Indiana State Life and Health Insurance Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

Which of the following will happen if a licensed resident insurance producer moves to another state?

Producer will need to forfeit residual commissions in the home state

Producer's license shall terminate immediately

When a licensed resident insurance producer moves to another state, the correct outcome is that the producer's license shall terminate immediately in the original state of licensure. This is because a producer's license is tied to their state of residence; therefore, once the producer establishes residency in a new state, the license from their previous state is no longer valid.

Maintaining licensing across state lines requires obtaining a new license in the state where the producer is relocating. Each state has its own insurance regulations and licensing requirements, so the producer would need to apply for and meet those requirements in the new state to continue operating as an insurance producer there. This process ensures that producers are compliant with the laws and regulations specific to their new state of residency and helps protect consumers by ensuring licensed producers meet state standards.

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Producer automatically qualifies for a license

Producer remains a resident agent for another 12 months in the original state of licensure

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