2026 INDIANA LIFE HEALTH COMPREHENSIVE
SET QUESTIONS AND ANSWERS SURE A+
✔✔Which of the following is not a valid reason for the insurance commissioner to
suspend or revoke a producers license?
Producer returns part of a commission to client in exchange for a sale
Producer represents more than one insurance company
Producer engages in false advertising
Producer commingles premiums collected with a personal account - ✔✔Producer
represents more than one insurance company
✔✔A producers license may be denied, suspended, or revoked if the licensee?
Engages in replacement of an existing policy
Is found guilty of misrepresentation in obtaining the license
Files for bankruptcy
,Does not meet a sales quota - ✔✔Is found guilty of misrepresentation in obtaining the
license
✔✔During the course of an insurance business transaction, who does the producer
legally represent?
Producer
Insured
Insurance Company
Beneficiary - ✔✔Insurance Company
✔✔An example of rebating would be?
Returning a portion of a premium as inducement to purchase insurance
Reducing the premium across the board for a specific risk class
A mutual insurance company paying dividends to its policyowners
Using intimidation in order to restrain or monopolize the business of insurance -
✔✔Returning a portion of a premium as inducement to purchase insurance
✔✔Which of the following is a requirement to be eligible for a group life policy in
Indiana?
Group must be formed for a purpose other than obtaining insurance
Group must designate one of its members to be the named insured
Group must have been formed for obtaining insurance
Group must include at least five employers - ✔✔Group must be formed for a purpose
other than obtaining insurance
✔✔What is required for a Producer to be in compliance with Rule 13, Life Insurance
Advertising?
A potential Applicant must be told the the Producer is currently licensed for any Life
Insurance transaction
A potential Applicant must be told that Life insurance is the exclusive subject of the sale
A Producer is required to notify potential Applicants that dividends are guaranteed
,A Producer is required to have all sales materials approved by the commissioner - ✔✔A
potential Applicant must be told that Life insurance is the exclusive subject of the sale
✔✔When a life insurance application is completed, a Policy Summary must be given to
the applicant. The Policy Summary must include?
The insurers AM Best rating
The Producers address
Cash value rate
The premiums cost for basic coverage applied for - ✔✔The premiums cost for basic
coverage applied for
✔✔All of these statements are true regarding a child qualifying for coverage under the
Indiana children Health Insurance Program, except?
Must be a resident of Indiana to qualify
Must be 19 years of age to qualify
Family's income level must be greater than 150% of Federal poverty level, but less than
200%
Must have been born in the united States to qualify - ✔✔Must have been born in the
united States to qualify
✔✔As a condition for a loan, a bank requires the borrower to purchase credit insurance
from a specific company. What is the bank guilty of?
Coercion
Defamation
Rebating
Misrepresentation - ✔✔Coercion
✔✔Which of these statements regarding health coverage for physically handicapped
dependents is false?
The dependent must have been over 10 years of age when the handicap was insured
The dependent must have been covered under the insureds policy at the time the
handicap was insured
The dependent must rely chiefly on the policyowner for support and maintenance
, The dependent must agree to periodic medical examinations at the request of the
insurance company - ✔✔The dependent must have been over 10 years of age when
the handicap was insured
✔✔Life insurance replacement regulation protects the interests of?
The Policyowner
The Producer
The Insurer
The NAIC - ✔✔The Policyowner
✔✔What is the purpose of the Indiana Life and Health Insurance Guaranty Association?
Ensures that claims filled against insolvent insurance companies will be paid
Enforces Indianas insurance regulations
Approves policy forms
Underwrites high-risk insurance applicants - ✔✔Ensures that claims filled against
insolvent insurance companies will be paid
✔✔The _____ must provide an insured with proper disclosure concerning the
replacement of a life insurance policy?
Compliance Officer
Underwriter
Commissioner
Producer - ✔✔Producer
✔✔In Indiana, which o the following is considered an Unfair Competition Practice?
Replacement
Coercion
Aleatory
Subrogation - ✔✔Coercion
✔✔The Insurance Commissioner may suspend, revoke, or refuse to renew a producer's
license for which of the following reasons?
