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INDIANA LIFE AND HEALTH RULES AND REGULATIONS EXAM Questions & 100% Verified Correct Answers with complete solutions (Latest update $7.99   Add to cart
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INDIANA LIFE AND HEALTH RULES AND REGULATIONS EXAM Questions & 100% Verified Correct Answers with complete solutions (Latest update

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INDIANA LIFE AND HEALTH RULES AND REGULATIONS EXAM Questions & 100% Verified Correct Answers with complete solutions (Latest update

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  • August 14, 2024
  • 8
  • 2024/2025
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  • indiana life and health rules and regulations exam

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INDIANA LIFE AND HEALTH RULES AND
REGULATIONS EXAM
• Appointment by Governor
• Member of NAIC - ANS-Insurance Commissioner

responsible for overseeing the Department of Insurance, which regulates insurance companies
operating in Indiana. works to promote improvements to insurance laws and the enforcement of
said laws in Indiana.[ - ANS-Insurance commissioner Duties

Licensed companies receive a _______________________________ to conduct the business
of insurance or operate as a health maintenance organization in the State of Indiana. -
ANS-Certificate of Authority

insurance company is one that is "admitted" by a particular state to do business as an insurance
company. insurance company must conform to the regulations of a particular state's Department
of Insurance. In addition to meeting minimum regulations for admission, admitted carriers must
also file their rates with the state, which the state must approve. One of the benefits of working
with an admitted carrier is that the state has the responsibility to pay an insurer's claims, up to
state-specified limits, in the event of the company's insolvency. - ANS-Admitted company

insurance company ithat doesn't operate under an individual state's insurance laws. As a result,
a non-admitted insurance company doesn't enjoy the benefit of having its claims resolved in the
event of a bankruptcy. - ANS-Non Admitted Insurance Company

insurer is one formed under the laws of this state; - ANS-Domestic Insurance Company

An insurer from any state other than indiana - ANS-Foreign Insurance Company

is one formed under the laws of any country other than a state of the United States. - ANS-Alien
Insurance company

- ANS-Frequency of Fiscal examinations

- ANS-Waiving examinations for foreign and alien companies

Lives in the state in which business is conducted - ANS-Resident Producer

lives in a different state than where business is conducted (No pre-licensing study course or
examination is required. A non-resident license will grant the same scope of authority as
granted by the producer's home state.) - ANS-non resident producer

, under certain circumstances IDOI may issue a temporary insurance producer license for not
more than 180 days if deemed necessary for the servicing of an insurance business in the best
interests of the public. - ANS-temporary producer

are sales agents whose main job is to provide information to people about various insurance
plan options. They provide consultations, discuss fees and set up insurance contracts with
customers - ANS-Consultant

"Limited line credit insurance producer" means a person who sells, solicits or negotiates one or
more forms of limited line credit insurance coverage to individuals through a master, corporate,
group or individual policy. o

Flight
o Baggage
o Title
o Credit
o Funeral Directors - ANS-Limited Lines producer

Chartered Life Underwriter (CLU)
Certified Financial Planner (CFP)
Chartered Financial Consultant (CFC)
Chartered Property and Casualty Underwriter (CPCU)
Certified Insurance Counselor (CIC)
Accredited Advisor in Insurance (AAI)
A Bachelor's Degree in Insurance - ANS-who may act as a producer without a license?

Be at least 18 years of age
Maintain principal place of residence or principal place of business in Indiana
Successfully complete a pre-licensing education program (when required) and an examination
(when required)
Not have committed any act that is a ground for denial, suspension or revocation of a license
Submit the appropriate forms, application, and nonrefundable fees for the desired license.
In - ANS-Producer Qualifications and the licensing process

- ANS-Insurance Company: Producer appointments and termination

STEP 1: IDOI TESTING WEBSITE
STEP 2: REGISTER FOR ACCOUNT
STEP 3: LOGIN
STEP 4: SELECT ASSESSMENT
STEP 5: PAY FOR ASSESSMENT
STEP 6: SCHEDULE FOR ASSESSMENT
Step 7: Take Assessment

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