .at .least .21 .years .of .age



The .producer's .state .of .residence .must .have .reciprocity .with .Indiana



The .producer .must .be .bonded .in .the .producer's .state .of .domicile



The .producer .must .pass .a .special .examination .for .nonresident .producers .- .(correct .answer) .-
The .producer's .state .of .residence .must .have .reciprocity .with .Indiana

What .is .Indianas .definition .of .Life .insurance .replacement?



A .transaction .in .which .coverage .on .an .existing .policy .is .increased



A .transaction .in .which .group .life .coverage .is .converted .to .an .individual .policy

, A .transaction .in .which .a .new .policy .is .bought .and .an .old .policy .is .terminated



A .transaction .in .which .a .policyowner .reinstates .a .lapsed .policy .- .(correct .answer) .-
A .transaction .in .which .a .new .policy .is .bought .and .an .old .policy .is .terminated

Upon .reaching .the .limiting .age, .a .handicapped .child .can .extend .their .health .insurance .coverage .as .a
.dependent?




Only .if .the .child .is .incapable .of .employment .and .chiefly .dependent .on .the .policyowner



For .up .to .an .additional .10 .years .only



Only .physically .disabled



Only .if .mentally .disabled .- .(correct .answer) .-Only .if .the .child .is .incapable .of .employment .and .chiefly
.dependent .on .the .policyowner


Which .of .the .following .is .not .a .valid .reason .for .the .insurance .commissioner .to .suspend .or .revoke .a
.producers .license? .




Producer .returns .part .of .a .commission .to .client .in .exchange .for .a .sale



Producer .represents .more .than .one .insurance .company



Producer .engages .in .false .advertising



Producer .commingles .premiums .collected .with .a .personal .account .- .(correct .answer) .-
Producer .represents .more .than .one .insurance .company

A .producers .license .may .be .denied, .suspended, .or .revoked .if .the .licensee?

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