Indiana Life and Health Insurance Exam: Complete Guide

Indiana's Life and Health insurance exams are Pearson VUE-administered tests available as separate exams (Life: ~95-100 questions; A&H: ~100 questions; both at $69, ~120 minutes each) or as the combined Life & Health exam (150 questions, $69, 180 minutes). Both formats use multiple-choice questions with immediate results. The state portion covers IDOI Commissioner authority, Indiana Code Title 27 producer licensing provisions, Healthcare.gov (Indiana uses the federal exchange — NOT a state-based marketplace), Indiana's HIP 2.0 Medicaid expansion (Healthy Indiana Plan with distinctive POWER account member contributions), the Annuity Best Interest training requirement (760 IAC 1-72-4.5; effective July 1, 2024), and Indiana's modified comparative fault (51% bar) on the P&C side. PLE — 20 hours per line, 6-month validity — must be completed before the exam, and the Certificate of Completion brought to the exam center. Here's the complete guide.

Exam Format and Specs

Statistical equating: Indiana exams use statistical equating across forms — different candidates may see different questions (different "forms"). The number of correct answers required to pass may vary slightly across forms to account for difficulty differences, ensuring all candidates demonstrate equivalent knowledge.

OnVUE rule: Only 1 online attempt; all retakes in-person at Pearson VUE or Ivy Tech.

Combined exam strategy: Combined Life & Health (150 questions, 180 minutes, $69) covers both lines in one sitting at the same price as one individual exam. For candidates pursuing both lines, the combined exam saves $69 and one exam sitting.

Retakes: Unlimited; 48-hour wait.

Life Exam Content (~95-100 Questions)

National/General Content (~70-75 questions):

Types of Policies (~15 questions):

Whole life (straight, limited pay, single premium, modified)

Term life (level, decreasing, annually renewable, convertible)

Universal life (traditional, indexed, variable)

Annuities (fixed, variable, indexed; immediate vs. deferred) — specifically relevant given Indiana's July 2024 Annuity Best Interest rule

Combination products

Policy Riders, Provisions, Options, and Exclusions (~15 questions):

Grace period; reinstatement; incontestability; misstatement of age

Non-forfeiture options; settlement options

Riders; exclusions

Completing the Application, Underwriting, and Delivering the Policy (~10 questions):

Application completion; initial premium; policy delivery; contract law

Taxes, Retirement, and Other Insurance Concepts (~15 questions):

Tax treatment; MEC; 1035 exchanges; qualified plans

Other common content:

Insurable interest; types of insurers; reinsurance; HIPAA; viatical settlements

Indiana State Section (~20-25 questions):

Common to all IN exams:

IDOI: Indiana Department of Insurance; Commissioner Amy L. Beard; 311 West Washington Street, Suite 103, Indianapolis, IN 46204-2787; 317-232-2389; [email protected]; in.gov/idoi

IC 27-1-15.6: Producer licensing statute; PLE 20 hrs/line; 6-month certificate validity; bring Certificate to exam; $69 Pearson VUE; 70%; 48-hr retake; 1 OnVUE attempt; Gemalto fingerprint ~$47.35; $40 NIPR application; 5-7 business day processing; 180-day temp license; renewal 2 years/$40; late fee $160; CE 24 hrs/3 Ethics; professional org up to 2 hrs CE

Unfair practices: Indiana insurance unfair trade practices by name

IDOI exam partnership: Pearson VUE + Ivy Tech Community College + military sites worldwide

Life-specific state section:

Annuity Best Interest (760 IAC 1-72-4.5; eff. July 1, 2024): One-time 4-hour training before selling annuities; life line producers; within 6 months of rule effective date or obtaining life line; contact brwalters@idoi.in.gov

Indiana replacement regulations

Free-look period requirements under Indiana law

Indiana life insurance policy provisions

Accident & Health Exam Content (~100 Questions)

National Content (~70-75 questions):

Health plan types (HMO, PPO, POS, EPO); disability income; Medicare Parts A/B/C/D; Medicare Supplement; LTC; ACA provisions; COBRA; HIPAA; group health; dental

