TENNESSEE LIFE AND HEALTH INSURANCE
EXAM 2026 LIFE INSURANCE PORTION
COMPLETE QUESTIONS AND VERIFIED
ANSWERS
◉ 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
◉ P is a producer who is licensed in Indiana, but a resident of
Michigan. In Indiana , P is considered to be a____Producer?
Nonresident
Foreign
,Alien
Reciprocal. Answer: Nonresident
◉ If an existing Accident and Health policy is being replaced with a
new policy, the decision to replace should not be based on?
Waiting Periods
Commissions to be Paid
Exclusion and Limitations
Underwriting Requirements. Answer: Commissions to be Paid
◉ A domestic insurance company in Indiana must?
Be organized under Indiana insurance laws
Own real estate in Indiana
Write insurance on risks located only in Indiana
Honor the charter of the NAIC. Answer: Be organized under Indiana
insurance laws
, ◉ Which of the following is a requirement to obtain a nonresident
producer license in Indiana?
The producer must be at least 21 years of age
The producer's state of residence must have reciprocity with Indiana
The producer must be bonded in the producer's state of domicile
The producer must pass a special examination for nonresident
producers. Answer: The producer's state of residence must have
reciprocity with Indiana
◉ What is Indianas definition of Life insurance replacement?
A transaction in which coverage on an existing policy is increased
A transaction in which group life coverage is converted to an
individual policy
A transaction in which a new policy is bought and an old policy is
terminated
EXAM 2026 LIFE INSURANCE PORTION
COMPLETE QUESTIONS AND VERIFIED
ANSWERS
◉ 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
◉ P is a producer who is licensed in Indiana, but a resident of
Michigan. In Indiana , P is considered to be a____Producer?
Nonresident
Foreign
,Alien
Reciprocal. Answer: Nonresident
◉ If an existing Accident and Health policy is being replaced with a
new policy, the decision to replace should not be based on?
Waiting Periods
Commissions to be Paid
Exclusion and Limitations
Underwriting Requirements. Answer: Commissions to be Paid
◉ A domestic insurance company in Indiana must?
Be organized under Indiana insurance laws
Own real estate in Indiana
Write insurance on risks located only in Indiana
Honor the charter of the NAIC. Answer: Be organized under Indiana
insurance laws
, ◉ Which of the following is a requirement to obtain a nonresident
producer license in Indiana?
The producer must be at least 21 years of age
The producer's state of residence must have reciprocity with Indiana
The producer must be bonded in the producer's state of domicile
The producer must pass a special examination for nonresident
producers. Answer: The producer's state of residence must have
reciprocity with Indiana
◉ What is Indianas definition of Life insurance replacement?
A transaction in which coverage on an existing policy is increased
A transaction in which group life coverage is converted to an
individual policy
A transaction in which a new policy is bought and an old policy is
terminated
