2026 INDIANA LIFE HEALTH STUDYS CORRECT
QUESTIONS AND ANSWERS SURE A+
✔✔temporary producer - ✔✔under certain circumstances IDOI may issue a temporary
insurance producer license for not more than 180 days if deemed necessary for the
servicing of an insurance business in the best interests of the public.
✔✔Consultant - ✔✔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
✔✔Limited Lines producer - ✔✔"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
✔✔who may act as a producer without a license? - ✔✔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
✔✔Producer Qualifications and the licensing process - ✔✔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
✔✔Insurance Company: Producer appointments and termination - ✔✔
✔✔License application process, examination, and fees for
obtaining a license - ✔✔STEP 1: IDOI TESTING WEBSITE
STEP 2: REGISTER FOR ACCOUNT
STEP 3: LOGIN
STEP 4: SELECT ASSESSMENT
STEP 5: PAY FOR ASSESSMENT
STEP 6: SCHEDULE FOR ASSESSMENT
Step 7: Take Assessment
Producers Examination Fee $75.50
✔✔Controlled Business - ✔✔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.
✔✔Acting as a consultant - ✔✔may not continue to hold an insurance producer or
limited lines producer license,. No licensed consultant may employ, be employed by, be
in a partnership with or receive any remuneration whatsoever from any licensed
insurance producer, surplus lines insurance producer, limited lines producer or insurer,
except that a consultant may be compensated by an insurer for providing consulting
services to the insurer.
✔✔twisting - ✔✔The act of inducing or attempt to induce a policy owner to drop an
existing life insurance policy and to take another policy that is substantially the same
kind by using misrepresentations or incomplete comparisons of the advantages and
disadvantages of the two policies.
QUESTIONS AND ANSWERS SURE A+
✔✔temporary producer - ✔✔under certain circumstances IDOI may issue a temporary
insurance producer license for not more than 180 days if deemed necessary for the
servicing of an insurance business in the best interests of the public.
✔✔Consultant - ✔✔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
✔✔Limited Lines producer - ✔✔"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
✔✔who may act as a producer without a license? - ✔✔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
✔✔Producer Qualifications and the licensing process - ✔✔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
✔✔Insurance Company: Producer appointments and termination - ✔✔
✔✔License application process, examination, and fees for
obtaining a license - ✔✔STEP 1: IDOI TESTING WEBSITE
STEP 2: REGISTER FOR ACCOUNT
STEP 3: LOGIN
STEP 4: SELECT ASSESSMENT
STEP 5: PAY FOR ASSESSMENT
STEP 6: SCHEDULE FOR ASSESSMENT
Step 7: Take Assessment
Producers Examination Fee $75.50
✔✔Controlled Business - ✔✔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.
✔✔Acting as a consultant - ✔✔may not continue to hold an insurance producer or
limited lines producer license,. No licensed consultant may employ, be employed by, be
in a partnership with or receive any remuneration whatsoever from any licensed
insurance producer, surplus lines insurance producer, limited lines producer or insurer,
except that a consultant may be compensated by an insurer for providing consulting
services to the insurer.
✔✔twisting - ✔✔The act of inducing or attempt to induce a policy owner to drop an
existing life insurance policy and to take another policy that is substantially the same
kind by using misrepresentations or incomplete comparisons of the advantages and
disadvantages of the two policies.
