INDIANA HEALTH INSURANCE 1

A child who is eligible for the Indiana Children's Health Insurance Program will receive coverage for services until the child reaches age...

19.

A person who offers any advice or opinions on the benefits of an insurance product for a fee is known as...

AN INSURANCE CONSULTANT.

A Medicare supplement policy must meet all of the following requirements EXCEPT...

IT MUST CONTAIN A 10-DAY FREE LOOK PERIOD.

The Indiana Life and Health Insurance Guaranty Association is liable for up to what amount in cash value for a single policy...

$100,000.

The maximum fine the Commissioner may impose against a person who engages in an unfair or deceptive trade practice is...

$50,000.

In Indiana, the minimum age for a person to be licensed as an insurance producer is...

18.

A temporary license may be issued under certain conditions to an applicant for an initial period not to exceed...

180 DAYS.

Resident insurance producers must complete how many hours of continuing education before each license renewal?

24.

A producer who allows his license to lapse must pay a penalty of what amount to reinstate the license?

3 TIMES THE UNPAID RENEWAL FEE.

Long-term care policies must provide applicants with a free-look period equal to or greater than...

30 DAYS.

A licensed insurance producer in Indiana must notify the Insurance Commissioner of any change in his residential or business address within how many days after the change?

30.

With a medical expense policy, proof of loss generally must be furnished to the insurer within how many days after the date of such loss?

90.

A certificate of authority is...

A LICENSE ALLOWING AN INSURANCE PRODUCER TO WRITE CONTROLLED BUSINESS.

Which of the following statements about long-term care insurance is CORRECT?

A LONG-TERM CARE POLICY MAY PROVIDE COVERAGE FOR HOME HEALTH AND COMMUNITY CARE BENEFITS.

An insurer that is incorporated under the laws of Germany is considered to be what kind of insurer in Indiana?

ALIEN.

Which of the following statements about genetic testing in processing an application for health care coverage is CORRECT?

AN INSURER MAY NOT REQUIRE THE APPLICANT OR ANY MEMBER OF HIS OR HER FAMILY TO UNDERGO GENETIC TESTING.

The Insurance Commissioner may deny, suspend or revoke a person's insurances license for all of the following reasons EXCEPT...

CONVICTION OF A MISDEMEANOR.

In Indiana, an employers is defined as a small employer if, for at least 50% of the preceding year, it employed...

BETWEEN 2 AND 50 EMPLOYEES.

A producer's license will be ruled to have been obtained for writing controlled business if...

COMMISSIONS EARNED FROM SUCH BUSINESS IN A 12-MONTH PERIOD EXCEED 25% OF TOTAL COMMISSIONS PAID TO THE PRODUCER DURING THAT PERIOD.

Making false or derogatory statements that are intended to injure anyone in the insurance business is a practice known as...

DEFAMATION.

Which of the following employees are eligible to participate in a small employer group health plan?

EMPLOYEES WHO WORK AT LEAST 30 HOURS PER WEEK.

All of the following are powers of the Indiana Insurance Commissioner EXCEPT...

ENACTING STATE INSURANCE LAWS.

Insurance producer license renewal fees are due...

EVERY 2 YEARS.

The Insurance Commissioner examines domestic insurers...

EVERY 5 YEARS.

Compared with traditional long-term care insurance policies, the unique features that distinguishes long-term care policies issued under the Indiana partnership program is...

MEDICAID ASSET PROTECTION.

TRUE OR FALSE... The Commissioner is elected by the voters of Indiana.

FALSE

TRUE OR FALSE... Life insurance is a type of limited lines insurance...

FALSE.

TRUE OR FALSE... Readjusting group premium rates based on the current year's loss or expense experience are prohibited by Indiana's anti-rebating insurance law.

FALSE.

Membership in the Indiana Life and Health Insurance Guaranty Association is mandatory...

FOR ALL INSURERS AUTHORIZED TO DO BUSINESS IN INDIANA.

Which of the following renewability provisions is allowed in Medicare supplement policies issued in Indiana?

GUARANTEED RENEWABLE.

What is NOT a required provision for accident and health insurance policies?

INFLATION PROTECTION.

If after a hearing, the Insurance Commissioner believes a producer or company has engaged in an unfair practice, what action can the Commissioner take?

ISSSUE A CEASE AND DESIST ORDER.

Which of the following statements concerning the Indiana Life and Health Insurance Guaranty Association is CORRECT...

PRODUCERS MAY NOT PROMOTE THE ASSOCIATION'S EXISTENCE IN ANY MANNER SO AS TO INDUCE THE PURCHASE OF A POLICY.

All of the following statements concerning Medicare supplement policies are correct EXCEPT...

PRODUCERS SHOULD ENCOURAGE APPLICANTS TO PURCHASE MORE THAN 1 POLICY IF THEY CAN AFFORD TO DO SO.

All accident and sickness policies must cover new born children of the insured from...

THE MOMENT OF BIRTH.

Making representations with the intent to induce someone to lapse, forfeit, or surrender an insurance policy is a practice known as...

TWISTING.