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Maryland Insurance Administration Life-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Life Insurance Policies | 25% | - Policy types and provisions
|
| Life Insurance Underwriting and Premiums | 15% | - Risk assessment and pricing
|
| General Insurance Concepts | 15% | - Fundamental principles
|
| Federal and State Tax Considerations | 10% | - Tax treatment of policies and benefits
|
| Annuities and Retirement Products | 15% | - Types and features
|
| Insurance Regulation | 15% | - State insurance laws and administration
|
Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:
Who normally receives dividends in a stock insurance company?
- A. Only members of the board of directors
- B. Producers
- C. Shareholders
- D. Beneficiaries
Correct Answer: C 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).
In the event of a death claim under a life insurance policy, what happens to the amount of any existing policy loan?
- A. It represents a primary claim against the estate of the insured.
- B. The beneficiary has an obligation to pay the amount to the insurance company.
- C. It is deducted from the face amount of the policy together with any interest due.
- D. It is canceled, and the beneficiary receives the face amount of the policy.
Correct Answer: C 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).
Which life annuity contract feature provides that benefit payments will continue for a minimum number of years regardless of when the annuitant dies?
- A. Installment refund
- B. Cost recovery
- C. Cash refund
- D. Period certain
Correct Answer: D 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).
If an insurer knowingly fails to enforce a policy provision on one occasion, the insurer may be prevented from enforcing it on a subsequent occasion by the principle of:
- A. Waiver
- B. Adhesion
- C. Estoppel
- D. Subrogation
Correct Answer: C 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).
All of the following factors may affect premium determination in individual life insurance EXCEPT:
- A. Health
- B. Age
- C. Race
- D. Occupation
Correct Answer: C 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).

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