INDIANA LIFE AND HEALTH RULES AND
REGULATIONS EXAM
- ANS-Frequency of Fiscal examinations
- ANS-Insurance Company: Producer appointments and termination
- ANS-Waiving examinations for foreign and alien companies
. It is a public-private partnership—pairing State government with private long term care
insurance companies. - ANS-Indiana long term care insurance partnership program
"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
• Appointment by Governor
• Member of NAIC - ANS-Insurance Commissioner
10 days to review and examine policy - ANS-Life insurance Free look
According to Indiana law, controlled business is limited to - ANS-imited to 25% of the Producer's
commissions income in a twelve-month period.
An applicant is found to have Autoimmune Deficiency Syndrome during the underwriting
process of a Life Insurance policy. Which information may be revealed by the insurance
company to the Medical Information Bureau - ANS-If an applicant's HIV antibody test comes
back as positive, the results reported to the MIB will indicate that the applicant had abnormal
test results.
an examination of every insurer must be conducted? - ANS-at least once every 5 years
An insurer from any state other than indiana - ANS-Foreign Insurance Company
, An insurer who receives a written notice of complaint from the commissioner - ANS-Within
twenty (20) business days from the date of receipt of the complaint, the insurer shall provide to
the commissioner and the complaining party a written report to the commissioner
another word for provision - ANS-RIDER
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
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
Business over which an agent is able to exercise his or her personal influence. Generally, such
business includes the agent's company, employees and immediate family. Most states limit the
amount of this which may be written by an agent. - ANS-Controlled Business
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?
considered to be a violation of the Unfair Competition Law? - ANS-Unfair discrimination
Employers that employ fewer than _______ are exempt from COBRA requirements - ANS-20
first two years of a policy - ANS-contestable period
for individuals up to age 19, falls under the Hoosier Healthwise Package C program. In CHIP,
your child may be covered by paying a low-cost monthly premium. This option is available to
members who may earn too much money to qualify for the standard Hoosier Healthwise
coverage. - ANS-Children's Health Insurance Program
Free look on a LTC policy - ANS-30 days
frequency of Fiscal examinations? - ANS-once a year
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