Exam (elaborations)
2024 LIFE AND HEALTH INSURANCE EXAM PART 1 WITH VERIFIED SOLUTIONS
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2024 LIFE AND HEALTH INSURANCE EXAM PART 1 WITH VERIFIED SOLUTIONS
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2024 LIFE AND HEALTHINSURANCE EXAM PART 1 WITH
VERIFIED SOLUTIONS
What are the requirements that you must meet in order to obtain an Indiana
Insurance Producer's license? - CORRECT ANSWERS-Make application with
the department of insurance, pass the licensing exam given by the
commissioner or person's selected by commissioner, complete an approved
pre licensing course
Life Insurance Solicitation - CORRECT ANSWERS-Ensures purchasers of life
insurance are given enough information to evaluate a policy's cost relative to
similar life insurance policies
Whole Life - CORRECT ANSWERS-Insurance Company must provide a
prospective life insurance purchaser with Buy's Guide and Policy Summary.
Rule 39, Aids Underwriting - CORRECT ANSWERS-Requiring AIDS testing as
part of underwriting process to assess risk.
Rule 48 - CORRECT ANSWERS-Terminal illness, permanent institutionalization
and medical conditions that will shorten insured's life will trigger accelerated
death benefits
Accelerated Death Benefits - CORRECT ANSWERS-Benefits that have been
paid act as a lien (the right to possess property) against the death benefit.
Living Benefit Agreements - CORRECT ANSWERS-Can also be referred to as
Vatical Settlement Contracts.
Consideration - CORRECT ANSWERS-Something of value (money, promises,
property or services)
Concealment - CORRECT ANSWERS-Failure to fully disclose all pertinent
information. Hiding the truth.
Misrepresentations - CORRECT ANSWERS-Overtant Lies
Unlicensed Producer - CORRECT ANSWERS-You are employed by an Indiana
insurance agency to talk to perspective clients about your company's
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