1|Page
INDIANA LIFE AND HEALTH INSURANCE EXAM PART 1 AND PART 2 LATEST
2026 ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
An insurance applicant must be informed of an investigation
regarding his/her reputation and character according to the?
State Guaranty Association
Fair Labor Standards Board
Fair Credit Reporting Act
National Association of Insurance Commissioners - ANSWER-Fair
Credit Reporting Act
Which of the following consists of an offer, acceptance, and
consideration?
Warranty
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Estoppel
Contract
Representation - ANSWER-Contract
Life insurance replacement regulation protects the interest of?
The Policyowner
The Producer
The Insurer
The NAIC - ANSWER-The Policyowner
If an annuity is terminated prior to beginning of the income
payment period, the contract owner receives?
No refund money
The contract surrender value at the time
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All premiums paid up to the date of termination
Reimbursement of all expenses deducted from the contract value
- ANSWER-The contract surrender value at the time
Eligible employees must be added to group health coverage no
later than ____ days after their first day of employment?
30
45
60
90 - ANSWER-90
ABC Insurance Company has accepted a life insurance
application which contains unanswered questions. The company
then makes the application part of the life contract. In this
situation, the insurer has?
Waived one of its legal rights
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Issued a voidable policy
Committed an act of fraud
Assigned the risk to a reinsurer - ANSWER-Waived one of its
legal rights
J chooses a monthly premium payment mode on his Whole Life
insurance policy. Which of these statements is correct?
The gross premium is higher on a monthly payment mode as
compared to being paid annually
The gross premiums is lower on a monthly payment mode as
compared to being paid annually
The cash value from a life policy paid on a monthly basis builds
quicker than one paid on an annual basis
The face amount of a life policy paid on a monthly basis is higher
than one paid on an annual basis - ANSWER-The gross premium
INDIANA LIFE AND HEALTH INSURANCE EXAM PART 1 AND PART 2 LATEST
2026 ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
An insurance applicant must be informed of an investigation
regarding his/her reputation and character according to the?
State Guaranty Association
Fair Labor Standards Board
Fair Credit Reporting Act
National Association of Insurance Commissioners - ANSWER-Fair
Credit Reporting Act
Which of the following consists of an offer, acceptance, and
consideration?
Warranty
,2|Page
Estoppel
Contract
Representation - ANSWER-Contract
Life insurance replacement regulation protects the interest of?
The Policyowner
The Producer
The Insurer
The NAIC - ANSWER-The Policyowner
If an annuity is terminated prior to beginning of the income
payment period, the contract owner receives?
No refund money
The contract surrender value at the time
,3|Page
All premiums paid up to the date of termination
Reimbursement of all expenses deducted from the contract value
- ANSWER-The contract surrender value at the time
Eligible employees must be added to group health coverage no
later than ____ days after their first day of employment?
30
45
60
90 - ANSWER-90
ABC Insurance Company has accepted a life insurance
application which contains unanswered questions. The company
then makes the application part of the life contract. In this
situation, the insurer has?
Waived one of its legal rights
, 4|Page
Issued a voidable policy
Committed an act of fraud
Assigned the risk to a reinsurer - ANSWER-Waived one of its
legal rights
J chooses a monthly premium payment mode on his Whole Life
insurance policy. Which of these statements is correct?
The gross premium is higher on a monthly payment mode as
compared to being paid annually
The gross premiums is lower on a monthly payment mode as
compared to being paid annually
The cash value from a life policy paid on a monthly basis builds
quicker than one paid on an annual basis
The face amount of a life policy paid on a monthly basis is higher
than one paid on an annual basis - ANSWER-The gross premium
