Pre-Licensing Insurance
Course Chapter 19 (Part 1)
2026 | Study Guide &
Practice Q&A
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Updated 2026 Questions and Answers
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Rationales
Included
,What is a foreign insurer? c. An insurer formed under the laws of any U.S. jurisdiction but Indiana
a. An insurer formed under the laws of Indiana
b. An insurer formed under the laws of any state but
Indiana
c. An insurer formed under the laws of any U.S.
jurisdiction but Indiana
d. An insurer formed under the laws of any place but
Indiana
The Commissioner is required to examine all licensed c. 5 years
insurers in Indiana at least once every:
a. Year
b. 3 years
c. 5 years
d. 6 years
The Commissioner must give a bond of: b. $50,000.00
a. $25,000.00
b. $50,000.00
c. $75,000.00
d. $100,000.00
A nonresident person will NOT receive a nonresident a. The person has not paid the fees required
producer license if:
a. The person has not paid the fees required
b. The person has submitted the proper request for
licensure
c. The person is currently licensed as a resident in their
home state and has not violated any laws
d. The person's home state awards non-resident producer
licenses to residents of Indiana on the same basis
An individual or corporation CANNOT concurrently hold d. All of the above
a consultant license and a/an:
a. Insurance producer's license
b. Surplus lines producer's license
c. Limited lines producer's license
d. All of the above
Who is in charge of the Department of Insurance? c. Insurance Commissioner
a. Insurance Director
b. Insurance Superintendent
c. Insurance Commissioner
d. Insurance Chairman
, What type of insurance company is organized under the c. Domestic
insurance laws of Indiana?
a. Alien
b. Foreign
c. Domestic
d. Mutual
Which of the following is NOT a power or duty of a. Conducting interviews and accreditations of FINRA officials
Indiana's Commissioner of insurance?
a. Conducting interviews and accreditations of FINRA
officials
b. Enforcing insurance regulations
c. Examination of insurers and all employees, including all
records
d. Investigating fraud and violations of the insurance laws
and regulations governing Indiana
Who is a person who holds himself out to the public as a. Consultant
being engaged in the business of offering for a fee any
advice, counsel, opinion, or service with respect to the
benefits, advantages, or disadvantages promised under
any policy of insurance that could be issued in Indiana?
a. Consultant
b. Mentor
c. Intermediary
d. Mediator
The Commissioner's duties include all the following, c. Assigning producers to certain areas of the state
EXCEPT:
a. Licensing of insurance companies
b. Regulation of premium rates
c. Assigning producers to certain areas of the state
d. Investigating fraud and violations of the insurance laws
Which of the following is NOT included in limited lines a. Voluntary life insurance
credit insurance?
a. Voluntary life insurance
b. Credit disability insurance
c. Credit property insurance
d. Involuntary unemployment insurance
Course Chapter 19 (Part 1)
2026 | Study Guide &
Practice Q&A
|Graded A+ | Guaranteed
success|
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
,What is a foreign insurer? c. An insurer formed under the laws of any U.S. jurisdiction but Indiana
a. An insurer formed under the laws of Indiana
b. An insurer formed under the laws of any state but
Indiana
c. An insurer formed under the laws of any U.S.
jurisdiction but Indiana
d. An insurer formed under the laws of any place but
Indiana
The Commissioner is required to examine all licensed c. 5 years
insurers in Indiana at least once every:
a. Year
b. 3 years
c. 5 years
d. 6 years
The Commissioner must give a bond of: b. $50,000.00
a. $25,000.00
b. $50,000.00
c. $75,000.00
d. $100,000.00
A nonresident person will NOT receive a nonresident a. The person has not paid the fees required
producer license if:
a. The person has not paid the fees required
b. The person has submitted the proper request for
licensure
c. The person is currently licensed as a resident in their
home state and has not violated any laws
d. The person's home state awards non-resident producer
licenses to residents of Indiana on the same basis
An individual or corporation CANNOT concurrently hold d. All of the above
a consultant license and a/an:
a. Insurance producer's license
b. Surplus lines producer's license
c. Limited lines producer's license
d. All of the above
Who is in charge of the Department of Insurance? c. Insurance Commissioner
a. Insurance Director
b. Insurance Superintendent
c. Insurance Commissioner
d. Insurance Chairman
, What type of insurance company is organized under the c. Domestic
insurance laws of Indiana?
a. Alien
b. Foreign
c. Domestic
d. Mutual
Which of the following is NOT a power or duty of a. Conducting interviews and accreditations of FINRA officials
Indiana's Commissioner of insurance?
a. Conducting interviews and accreditations of FINRA
officials
b. Enforcing insurance regulations
c. Examination of insurers and all employees, including all
records
d. Investigating fraud and violations of the insurance laws
and regulations governing Indiana
Who is a person who holds himself out to the public as a. Consultant
being engaged in the business of offering for a fee any
advice, counsel, opinion, or service with respect to the
benefits, advantages, or disadvantages promised under
any policy of insurance that could be issued in Indiana?
a. Consultant
b. Mentor
c. Intermediary
d. Mediator
The Commissioner's duties include all the following, c. Assigning producers to certain areas of the state
EXCEPT:
a. Licensing of insurance companies
b. Regulation of premium rates
c. Assigning producers to certain areas of the state
d. Investigating fraud and violations of the insurance laws
Which of the following is NOT included in limited lines a. Voluntary life insurance
credit insurance?
a. Voluntary life insurance
b. Credit disability insurance
c. Credit property insurance
d. Involuntary unemployment insurance
