Indiana Life & Health Insurance Exam
Review 2025/2026 Exam Questions and
Verified Answers | Already Graded A+
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?
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 - 🧠ANSWER ✔✔d) The policy will not be
affected
,A new insurance company wants to begin conducting insurance in Indiana. What
will it need to receive before it can legally open for business? - 🧠ANSWER
✔✔Certificate of Authority
How many days after a final disposition must an insurance producer report
administrative action or criminal prosecution to the Director? - 🧠ANSWER ✔✔30
days
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? - 🧠ANSWER
✔✔Reduction of Premium
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? - 🧠ANSWER ✔✔Presumptive disability
Which of the following does the Insuring Clause NOT specify?
a) The insurance company
b) The name of the insured
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
, c) A list of available doctors
d) Covered perils - 🧠ANSWER ✔✔c) A list of available doctors
How long is an open enrollment period for Medicare supplement policies? -
🧠ANSWER ✔✔6 months
What is the maximum period that an insurer would pay benefits in accordance with
an Additional Monthly Benefit rider? - 🧠ANSWER ✔✔1 year
In which of the following locations would skilled care most likely be provided? -
🧠ANSWER ✔✔In an institutional setting
When transacting business in this state an insurer formed under the laws of another
country is known as an: - 🧠ANSWER ✔✔Alien insurer
Which of the following is NOT an enrollment period for Medicare Part A
applicants?
a) Special enrollment
b) General enrollment
c) Automatic enrollment
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
Review 2025/2026 Exam Questions and
Verified Answers | Already Graded A+
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?
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 - 🧠ANSWER ✔✔d) The policy will not be
affected
,A new insurance company wants to begin conducting insurance in Indiana. What
will it need to receive before it can legally open for business? - 🧠ANSWER
✔✔Certificate of Authority
How many days after a final disposition must an insurance producer report
administrative action or criminal prosecution to the Director? - 🧠ANSWER ✔✔30
days
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? - 🧠ANSWER
✔✔Reduction of Premium
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? - 🧠ANSWER ✔✔Presumptive disability
Which of the following does the Insuring Clause NOT specify?
a) The insurance company
b) The name of the insured
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
, c) A list of available doctors
d) Covered perils - 🧠ANSWER ✔✔c) A list of available doctors
How long is an open enrollment period for Medicare supplement policies? -
🧠ANSWER ✔✔6 months
What is the maximum period that an insurer would pay benefits in accordance with
an Additional Monthly Benefit rider? - 🧠ANSWER ✔✔1 year
In which of the following locations would skilled care most likely be provided? -
🧠ANSWER ✔✔In an institutional setting
When transacting business in this state an insurer formed under the laws of another
country is known as an: - 🧠ANSWER ✔✔Alien insurer
Which of the following is NOT an enrollment period for Medicare Part A
applicants?
a) Special enrollment
b) General enrollment
c) Automatic enrollment
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
