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Maryland Insurance Administration Life-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Types of Policies | - Term Life Insurance
|
| Annuities | - Annuity Principles
|
| Life Insurance Policy Riders and Provisions | - Policy Provisions
|
| Maryland Insurance Laws and Regulations | - Licensing Requirements
|
| Federal Tax Considerations | - Qualified Plans
|
Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:
1. The amount received for a life insurance policy in a viatical settlement is:
A) Less than the death benefit
B) Greater than the death benefit
C) Equal to the death benefit
D) Equal to the sum of all premiums paid
2. A producer is prohibited from:
A) Countersigning a policy sold in Maryland
B) Selling insurance to family members
C) Allowing an applicant to sign a blank or incomplete application
D) Splitting commissions with a licensed nonresident producer who has jointly sold a policy
3. Publishing a derogatory article about the financial condition of an insurer that is false and calculated to injure the insurer is an example of:
A) Defamation
B) Extortion
C) Intimidation
D) Coercion
4. An insurance producer's license may be suspended or revoked by:
A) The Attorney General
B) The appointing insurer
C) The Maryland Insurance Administration
D) The continuing education course provider
5. The Medical Information Bureau may release information in the proposed insured's file to:
A) The insured's employer
B) Member insurance companies
C) Any physician
D) Employment agencies
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |






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