Indiana State Life and Health Insurance Exam with 100% Verified Questions and Answers Latest 2024/2025
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Course
Indiana State
Institution
Indiana State
Indiana State Life and Health Insurance Exam with 100% Verified Questions and Answers Latest 2024/2025-Indiana State Life and Health Insurance Exam with 100% Verified Questions and Answers Latest 2024/2025-Indiana State Life and Health Insurance Exam with 100% Verified Questions and Answers Latest ...
Indiana State Life and Health Insurance Exam with 100%
Verified Questions and Answers/ Grade A+/ Latest Update
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 violates 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
,Indiana State Life and Health Insurance Exam with 100%
Verified Questions and Answers/ Grade A+/ Latest Update
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 to 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
,Indiana State Life and Health Insurance Exam with 100%
Verified Questions and Answers/ Grade A+/ Latest Update
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
, Indiana State Life and Health Insurance Exam with 100%
Verified Questions and Answers/ Grade A+/ Latest Update
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
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