Indiana Personal Lines Insurance License Exam — All Questions

Which agency issues resident personal lines insurance producer licenses in Indiana?

• a.Indiana Bureau of Motor Vehicles, Insurance Division
• b.Indiana Department of Insurance✓
• c.The federal Department of Insurance
• d.Indiana Insurance Commission

Insurance in Indiana is regulated at the state level by the Indiana Department of Insurance (IDOI), which licenses producers, reviews rates and forms, and enforces the state insurance code. There is no federal insurance department. Source: Indiana Department of Insurance (https://www.in.gov/idoi/).

After a producer is licensed in Indiana, what generally must occur before he or she can transact business for a specific insurer?

• a.The producer must complete five supervised sales on a temporary permit
• b.The producer must post a personal surety bond with the state treasurer
• c.The insurer must appoint the producer, and the appointment is filed with the Indiana Department of Insurance✓
• d.Nothing further; the license alone authorizes sales for any insurer

A license lets a person act as a producer, but to represent a particular company that insurer must appoint the producer, with the appointment recorded by the Indiana Department of Insurance. A producer may hold appointments from several insurers at once, following the NAIC producer-licensing model.

Which statement about continuing education (CE) for resident personal lines producers in Indiana is correct?

• a.CE must be completed once, in the first year, and never again
• b.Passing the licensing exam permanently exempts a producer from CE
• c.CE is optional and only suggested for newly licensed producers
• d.Resident producers must complete state-approved CE each renewal cycle to keep the license active; confirm the exact hours and ethics requirement with the Indiana Department of Insurance✓

Like other states, Indiana requires resident producers to complete approved continuing education every renewal cycle, typically including an ethics component. Specific hour totals change, so verify the current CE requirement with the Indiana Department of Insurance (https://www.in.gov/idoi/).