Exam (elaborations)
Chapter 8_ lesson 4 Indiana laws and rules (1)
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Chapter 8_ lesson 4 Indiana laws and rules (1)
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Chapter 8: lesson 4 Indiana laws and rulesGroup must be formed form a purpose other than obtaining insurance - ANS-Which of the
following is required to be eligible for a group life policy in Indiana?
Producer published malicious and false Information toward another insurance company
producer found guilty of twisting after a hearing, producer offered a client a return of commission
in exchange for a sale. (Can't revoke license for producer is insolvent, Producer represents
more than one insurance company) - ANS-Which of the following is a reason for the
commissioner to revoke a producers license?
12 months - ANS-A long-term care policy sold in Indiana must provide benefits for a minimum of
how many months?
30 days - ANS-A producer must notify the insurance commissioner within __ days of an address
change
Until terminated or withdrawn - ANS-How long does an insurance company appointment remain
in force
A licensed producer with the same type - ANS-With whom may be a producer share
commissions with?
Policy summary and buyers guide - ANS-In Indiana, which of the following must be delivered to
a policy owner upon sale of an individual life insurance policy?
The transaction in which A new policies bought an old policy is terminated - ANS-What is
Indiana's definition Of life insurance replacement?
25000 - ANS-In Indiana the maximum fine that a commissioner can impose on a producer or
company who violates a crease or disist order is____ per violation.
8% - ANS-His life policy loan in Indiana cannot charge a flex rate of interest higher than
An agent guaranteeing a policy's dividends - ANS-Which of the following is considered to be a
misrepresentation?
Producer - ANS-Who is responsible for determining if long-term care coverage is appropriate to
meeting and applicants needs?
Assures that claims filed against insolvent insurance companies will be paid - ANS-What is the
purpose of the Indiana life and health insurance guaranty association?
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