2026 INDIANA LIFE HEALTH END OF COURSE
QUESTIONS AND ANSWERS SURE A+
✔✔Which Unfair Competition Practice involves a producer suggesting that an insurance
policy is like a share of stock?
Twisting
Intimidation
Misrepresentation
Sliding - ✔✔Misrepresentation
✔✔Basic Medical Expense insurance?
Normally has a deductible and coinsurance
Covers an illness but not an accident
Pays for lost wages while hospitalized
Has lower benefit limits than Major Medical Insurance - ✔✔Has lower benefit limits than
Major Medical Insurance
,✔✔A nonprofit incorporated society that does not have capital stock and operates for
the sole benefit of its members is known as?
A fraternal benefit society
A stock insurer
A mutual insurer
The Life and Health Insurance Guaranty Association - ✔✔A fraternal benefit society
✔✔At what point must a life insurance applicant be informed of their rights that fall
under the Fair Credit Reporting Act?
Before the appointment is scheduled
Upon completion of the application
At the policy's delivery
When the insurer receives the MIB report - ✔✔Upon completion of the application
✔✔An example of an Unfair Claims Settlement Practice would be?
Requesting a third-party arbitrator to resolve a disagreement
Paying a claim promptly after receiving proof of loss
Misrepresenting insurance policy provisions affecting a loss
Requiring the insured to give a statement under oath - ✔✔Misrepresenting insurance
policy provisions affecting a loss
✔✔With Accidental Death and Dismemberment policies, what is the purpose of the
Grace Period?
Gives the policyowner additional time to pay overdue premiums
Gives the policyowner additional time to file a lawsuit
Gives the policyowner additional time to file a claim
Gives the policyowner additional time to provide proof of loss - ✔✔Gives the
policyowner additional time to pay overdue premiums
✔✔A whole life insurance policyowner does not wish to continue making premium
payments. Which of the following enables the policyowner to sell the policy for more
than its cash value?
, Cash Surrender
Life Settlement Contract
Buy-Sell Arrangement
1031 Exchange - ✔✔Life Settlement Contract
✔✔Which of the following is an example of false advertising?
An insurer advertising in an insurance trade journal
An insurance company publishing misleading information about its policy's provisions
A producer spending more than $25 on marketing gifts for a client
Paid testimonials from celebrity endorsements - ✔✔An insurance company publishing
misleading information about its policy's provisions
✔✔Jill is covered under two Group Health policies, one through her employer and one
through her husband's employer. If Jill suffers a loss, which policy provision dictates the
primary coverage?
Replacement
Time Payment of Claims
Notice of Claim
Coordination of Benefits - ✔✔Coordination of Benefits
✔✔An example of rebating would be
A mutual insurance company paying dividends to its policyowners
Reducing the premiums across the board for a specific risk class
Offering a client something of value not stated in the contract in exchange for their
business
Using intimidation in order to restrain or monopolize the business of insurance. -
✔✔Offering a client something of value not stated in the contract in exchange for their
business
✔✔All of the following statements regarding group health insurance is true except?
Premiums are usually determined by the claims experience of the group
A master contract is issued for the group
QUESTIONS AND ANSWERS SURE A+
✔✔Which Unfair Competition Practice involves a producer suggesting that an insurance
policy is like a share of stock?
Twisting
Intimidation
Misrepresentation
Sliding - ✔✔Misrepresentation
✔✔Basic Medical Expense insurance?
Normally has a deductible and coinsurance
Covers an illness but not an accident
Pays for lost wages while hospitalized
Has lower benefit limits than Major Medical Insurance - ✔✔Has lower benefit limits than
Major Medical Insurance
,✔✔A nonprofit incorporated society that does not have capital stock and operates for
the sole benefit of its members is known as?
A fraternal benefit society
A stock insurer
A mutual insurer
The Life and Health Insurance Guaranty Association - ✔✔A fraternal benefit society
✔✔At what point must a life insurance applicant be informed of their rights that fall
under the Fair Credit Reporting Act?
Before the appointment is scheduled
Upon completion of the application
At the policy's delivery
When the insurer receives the MIB report - ✔✔Upon completion of the application
✔✔An example of an Unfair Claims Settlement Practice would be?
Requesting a third-party arbitrator to resolve a disagreement
Paying a claim promptly after receiving proof of loss
Misrepresenting insurance policy provisions affecting a loss
Requiring the insured to give a statement under oath - ✔✔Misrepresenting insurance
policy provisions affecting a loss
✔✔With Accidental Death and Dismemberment policies, what is the purpose of the
Grace Period?
Gives the policyowner additional time to pay overdue premiums
Gives the policyowner additional time to file a lawsuit
Gives the policyowner additional time to file a claim
Gives the policyowner additional time to provide proof of loss - ✔✔Gives the
policyowner additional time to pay overdue premiums
✔✔A whole life insurance policyowner does not wish to continue making premium
payments. Which of the following enables the policyowner to sell the policy for more
than its cash value?
, Cash Surrender
Life Settlement Contract
Buy-Sell Arrangement
1031 Exchange - ✔✔Life Settlement Contract
✔✔Which of the following is an example of false advertising?
An insurer advertising in an insurance trade journal
An insurance company publishing misleading information about its policy's provisions
A producer spending more than $25 on marketing gifts for a client
Paid testimonials from celebrity endorsements - ✔✔An insurance company publishing
misleading information about its policy's provisions
✔✔Jill is covered under two Group Health policies, one through her employer and one
through her husband's employer. If Jill suffers a loss, which policy provision dictates the
primary coverage?
Replacement
Time Payment of Claims
Notice of Claim
Coordination of Benefits - ✔✔Coordination of Benefits
✔✔An example of rebating would be
A mutual insurance company paying dividends to its policyowners
Reducing the premiums across the board for a specific risk class
Offering a client something of value not stated in the contract in exchange for their
business
Using intimidation in order to restrain or monopolize the business of insurance. -
✔✔Offering a client something of value not stated in the contract in exchange for their
business
✔✔All of the following statements regarding group health insurance is true except?
Premiums are usually determined by the claims experience of the group
A master contract is issued for the group
