INDIANA LIFE INSURANCE EXAM PART 1 AND PART 2

INDIANA LIFE INSURANCE EXAM PART 1 AND PART 2
NEWEST ACTUAL EXAM COMPLETE 280 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
Commissioner must examine insurer's every... - ANSWER: 5 years

Commissioner must notify a producer of a hearing on unfair trade practice within... -
ANSWER: 5 days

A hearing must be held after written demand within... - ANSWER: 30 days

After an unfair claims complaint, the company must respond within... - ANSWER: 20
days

To demand a hearing after notice of license denial or non-renewal, a producer has...
- ANSWER: 63 days

The Commissioner must act regarding an unfair claim complaint within... - ANSWER:
10 business days

Violations of Indiana Insurance Code will result in a Class A Misdemeanor, which
carries the penalty of... - ANSWER: $5k fine and/or one year in jail

Insurers must inform Commissioner that a producer has been terminated within... -
ANSWER: 30 days

Insurers must report new directors/principals to DOI within... - ANSWER: 30 days

Minimum age to apply for an insurance license - ANSWER: 18

Renewal fees are due every ___ years and cost $___? - ANSWER: 2, $40

You have ___ months to reinstate a lapsed license without taking the exam -
ANSWER: 12

A producer must notify the Commissioner of a change of address within... - ANSWER:
30 days

How many CE hours/credits are needed for renewal? - ANSWER: 24

A consultant's license is valid for... - ANSWER: 24 months

A temporary license is valid for... - ANSWER: 180 days