Indiana laws and Rules
-Group life coverage can be converted to an individual policy at regular rates on an attained-age
basis - ANS-Which of the following is a standard provision of the conversion privileges in a
group life policy?
-group life coverage can only be converted if the employer pays for the individual policy
-Group life coverage can normally be converted to an individual policy within six months
-Group live coverage can Only be converted by providing evidence of insurability
-Group life coverage can be converted to an individual policy at regular rates on an attained age
basis
10 days - ANS-What is the minimum grace period for an individual health policy that is paid
monthly?
180 - ANS-How many days does a temporary producers license valid?
2 - ANS-An individual life insurance policy sold in Indiana can be contested by the insurance
only during the first ____ years of the contract
20 - ANS-A person insured under a health policy is required to give the insurance company a
Notice of Claim within how many days after a covered loss?
24 - ANS-Producers must complete ___ hours of continuing education every two years to keep
their license active.
26 - ANS-The Affordable Care Act (ACA) provides health coverage to dependents up to the age
of:
30 days - ANS-A producer must notify the commissioner within ____ days of a felony conviction.
30 days - ANS-According to Indiana law, how long is the right of return for a Long term care
policy?
30 days - ANS-All long-term care policies must include a free-look period of at least
31 - ANS-To continue health coverage for a newborn, the policy owner must notify the insurer of
birth and provide the first premium payment within ___ days of birth
, 31 days - ANS-In the event of employment termination, a person covered by a group policy also
has the right to convert such coverage to an individual policy within ____ days without proving
insurability.
6 months - ANS-A life insurance policy can be backdated before the application date for up to:
6 months - ANS-Long-term care policies sold in Indiana may exclude coverage for pre-existing
conditions for:
8% - ANS-A life policy loan in Indiana cannot charge a fixed rate of interest higher than
90 - ANS-Eligible employees must be added to group health coverage no later than ___ days
after their first day of employment
A transaction in which a new policy as bought an old policy is terminated - ANS-What is
Indiana's definition of life insurance replacement?
Accidental death and dismemberment - ANS-Which of the following is not a required provision
in a group life policy?
After being properly appointed by the insurer. - ANS-At what point make a producer sell
insurance for an insurer?
Age - ANS-According to the affordable care act (ACA), Is the pendant child's eligibility status is
determined by
An insurer exaggerating its dividends in a magazine advertisement - ANS-An example of false
advertising would be:
Avoid duplication of benefit payments - ANS-The coordination of benefits (COB) provision exist
in order to:
Be organized under Indiana insurance laws - ANS-A domestic insurance company in Indiana
must:
Be organized under Indiana insurance laws. - ANS-A domestic insurance company in Indiana
MUST:
Certificate - ANS-A(n) ______ Of authority permission insurance company to transact business
in Indiana.
certificate holder - ANS-an individual covered under a Group Life insurance policy is considered
to be a(n):
-Group life coverage can be converted to an individual policy at regular rates on an attained-age
basis - ANS-Which of the following is a standard provision of the conversion privileges in a
group life policy?
-group life coverage can only be converted if the employer pays for the individual policy
-Group life coverage can normally be converted to an individual policy within six months
-Group live coverage can Only be converted by providing evidence of insurability
-Group life coverage can be converted to an individual policy at regular rates on an attained age
basis
10 days - ANS-What is the minimum grace period for an individual health policy that is paid
monthly?
180 - ANS-How many days does a temporary producers license valid?
2 - ANS-An individual life insurance policy sold in Indiana can be contested by the insurance
only during the first ____ years of the contract
20 - ANS-A person insured under a health policy is required to give the insurance company a
Notice of Claim within how many days after a covered loss?
24 - ANS-Producers must complete ___ hours of continuing education every two years to keep
their license active.
26 - ANS-The Affordable Care Act (ACA) provides health coverage to dependents up to the age
of:
30 days - ANS-A producer must notify the commissioner within ____ days of a felony conviction.
30 days - ANS-According to Indiana law, how long is the right of return for a Long term care
policy?
30 days - ANS-All long-term care policies must include a free-look period of at least
31 - ANS-To continue health coverage for a newborn, the policy owner must notify the insurer of
birth and provide the first premium payment within ___ days of birth
, 31 days - ANS-In the event of employment termination, a person covered by a group policy also
has the right to convert such coverage to an individual policy within ____ days without proving
insurability.
6 months - ANS-A life insurance policy can be backdated before the application date for up to:
6 months - ANS-Long-term care policies sold in Indiana may exclude coverage for pre-existing
conditions for:
8% - ANS-A life policy loan in Indiana cannot charge a fixed rate of interest higher than
90 - ANS-Eligible employees must be added to group health coverage no later than ___ days
after their first day of employment
A transaction in which a new policy as bought an old policy is terminated - ANS-What is
Indiana's definition of life insurance replacement?
Accidental death and dismemberment - ANS-Which of the following is not a required provision
in a group life policy?
After being properly appointed by the insurer. - ANS-At what point make a producer sell
insurance for an insurer?
Age - ANS-According to the affordable care act (ACA), Is the pendant child's eligibility status is
determined by
An insurer exaggerating its dividends in a magazine advertisement - ANS-An example of false
advertising would be:
Avoid duplication of benefit payments - ANS-The coordination of benefits (COB) provision exist
in order to:
Be organized under Indiana insurance laws - ANS-A domestic insurance company in Indiana
must:
Be organized under Indiana insurance laws. - ANS-A domestic insurance company in Indiana
MUST:
Certificate - ANS-A(n) ______ Of authority permission insurance company to transact business
in Indiana.
certificate holder - ANS-an individual covered under a Group Life insurance policy is considered
to be a(n):
