Indiana Insurance Law & Code
Beyond getting licensed, Indiana producers must know the substantive rules that protect policyholders. This chapter covers the structure of the state insurance code and the Indiana Department of Insurance's rule-making authority, required policy protections such as the free-look right, the state life and health insurance guaranty association, and replacement and claims protections. These are Indiana-specific overlays on the national policy provisions.
The Indiana Insurance Code and Regulator Rules
The Indiana insurance code is the body of statutes governing insurers, producers, policies, and market conduct, and the Indiana Department of Insurance adopts administrative rules to implement it. Different provisions address different subjects, such as licensing, required policy language, unfair trade practices, and claims handling. Knowing that the code and the regulator's rules together control what a producer may and may not do is foundational.
Required Policyholder Protections
Indiana requires certain protections in individual policies. A key example is the free-look, or right-to-examine, provision, which lets a policyowner return a newly delivered individual life policy within a stated period (commonly at least 10 days) for a full premium refund; replacement and senior sales often carry a longer window. State law also governs grace periods, required disclosures, and replacement notices so consumers understand what they buy.
Guaranty Association and Claims Protections
The Indiana life and health insurance guaranty association pays certain covered claims, up to statutory dollar limits, when a member insurer becomes insolvent. Indiana law prohibits using the association's existence as a sales inducement or in advertising, so it is a backstop rather than a selling point. State law also sets standards for how insurers must acknowledge, investigate, and pay or deny claims, and prohibits unfair or unreasonably delayed claim settlement.
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State-specific details
State exam facts
- State regulator
- Indiana Department of Insurance
- Exam vendor
- Pearson VUE
- Prelicensing education
- 40 hours for the combined life & health license
- Passing score
- 70%
Who regulates life & health insurance licensing in Indiana?
The Indiana Department of Insurance (IDOI) licenses resident producers and contracts with Pearson VUE to administer the licensing examinations.
Does Indiana require prelicensing education for the life & health exam?
Yes. Indiana requires 40 hours of state-approved prelicensing education for the combined life & health license before sitting for the exam; the course certificate is valid for a limited window.
How is the Indiana life & health exam administered?
The exam is delivered by Pearson VUE, and a score of 70% or higher is required to pass.
Sources: https://www.in.gov/idoi/licensing/resident-licensing/examination-procedure-checklist, https://www.pearsonvue.com/us/en/in/insurance.html
In the Indiana Life & Health Insurance Producer Exam guide: A KEY CONCEPT box, a Common Traps list and a Check Yourself set closing each of the 9 national chapters. Practice here stays free.