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2024 INSURANCE 61 EXAM QUESTION WITH CORRECT ANSWERS
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2024 INSURANCE 61 EXAM QUESTION WITH CORRECT ANSWERS
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2024 INSURANCE 61 EXAMQUESTION WITH CORRECT
ANSWERS
Which statement is TRUE about foreign insurance companies?
a. it does not prohibit the replacement of life insurance policies
b. they must only complete the Indiana pre-licensing education requirements
c. They provide insurance advice for free
d. They can be from a United States territory - CORRECT ANSWERS-· They
can be from a United States territory
What is the MAXIMUM time period a life insurance application can be
backdated?
a. 2 years
b. six months
c. one year
d. 30 days - CORRECT ANSWERS-six month
Which of the following is a consequence of a material misrepresentation on
the insurance
application after a policy has been issued?
a. The face amounts
b. Policy benefits will be reduced
c. Premium will be increased
d. Policy may be rescinded - CORRECT ANSWERS-· Policy may be rescinded
What MUST producers have in order to sell Long Term Care (LTC) insurance
in Indiana?
a. 8 hours of post-licensing education specifically devoted to LTC
b. Ethnic origin of the applicant
c. foreign
d. solicits, offers, or attempts to negotiate a viatical settlement contract with
a Viator - CORRECT ANSWERS-· 8 hours of post-licensing education
specifically devoted to LTC
In Indiana, an applicant's statements made on an application for a health
insurance policy can be
contested
a. 30 days
b. three months
, c. 2 years
d. for up to two years - CORRECT ANSWERS-· For up to two years
Under an individual Medical Expense policy, a newborn child who is
permanently and totally
disabled will be covered:
a. both a buyer's guide and a policy summary
b. the producer
c. for as long as the policy is in force
d. policy may be rescinded - CORRECT ANSWERS-· -for as long as the policy
is in force
The Indiana insurance commissioner may issue a temporary producers
license to:
a. the surviving spouse of a deceased producer for servicing of insurance
business
b. Their coverage for pre-existing conditions is excluded for 15 months
c. The age when dependent children become eligible to buy their own
insurance
d. They must only complete the Indiana pre-licensing education
requirements - CORRECT ANSWERS-· The surviving spouse of a deceased
producer for servicing of insurance business
Which of the following describes the prohibited practice of changing an
insured's Life insurance
policy by misleading the insured?
a. rebating
b. defamation
c. Misrepresentation
d. twisting - CORRECT ANSWERS-· Twisting
Under Indiana law, who is responsible for determining if Long Term Care
converge is appropriate for a client's needs?
a. the face amounts
b. the applicant
c. the insurance company
d. the beneficiary - CORRECT ANSWERS-· The insurance company
Under Indiana Insurance Licensing Law, producers would be considered
delinquent on child
support payments if they are in arrears on payments
a. 2 years
b. for up to 2 years
c. 30 years
d. three months - CORRECT ANSWERS-· Three months
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