100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Indiana Life & Health Insurance Exam Review (1) Questions & 100% Verified Correct Answers with complete solutions (Latest update $7.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Insurance
  4.  
  5. Insurance
  6.  
  7. Insurance

Exam (elaborations)

Indiana Life & Health Insurance Exam Review (1) Questions & 100% Verified Correct Answers with complete solutions (Latest update

 4 views  0 purchase
  • Course
  • Insurance
  • Institution
  • Insurance

Indiana Life & Health Insurance Exam Review (1) Questions & 100% Verified Correct Answers with complete solutions (Latest update

Preview 2 out of 10  pages

Document information

  • August 14, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • indiana life health insurance exam review 1

Written for

  • Insurance
All documents for this subject (257)

Seller

avatar-seller
topgradesdr

Reviews received

Content preview

Indiana Life & Health Insurance Exam Review
d) The policy will not be affected - ANS-An individual applies for a life policy. Two years ago he
suffered a head injury from an accident, so he cannot remember parts of his past, but is
otherwise competent. He has also been hospitalized for drug abuse, but does not remember
this when applying for insurance. The insurer issues the policy and learn of his history one year
later. What will probably happen? D

a) The policy will be voided
b) The insurer will sue the insured for committing fraud
c) Because the insured is currently not a drug user, his policy will not be affected
d) The policy will not be affected

Certificate of Authority - ANS-A new insurance company wants to begin conducting insurance in
Indiana. What will it need to receive before it can legally open for business?

30 days - ANS-How many days after a final disposition must an insurance producer report
administrative action or criminal prosecution to the Director?

Reduction of Premium - ANS-An insured pays $1,200 annually for her life insurance premium.
The insured applies this year's $300 worth of accumulated dividends to the next year's premium,
thus reducing it to $900. What option does this describe?

Presumptive disability - ANS-Certain conditions, such as dismemberment or total and
permanent blindness, will automatically qualify the insured for full disability benefits. Which
disability policy provision does this describe?

c) A list of available doctors - ANS-Which of the following does the Insuring Clause NOT
specify?

a) The insurance company
b) The name of the insured
c) A list of available doctors
d) Covered perils

6 months - ANS-How long is an open enrollment period for Medicare supplement policies?

1 year - ANS-What is the maximum period that an insurer would pay benefits in accordance with
an Additional Monthly Benefit rider?

In an institutional setting - ANS-In which of the following locations would skilled care most likely
be provided?

, Alien insurer - ANS-When transacting business in this state an insurer formed under the laws of
another country is known as an:

Automatic enrollment - ANS-Which of the following is NOT an enrollment period for Medicare
Part A applicants?

a) Special enrollment
b) General enrollment
c) Automatic enrollment
d) Initial enrollment

Single premium - ANS-Which type of life insurance policy generates immediate cash value?

Tax-qualified - ANS-What characteristics must an annuity have if it is used to accumulate funds
in an IRA?

a) Suggesting negotiations in settling the claim - ANS-All of the following are unfair claims
settlement practices EXCEPT:

a) Suggesting negotiations in settling the claim
b) Refusing to pay claims without conducting a reasonable investigation
c) Failing to adopt and implement reasonable standards for settling claims
d) Failing to acknowledge pertinent communication pertaining to a claim

To guard against adverse selection and reduce cost - ANS-Why do group health providers
usually require a certain amount of participation in the plan by eligible employees?

The Guaranty Association - ANS-If an insurer becomes insolvent, which of the following would
pay benefits to policyholders?

c) NAIC - ANS-A long-term care insurance shopper's guide must be provided in the format
developed by which of the following?

a) Director
b) Medical Information Bureau
c) NAIC
d) Office of Insurance Regulation

It is a nonprofit organization that maintains underwriting information on applicants for life and
health insurance. - ANS-Which of the following best describes the MIB?

Guaranteed Insurability rider - ANS-If a life policy allows the policyowner to make periodic
additions to the face amount at standard rates, without proving insurability, the policy includes a

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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)

76799 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart