Exam (elaborations)
Indiana laws and Rules
- Course
- Institution
Indiana laws and Rules
[Show more]
Seller
Follow
topgradesdr
Content preview
Indiana laws and Rules-Group life coverage can be converted to an individual policy at regular rates on an attained-age
basis - ANS-Which of the following is a standard provision of the conversion privileges in a
group life policy?
-group life coverage can only be converted if the employer pays for the individual policy
-Group life coverage can normally be converted to an individual policy within six months
-Group live coverage can Only be converted by providing evidence of insurability
-Group life coverage can be converted to an individual policy at regular rates on an attained age
basis
31 days - ANS-In the event of employment termination, a person covered by a group policy also
has the right to convert such coverage to an individual policy within ____ days without proving
insurability.
producer - ANS-The _____ Must provide an insured with proper disclosure concerning the
replacement of a life insurance policy.
The premium cost for basic coverage applied for. - ANS-When a life insurance application is
completed, a policy summary must be given to the applicant. The policy summary MUST include
require evidence of insurability - ANS-According to Indiana law, group life insurance conversion
privileges must NOT:
Producer - ANS-Existing life insurance policy has been replaced by a new one. I notice of
replacement must be provided by the _______ to be signed by the applicant.
A transaction in which a new policy as bought an old policy is terminated - ANS-What is
Indiana's definition of life insurance replacement?
Producer represents more than one insurance company - ANS-Which of the following actions by
a producer would NOT result in a license suspension or revocation?
20 - ANS-A person insured under a health policy is required to give the insurance company a
Notice of Claim within how many days after a covered loss?
producer - ANS-According to Indiana law, which party is responsible for determining the
appropriateness of a Long Term Policy presented to a potential Applicant?
, Producer is insolvent - ANS-Which of the following is NOT a reason for the commissioner to
revoke a producer's license?
Medical condition resulting in a significantly-shortened lifespan. - ANS-Life insurance coverage
will frequently contain an accelerated benefits rider attached to the policy. What would be
considered a "qualifying event" under these riders?
Be organized under Indiana insurance laws. - ANS-A domestic insurance company in Indiana
MUST:
funded by admitted insurance companies through assessments. - ANS-The life and health
insurance Guaranty association is:
Every two years - ANS-How often must an insurance producer's license in in Indiana be
renewed?
certificate holder - ANS-an individual covered under a Group Life insurance policy is considered
to be a(n):
The premium is paid. - ANS-P's individual health policy is now in the Grace Period. P's coverage
will remain in force if:
30 days - ANS-According to Indiana law, how long is the right of return for a Long term care
policy?
Misrepresentation - ANS-Convincing a prospective insured to buy an insurance policy based on
exaggerations is considered to be a form of:
Defamation - ANS-And insured distribute public brochures that contain a false statement
regarding a competitors ability to pay claim. This act is considered an example of:
To determine the solvency of the company - ANS-Why was the commission examine the record
of an insurance company?
One mammogram every year for women aged 40 and over - ANS-According to Indiana's
mammography coverage statute, which of these benefits are considered mandatory in every
medical expense policy?
Accidental death and dismemberment - ANS-Which of the following is not a required provision
in a group life policy?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller topgradesdr. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73091 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now