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Taking the Exam EXAM TYPETOTAL QUESTIONSSEAT TIME (MINUTES)IN Life Producer95120IN Health Producer95120IN Life and Health Producer150180IN Property and Casualty Producer1501809 more rows
Nevertheless, the passing score for all exams is 70%, and utilizing exam study tools can help you gauge whether or not you are on target to pass on the first try. The average exam-taker should expect to spend about 35 to 40 hours studying to pass the life and health insurance exam.
If you want to be a licensed insurance agent in Indiana, you must complete a prelicensing education course from an approved education provider. The Indiana Department of Insurance (IDOI) requires potential agents to complete 20 hours of prelicensing education for each line of authority.
Taking the Exam EXAM TYPETOTAL QUESTIONSSEAT TIME (MINUTES)IN Life Producer95120IN Health Producer95120IN Life and Health Producer150180IN Property and Casualty Producer1501809 more rows
The average annual cost of long-term care insurance in Indiana for a single 55 year old is $2,436 per year, which comes out to $203 per month. However, rates depend on many factors such as age, where you live, coverage options, and plan selected.
Fortunately, under Indiana law, a life insurance company only has two years after a policy is purchased and remains in force to contest anything that was stated in the application. This is called an incontestability period.
Indiana Insurance License Application The fee for an online application is $40, plus a small transaction fee. If you wish to add a line of authority to your license later, then you will pay the same $40, plus a transaction fee.
There are several different things that can disqualify you from getting an insurance license. Applicants who have been convicted of a felony in the first degree. Applicants who have been convicted of a capital felony. Applicants who have been convicted of a felony involving money laundering, fraud, or embezzlement.