Which statement regarding Indiana Limited Lines licenses is true?

The correct statement regarding Indiana Limited Lines licenses is that the continuing education requirements for Limited Lines licenses are less than those for a standard Resident Producer's license. In Indiana, Limited Lines licenses are designed for specific types of insurance, such as life insurance, accident and health insurance, or other specialized areas. As such, the continuing education mandate for Limited Lines licensees reflects the more narrow scope of their practice compared to full Resident Producers, who are required to meet more extensive continuing education requirements due to their broader authority to sell various types of insurance products. This distinction is vital for maintaining appropriate knowledge and competency levels in the respective fields of insurance.

Regarding the other statements, while it's true that a person must typically meet certain age requirements to hold a license, there are exceptions, as seen in some limited lines circumstances. Pre-licensing education may not always be required for Limited Lines licenses, which makes option B a possibility for some cases but not universally applicable. Additionally, while some Limited Lines may have relaxed requirements concerning exams, there are still instances where an exam is necessary. Therefore, the clarity in continuing education requirements for Limited Lines licenses compared to Resident Producer licenses stands out as the correct point.