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Maryland Insurance Administration Life-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Federal Tax Considerations | - Qualified Plans
|
| Life Insurance Policy Riders and Provisions | - Policy Riders
|
| Maryland Insurance Laws and Regulations | - Regulatory Practices
|
| Annuities | - Annuity Principles
|
| Types of Policies | - Traditional Whole Life Products
|
Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:
1. Which one of the following life insurance settlement options pays a predetermined monthly benefit until principal and interest are exhausted?
A) The accelerated endowment option
B) The interest-only option
C) The fixed period installment option
D) The fixed amount installment option
2. 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) Extortion
B) Defamation
C) Coercion
D) Intimidation
3. All of the following factors may affect premium determination in individual life insurance EXCEPT:
A) Race
B) Occupation
C) Age
D) Health
4. Which contract offers flexible deposits, deferred taxation, a guaranteed minimum interest rate, and death proceeds equal to the cash value?
A) An adjustable whole life insurance policy
B) A universal life insurance policy
C) A flexible premium fixed annuity
D) An available deferred annuity
5. The beneficiary of a life insurance policy is the:
A) Person or entity who has ownership interest in the policy
B) Insurer that issues the policy
C) Owner of the cash value fund
D) Person or entity designated in the policy to receive the death proceeds
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: D |


