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Maryland Insurance Administration Life-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Maryland Insurance Laws and Regulations | - Regulatory Practices
|
| Types of Policies | - Term Life Insurance
|
| Annuities | - Annuity Principles
|
| Federal Tax Considerations | - Qualified Plans
|
| Life Insurance Policy Riders and Provisions | - Policy Riders
|
Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:
If a life insurer denies a policy of life insurance, the insurer shall disclose the results of any medicalexamination administered to determine insurability to the:
- A. Beneficiary of the policy
- B. Company's underwriter
- C. Physician that furnished medical information to the insurer
- D. Physician of the applicant's choice upon the request of the applicant
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
To determine whether unfair trade practices have been violated, who has the power to examine an insurer's books and records?
- A. The Federal Deposit Insurance Corporation
- B. The Maryland Property & Casualty Insurance Guaranty Corporation (PCIGC)
- C. The National Association of Insurance Commissioners
- D. The Maryland Insurance Administration
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
An employee with $50,000 group life insurance coverage terminates employment and submits an application WITHOUT the initial premium for a $50,000 conversion policy. If the employee dies 15 days later, the insurer would pay:
- A. $50,000 under the group plan
- B. Nothing at all
- C. $50,000 under the new policy, less the initial premium amount due
- D. $50,000 under the new policy
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
A life insurance policy beneficiary's life expectancy has a direct bearing upon:
- A. The premium rate for each $1,000 of face amount
- B. The taxable portion of each benefit payment under a life income settlement option
- C. The policy value that will be includable in the insured's estate
- D. The total amount payable under the policy as a result of the insured's death
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
An insurer may refuse to underwrite a particular insurance applicant for a reason based wholly on:
- A. Medical condition
- B. Race
- C. Gender
- D. Creed
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).

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