Exam (elaborations)
INDIANA LIFE INSURANCE EXAM Q&A
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INDIANA LIFE INSURANCE EXAM Q&A
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INDIANA LIFE INSURANCE EXAM Q&ACommissioner must examine insurer's every... - Answer-5 years
Commissioner must notify a producer of a hearing on unfair trade practice within... -
Answer-5 days
A hearing must be held after written demand within... - Answer-30 days
After an unfair claims complaint, the company must respond within... - Answer-20 days
To demand a hearing after notice of license denial or non-renewal, a producer has... -
Answer-63 days
The Commissioner must act regarding an unfair claim complaint within... - Answer-10
business days
Violations of Indiana Insurance Code will result in a Class A Misdemeanor, which
carries the penalty of... - Answer-$5k fine and/or one year in jail
Insurers must inform Commissioner that a producer has been terminated within... -
Answer-30 days
Insurers must report new directors/principals to DOI within... - Answer-30 days
Minimum age to apply for an insurance license - Answer-18
Renewal fees are due every ___ years and cost $___? - Answer-2, $40
You have ___ months to reinstate a lapsed license without taking the exam - Answer-12
A producer must notify the Commissioner of a change of address within... - Answer-30
days
How many CE hours/credits are needed for renewal? - Answer-24
A consultant's license is valid for... - Answer-24 months
A temporary license is valid for... - Answer-180 days
A producer is considered delinquent on their child support when they are... - Answer-
$2k or 3mos behind
The maximum amount of controlled business a producer can write is - Answer-25%
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