Indiana State Section (~20-25 questions):

Critical IN A&H state law facts:

Healthcare.gov (most tested IN A&H state fact): Indiana uses Healthcare.gov — the federal ACA exchange — NOT a state-based exchange. Indiana producers selling marketplace plans do so through Healthcare.gov. This distinguishes Indiana from Maryland (Maryland Health Connection), NJ (Get Covered NJ), MN (MNsure), and CO (Connect for Health CO) — all state exchanges. Indiana, Ohio, Tennessee, Virginia, and most other states use Healthcare.gov.

HIP 2.0 (Healthy Indiana Plan) — Indiana's distinctive Medicaid expansion: Indiana expanded Medicaid through HIP 2.0 (Healthy Indiana Plan 2.0) — a distinctive approach with:

Adults up to 138% FPL qualify

POWER accounts: Member contributions to a health spending account — a distinctively Indiana Medicaid feature. Members who contribute to their POWER account receive enhanced benefits (HIP Plus); those who don't get HIP Basic

HIP 2.0 is specifically Indiana — no other comparison state has an equivalent POWER account mechanism

Indiana does NOT have its own individual health insurance mandate — no state tax penalty for being uninsured.

Indiana health insurance mandates: Indiana has specific state-mandated health insurance benefits — verify current mandates at IDOI website.

Combined Life & Health Exam (150 Questions)

Covers both Life and A&H national content plus all Indiana state law for both lines. At the same $69 fee as a single exam, the combined is the most efficient path for candidates pursuing both credentials.

5 Frequently Asked Questions

• Does Indiana use Healthcare.gov or a state-based ACA exchange? Healthcare.gov — Indiana does not have its own state-based ACA marketplace. Indiana producers selling marketplace plans do so through Healthcare.gov, the federal exchange. This is tested on the Indiana A&H state section and is a key distinction from states with their own exchanges.
• What is Indiana's HIP 2.0 and why is it tested? HIP 2.0 (Healthy Indiana Plan 2.0) is Indiana's distinctive Medicaid expansion approach. Unlike standard Medicaid expansion (where the state covers all eligible adults at 138% FPL without member cost-sharing), HIP 2.0 includes POWER accounts — member contributions to a health spending account. Members who contribute get HIP Plus (with better benefits); those who don't get HIP Basic. This distinctively Indiana structure is tested because it creates advisory context around helping clients understand their HIP Plus vs. HIP Basic eligibility and benefits.
• What is the Annuity Best Interest training requirement (760 IAC 1-72-4.5)? Effective July 1, 2024, Indiana requires any producer with a life insurance line of authority who intends to sell annuities to complete a one-time 4-hour Best Interest Standards of Conduct training course approved by IDOI. New life line holders after July 1, 2024 must complete the training within 6 months of obtaining the life line before selling annuities. This is both a licensing/CE requirement and a state exam topic.
• How does Indiana's statistical equating affect exam scoring? Indiana uses statistical equating across exam forms — different candidates see different versions of the exam. The number of correct answers required to pass varies slightly by form difficulty, but all passing scores represent equivalent knowledge. This means you cannot know exactly how many questions you need to answer correctly — instead, focus on demonstrating genuine mastery across all exam content areas.
• What is the per-question time on the combined Life & Health exam? 150 questions in 180 minutes = 72 seconds per question. This is slightly tighter than the individual Life exam (~73-76 seconds per question at 95-100 questions in 120 minutes). The combined exam's 3-hour format is manageable but requires pacing discipline — don't linger more than 90 seconds on any one question.

Prepare for the Indiana Life & Health Exam

Indiana's state section — IDOI structure, Healthcare.gov, HIP 2.0 POWER accounts, Annuity Best Interest training, and modified comparative fault — rewards candidates who prepare specifically for Indiana's unique regulatory and market context. JustInsurance's IDOI-approved Indiana courses cover the full Pearson VUE content outline.

Enroll today and prepare for the Indiana exam with confidence.