Producer files for bankruptcy
Producer engages in the replacement of an existing policy
SET QUESTIONS AND ANSWERS SURE A+
✔✔Which of the following is not a valid reason for the insurance commissioner to
suspend or revoke a producers license?
Producer returns part of a commission to client in exchange for a sale
Producer represents more than one insurance company
Producer engages in false advertising
Producer commingles premiums collected with a personal account - ✔✔Producer
represents more than one insurance company
✔✔A producers license may be denied, suspended, or revoked if the licensee?
Engages in replacement of an existing policy
Is found guilty of misrepresentation in obtaining the license
Files for bankruptcy
,Does not meet a sales quota - ✔✔Is found guilty of misrepresentation in obtaining the
license
✔✔During the course of an insurance business transaction, who does the producer
legally represent?
Producer
Insured
Insurance Company
Beneficiary - ✔✔Insurance Company
✔✔An example of rebating would be?
Returning a portion of a premium as inducement to purchase insurance
Reducing the premium across the board for a specific risk class
A mutual insurance company paying dividends to its policyowners
Using intimidation in order to restrain or monopolize the business of insurance -
✔✔Returning a portion of a premium as inducement to purchase insurance
✔✔Which of the following is a requirement to be eligible for a group life policy in
Indiana?
Group must be formed for a purpose other than obtaining insurance
Group must designate one of its members to be the named insured
Group must have been formed for obtaining insurance
Group must include at least five employers - ✔✔Group must be formed for a purpose
other than obtaining insurance
✔✔What is required for a Producer to be in compliance with Rule 13, Life Insurance
Advertising?
A potential Applicant must be told the the Producer is currently licensed for any Life
Insurance transaction
A potential Applicant must be told that Life insurance is the exclusive subject of the sale
A Producer is required to notify potential Applicants that dividends are guaranteed
,A Producer is required to have all sales materials approved by the commissioner - ✔✔A
potential Applicant must be told that Life insurance is the exclusive subject of the sale
✔✔When a life insurance application is completed, a Policy Summary must be given to
the applicant. The Policy Summary must include?
The insurers AM Best rating
The Producers address
Cash value rate
The premiums cost for basic coverage applied for - ✔✔The premiums cost for basic
coverage applied for
✔✔All of these statements are true regarding a child qualifying for coverage under the
Indiana children Health Insurance Program, except?
Must be a resident of Indiana to qualify
Must be 19 years of age to qualify
Family's income level must be greater than 150% of Federal poverty level, but less than
200%
Must have been born in the united States to qualify - ✔✔Must have been born in the
united States to qualify
✔✔As a condition for a loan, a bank requires the borrower to purchase credit insurance
from a specific company. What is the bank guilty of?
Coercion
Defamation
Rebating
Misrepresentation - ✔✔Coercion
✔✔Which of these statements regarding health coverage for physically handicapped
dependents is false?
The dependent must have been over 10 years of age when the handicap was insured
The dependent must have been covered under the insureds policy at the time the
handicap was insured
The dependent must rely chiefly on the policyowner for support and maintenance
, The dependent must agree to periodic medical examinations at the request of the
insurance company - ✔✔The dependent must have been over 10 years of age when
the handicap was insured
✔✔Life insurance replacement regulation protects the interests of?
The Policyowner
The Producer
The Insurer
The NAIC - ✔✔The Policyowner
✔✔What is the purpose of the Indiana Life and Health Insurance Guaranty Association?
Ensures that claims filled against insolvent insurance companies will be paid
Enforces Indianas insurance regulations
Approves policy forms
Underwrites high-risk insurance applicants - ✔✔Ensures that claims filled against
insolvent insurance companies will be paid
✔✔The _____ must provide an insured with proper disclosure concerning the
replacement of a life insurance policy?
Compliance Officer
Underwriter
Commissioner
Producer - ✔✔Producer
✔✔In Indiana, which o the following is considered an Unfair Competition Practice?
Replacement
Coercion
Aleatory
Subrogation - ✔✔Coercion
✔✔The Insurance Commissioner may suspend, revoke, or refuse to renew a producer's
license for which of the following reasons?
Producer files for bankruptcy
Producer engages in the replacement of an existing policy
