Indiana State Life and Health Insurance Exam Questions with Answers (All Answers Correct)

How many days is a temporary producers license valid? 30 60 90 180 - Answer-180 In Indiana, the maximum fine the the commissioner can impose on a producer or company who violates a cease and desist order is___per violation? $10,000 $15,000 $20,000 $25,000 - Answer-$25,000 Which of these is an example of twisting? A producer maliciously aligns another insurance company's financial status A producer misrepresents a policy to induce a policyowner to surrender an existing policy A producer reduces the commission in order to sell a policy A producer induces a policyowner with something of value to purchase a policy - Answer-A producer misrepresents a policy to induce a policyowner to surrender an existing policy Which of the following is a requirement to obtain a nonresident producer license in Indiana?Maintain a specific sales quota in resident state Own real estate in Indiana Be licensed as a producer in the producer's state of domicile Pass a special examination for nonresident producers - Answer-Be licensed as a producer in the producer's state of domicile