INDIANA LIFE AND HEALTH RULES AND
REGULATION EXAM STUDY GUIDE 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ When does the Free-Look provision for health insurance begin?
Answer: Date the policy is delivered to the insured
◉ A licensee must notify the Commissioner within __ days of an address
change. Answer: 30
◉ Indiana's Long Term Care Partnership Program requires a Producer to
have. Answer: 15 hours of additional education after they receive their
license
◉ Jill is covered under two Group Health policies, one through her
employer and one through her husband's employer. If Jill suffers a loss,
which policy provision dictates the primary coverage? Answer:
Coordination of Benefits
◉ Insureds in the same risk classification are being charged different
premiums by an insurance company. This insurer is committing the
illegal act of. Answer: unfair discrimination
, ◉ According to Indiana law, group life insurance conversion privileges
must. Answer: allow a time period to convert group life coverage to an
individual life policy
◉ An example of an Unfair Claims Settlement Practice would be.
Answer: failing to effectuate prompt, fair, and equitable settlements of a
claim
◉ An example of an Unfair Claims Settlement Practice would be.
Answer: misrepresenting insurance policy provisions affecting a loss
◉ According to Indiana law, group life insurance conversion privileges
must NOT. Answer: require evidence of insurability
◉ An individual covered under a Group Life insurance policy is
considered to be a(n). Answer: certificate holder
◉ During a life insurance sales transaction, which of the following
forms must be completed by a producer if the customer has existing life
insurance coverage that is being replaced? Answer: Notice Regarding
Replacement of Life Insurance or Annuity
◉ Under the Patient Protection and Affordable Care Act (PPACA),
consumers have access to health coverage that is. Answer: guaranteed
available and renewable
REGULATION EXAM STUDY GUIDE 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ When does the Free-Look provision for health insurance begin?
Answer: Date the policy is delivered to the insured
◉ A licensee must notify the Commissioner within __ days of an address
change. Answer: 30
◉ Indiana's Long Term Care Partnership Program requires a Producer to
have. Answer: 15 hours of additional education after they receive their
license
◉ Jill is covered under two Group Health policies, one through her
employer and one through her husband's employer. If Jill suffers a loss,
which policy provision dictates the primary coverage? Answer:
Coordination of Benefits
◉ Insureds in the same risk classification are being charged different
premiums by an insurance company. This insurer is committing the
illegal act of. Answer: unfair discrimination
, ◉ According to Indiana law, group life insurance conversion privileges
must. Answer: allow a time period to convert group life coverage to an
individual life policy
◉ An example of an Unfair Claims Settlement Practice would be.
Answer: failing to effectuate prompt, fair, and equitable settlements of a
claim
◉ An example of an Unfair Claims Settlement Practice would be.
Answer: misrepresenting insurance policy provisions affecting a loss
◉ According to Indiana law, group life insurance conversion privileges
must NOT. Answer: require evidence of insurability
◉ An individual covered under a Group Life insurance policy is
considered to be a(n). Answer: certificate holder
◉ During a life insurance sales transaction, which of the following
forms must be completed by a producer if the customer has existing life
insurance coverage that is being replaced? Answer: Notice Regarding
Replacement of Life Insurance or Annuity
◉ Under the Patient Protection and Affordable Care Act (PPACA),
consumers have access to health coverage that is. Answer: guaranteed
available and renewable
