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Maryland Insurance Administration Life-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Federal Tax Considerations | - Life Insurance Taxation
|
| Types of Policies | - Traditional Whole Life Products
|
| Annuities | - Annuity Benefit Options
|
| Life Insurance Policy Riders and Provisions | - Policy Provisions
|
| Maryland Insurance Laws and Regulations | - Regulatory Practices
|
Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:
1. An insurance producer's license may be suspended or revoked by:
A) The Attorney General
B) The continuing education course provider
C) The appointing insurer
D) The Maryland Insurance Administration
2. A group policy may be issued to a labor union. The members eligible for insurance under the policy shall be:
A) Members of any union
B) Healthy members of the union
C) Only members of the union who are under the age of 65
D) All of the members of the union
3. The life insurance buyer's guide includes information about all of the following EXCEPT how to:
A) Compare life insurance policy requirements
B) Decide how much life insurance to buy
C) Take civil action against an insurer
D) Calculate
4. An insurance agent's license may be revoked for all of the following reasons EXCEPT:
A) Being convicted of a felony
B) Having been found guilty of rebating
C) Violating any insurance statute or regulation
D) Having no insurer appointment in effect for ten days
5. The free-look period provided in a life insurance policy is usually:
A) 31 days
B) 45 days
C) 10 days
D) 60 days
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: C |
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