2026 INDIANA LIFE HEALTH MAIN ALL
QUESTIONS AND ANSWERS SURE A+
✔✔Interest on Death Benefits - ✔✔You ultimately must repay any loan with interest or
your beneficiaries will receive a reduced death benefit.
✔✔vatical settlement - ✔✔the sale of a policy owner's existing life insurance policy to a
third party for more than its cash surrender value, but less than its net death benefit.
Such a sale provides the policy owner with a lump sum.
✔✔Life insurance Provision - ✔✔legal clause or condition contained within a contract
that requires one or both parties to perform a particular requirement by some specified
time or prevents one or both parties from performing a particular requirement by some
specified time.
example: suicide clause
✔✔Life insurance Free look - ✔✔10 days to review and examine policy
✔✔Mammogram coverage - ✔✔If the enrollee is at least thirty-five (35) years of age but
less than forty (40) years of age and a female, coverage for at least one (1) baseline
breast cancer screening mammography performed upon the enrollee before the
enrollee becomes forty (40) years of age.
, (2) If the enrollee is less than forty (40) years of age and a woman at risk, one (1) breast
cancer screening mammography performed upon the enrollee every year.
(3) If the enrollee is at least forty (40) years of age and a female, one (1) breast cancer
screening mammography performed upon the enrollee every year.
✔✔Dependent children - ✔✔require commercial health insurers and health
maintenance organizations to cover children until age of 24 or without regard to age if
they are incapable of self-sustaining employment due to disability.
✔✔indiana small group health - ✔✔This chapter applies to any individual or group
health insurance plan that is issued for delivery in Indiana to at least three (3)
employees of a small employer located in Indiana if one (1) of the following conditions is
met:
(1) Any part of the premium or benefits is paid by a small employer or any covered
individual is reimbursed, whether through wage adjustments or otherwise, by a small
employer for any part of the premium not including the administrative expenses of
administering a payroll deduction plan where the employee contributes one hundred
percent (100%) of the premium without reimbursement.
(2) The health benefit plan is treated by the employer or any of the covered individuals
as part of a plan or program for purposes of Section 106 or 162 of the United States
Internal Revenue Code.
✔✔Children's Health Insurance Program - ✔✔for individuals up to age 19, falls under
the Hoosier Healthwise Package C program. In CHIP, your child may be covered by
paying a low-cost monthly premium. This option is available to members who may earn
too much money to qualify for the standard Hoosier Healthwise coverage.
✔✔Unfair Competition Law - ✔✔The use of any form that is not specifically detailed and
authorized in 760 IAC 1-16-1 to 760 IAC 1-16-7 is in violation of the Insurance Code
and Regulations. All companies and agents engaging in the life insurance business in
Indiana are cautioned that the use of any such unauthorized forms may be considered
as engaging in unfair competition and practices and subject to disciplinary action by the
Department.
✔✔contestable period - ✔✔first two years of a policy
✔✔90 days - ✔✔grace period of medicare
✔✔yes - ✔✔Is the insurance commissioner also the CEO
✔✔serves at the governors pleasure - ✔✔how long is the insurance commissioners
term?
QUESTIONS AND ANSWERS SURE A+
✔✔Interest on Death Benefits - ✔✔You ultimately must repay any loan with interest or
your beneficiaries will receive a reduced death benefit.
✔✔vatical settlement - ✔✔the sale of a policy owner's existing life insurance policy to a
third party for more than its cash surrender value, but less than its net death benefit.
Such a sale provides the policy owner with a lump sum.
✔✔Life insurance Provision - ✔✔legal clause or condition contained within a contract
that requires one or both parties to perform a particular requirement by some specified
time or prevents one or both parties from performing a particular requirement by some
specified time.
example: suicide clause
✔✔Life insurance Free look - ✔✔10 days to review and examine policy
✔✔Mammogram coverage - ✔✔If the enrollee is at least thirty-five (35) years of age but
less than forty (40) years of age and a female, coverage for at least one (1) baseline
breast cancer screening mammography performed upon the enrollee before the
enrollee becomes forty (40) years of age.
, (2) If the enrollee is less than forty (40) years of age and a woman at risk, one (1) breast
cancer screening mammography performed upon the enrollee every year.
(3) If the enrollee is at least forty (40) years of age and a female, one (1) breast cancer
screening mammography performed upon the enrollee every year.
✔✔Dependent children - ✔✔require commercial health insurers and health
maintenance organizations to cover children until age of 24 or without regard to age if
they are incapable of self-sustaining employment due to disability.
✔✔indiana small group health - ✔✔This chapter applies to any individual or group
health insurance plan that is issued for delivery in Indiana to at least three (3)
employees of a small employer located in Indiana if one (1) of the following conditions is
met:
(1) Any part of the premium or benefits is paid by a small employer or any covered
individual is reimbursed, whether through wage adjustments or otherwise, by a small
employer for any part of the premium not including the administrative expenses of
administering a payroll deduction plan where the employee contributes one hundred
percent (100%) of the premium without reimbursement.
(2) The health benefit plan is treated by the employer or any of the covered individuals
as part of a plan or program for purposes of Section 106 or 162 of the United States
Internal Revenue Code.
✔✔Children's Health Insurance Program - ✔✔for individuals up to age 19, falls under
the Hoosier Healthwise Package C program. In CHIP, your child may be covered by
paying a low-cost monthly premium. This option is available to members who may earn
too much money to qualify for the standard Hoosier Healthwise coverage.
✔✔Unfair Competition Law - ✔✔The use of any form that is not specifically detailed and
authorized in 760 IAC 1-16-1 to 760 IAC 1-16-7 is in violation of the Insurance Code
and Regulations. All companies and agents engaging in the life insurance business in
Indiana are cautioned that the use of any such unauthorized forms may be considered
as engaging in unfair competition and practices and subject to disciplinary action by the
Department.
✔✔contestable period - ✔✔first two years of a policy
✔✔90 days - ✔✔grace period of medicare
✔✔yes - ✔✔Is the insurance commissioner also the CEO
✔✔serves at the governors pleasure - ✔✔how long is the insurance commissioners
term?
