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INDIANA LIFE & HEALTH
INSURANCE EXAM QUEST IONS
WITH ANSWERS (ALL AN SWERS
CORRECT)
Question : How many days is a temporary producers
license valid?30 60 90 180
CORRECT ANSWER : 180
Question : In Indiana, the maximum fine the the
commissioner can impose on a producer or company who violates a cease and desist order is___per violation?
$10,000
$15,000
$20,000
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$25,000
CORRECT ANSWER : $25,000
Question : Which of these is an example of twisting?
A producer maliciously aligns another insurance company's financial status A producer misrepresents a policy to induce a policyowner to surrender an existing policy A producer reduces the commission in order to sell a policy A producer induces a policyowner with something of value to purchase a policy
CORRECT ANSWER : A producer misrepresents a
policy to induce a policyowner to surrender an existing policy
Question : Which of the following is a requirement to
obtain a nonresident producer license in Indiana?
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Maintain a specific sales quota in resident state Own real estate in Indiana Be licensed as a producer in the producer's state of domicile Pass a special examination for nonresident producers
CORRECT ANSWER : Be licensed as a producer in the
producer's state of domicile
Question : P is a producer who is licensed in Indiana, but
a resident of Michigan. In Indiana , P is considered to be a____Producer?Nonresident Foreign Alien Reciprocal
CORRECT ANSWER : Nonresident
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Question : If an existing Accident and Health policy is
being replaced with a new policy, the decision to replace should not be based on?Waiting Periods Commissions to be Paid Exclusion and Limitations Underwriting Requirements
CORRECT ANSWER : Commissions to be Paid
Question : A domestic insurance company in Indiana
must?Be organized under Indiana insurance laws Own real estate in Indiana Write insurance on risks located only in Indiana Honor the charter of the NAIC
CORRECT ANSWER : Be organized under Indiana
insurance laws