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INDIANA LIFE AND HEALTH INSURANCE EXAM
PART 1 AND PART 2 LATEST 2026 ACTUAL
VERIFIED EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||NEWEST EXAM!!!||
Upon reaching the limiting age, a handicapped child can
extend their health insurance coverage as a dependent?
Only if the child is incapable of employment and chiefly
dependent on the policyowner
For up to an additional 10 years only
Only physically disabled
Only if mentally disabled - Answer-Only if the child is
incapable of employment and chiefly dependent on the
policyowner
Which of the following is not a valid reason for the
insurance commissioner to suspend or revoke a
producers license?
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Producer returns part of a commission to client in
exchange for a sale
Producer represents more than one insurance company
Producer engages in false advertising
Producer commingles premiums collected with a
personal account - Answer-Producer represents more
than one insurance company
A producers license may be denied, suspended, or
revoked if the licensee?
Engages in replacement of an existing policy
Is found guilty of misrepresentation in obtaining the
license
Files for bankruptcy
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Does not meet a sales quota - Answer-Is found guilty of
misrepresentation in obtaining the license
During the course of an insurance business transaction,
who does the producer legally represent?
Producer
Insured
Insurance Company
Beneficiary - Answer-Insurance Company
An example of rebating would be?
Returning a portion of a premium as inducement to
purchase insurance
Reducing the premium across the board for a specific
risk class
A mutual insurance company paying dividends to its
policyowners
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Using intimidation in order to restrain or monopolize the
business of insurance - Answer-Returning a portion of a
premium as inducement to purchase insurance
Which of the following is a requirement to be eligible for
a group life policy in Indiana?
Group must be formed for a purpose other than
obtaining insurance
Group must designate one of its members to be the
named insured
Group must have been formed for obtaining insurance
Group must include at least five employers - Answer-
Group must be formed for a purpose other than
obtaining insurance
What is required for a Producer to be in compliance with
Rule 13, Life Insurance Advertising?
A potential Applicant must be told the the Producer is
currently licensed for any Life Insurance transaction
INDIANA LIFE AND HEALTH INSURANCE EXAM
PART 1 AND PART 2 LATEST 2026 ACTUAL
VERIFIED EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||NEWEST EXAM!!!||
Upon reaching the limiting age, a handicapped child can
extend their health insurance coverage as a dependent?
Only if the child is incapable of employment and chiefly
dependent on the policyowner
For up to an additional 10 years only
Only physically disabled
Only if mentally disabled - Answer-Only if the child is
incapable of employment and chiefly dependent on the
policyowner
Which of the following is not a valid reason for the
insurance commissioner to suspend or revoke a
producers license?
,2|Page
Producer returns part of a commission to client in
exchange for a sale
Producer represents more than one insurance company
Producer engages in false advertising
Producer commingles premiums collected with a
personal account - Answer-Producer represents more
than one insurance company
A producers license may be denied, suspended, or
revoked if the licensee?
Engages in replacement of an existing policy
Is found guilty of misrepresentation in obtaining the
license
Files for bankruptcy
,3|Page
Does not meet a sales quota - Answer-Is found guilty of
misrepresentation in obtaining the license
During the course of an insurance business transaction,
who does the producer legally represent?
Producer
Insured
Insurance Company
Beneficiary - Answer-Insurance Company
An example of rebating would be?
Returning a portion of a premium as inducement to
purchase insurance
Reducing the premium across the board for a specific
risk class
A mutual insurance company paying dividends to its
policyowners
, 4|Page
Using intimidation in order to restrain or monopolize the
business of insurance - Answer-Returning a portion of a
premium as inducement to purchase insurance
Which of the following is a requirement to be eligible for
a group life policy in Indiana?
Group must be formed for a purpose other than
obtaining insurance
Group must designate one of its members to be the
named insured
Group must have been formed for obtaining insurance
Group must include at least five employers - Answer-
Group must be formed for a purpose other than
obtaining insurance
What is required for a Producer to be in compliance with
Rule 13, Life Insurance Advertising?
A potential Applicant must be told the the Producer is
currently licensed for any Life Insurance transaction
