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Indiana Life and Health Insurance State Exam (Part 2) Questions & 100% Verified Correct Answers with complete solutions (Latest update $7.99   Add to cart
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Indiana Life and Health Insurance State Exam (Part 2) Questions & 100% Verified Correct Answers with complete solutions (Latest update

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Indiana Life and Health Insurance State Exam (Part 2) Questions & 100% Verified Correct Answers with complete solutions (Latest update

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  • August 14, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • indiana life and health insurance state exam part

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  • Insurance
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Indiana Life and Health Insurance State Exam (Part
2)
Modify a provision in the insurance contract - ANS-Which of these is NOT considered to be a
right given to a policyowner?

Free-look period has expired - ANS-M completes an application for life insurance but does not
pay the initial premium. All of these actions must occur before M's policy goes into effect,
EXCEPT:

Convert term coverage to a whole life policy - ANS-Which of these actions does NOT constitute
life insurance policy replacement?

Determine if the applicant is an acceptable risk by completing standard underwriting procedures
- ANS-An agent takes an Individual Disability Income application, collects the appropriate
premium, and issues the prospective insured a conditional receipt. The next step the insurance
company will take is to:

hold a Life Insurance license and a Securities license - ANS-Variable Life products require a
producer to

Home health care - ANS-Which of the following will a Long Term Care Plan typically provide
benefits for?

Policyowner - ANS-Who has the right to change a revocable beneficiary?

Full time employees after the probationary period - ANS-Which of the following employees may
NOT be excluded from a group life plan?

Waiting Period - ANS-The provision in a Group health policy that allows the insurer to postpone
coverage for a covered illness 30 days after the policy's effective date is referred to as the:

Fair Credit Reporting Act - ANS-Which Federal law allows an insurer to obtain an inspection
report on a potential insured?

30 - ANS-ABC Insurance Company fails to pay death proceeds after satisfactory proof of loss
was submitted. ABC must begin paying interest on the death proceeds after ____ days of
receiving proof of loss.

Leukemia - ANS-Which of the following situations does a Critical Illness plan cover?

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