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Maryland Insurance Administration Life-Producer valid - in .pdf

Life-Producer pdf
  • Exam Code: Life-Producer
  • Exam Name: Maryland Life Producer Exam (Series 20-27)
  • Q & A: 85 Questions and Answers
  • PDF Price: $59.99
  • Free Demo

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  • Exam Code: Life-Producer
  • Exam Name: Maryland Life Producer Exam (Series 20-27)
  • Q & A: 85 Questions and Answers
  • PDF Version + PC Test Engine + Online Test Engine
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Maryland Insurance Administration Life-Producer valid - Testing Engine

Life-Producer Testing Engine
  • Exam Code: Life-Producer
  • Exam Name: Maryland Life Producer Exam (Series 20-27)
  • Q & A: 85 Questions and Answers
  • Software Price: $59.99
  • Testing Engine

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Maryland Insurance Administration Life-Producer Exam Syllabus Topics:

SectionObjectives
Insurance Fundamentals- Insurance concepts
  • 1. Insurable interest
    • 2. Utmost good faith
      - Risk management principles
      • 1. Pure vs speculative risk
        • 2. Methods of handling risk (avoidance, retention, transfer)
          State Regulation (Maryland Insurance Law)- Ethics and conduct
          • 1. Misrepresentation rules
            • 2. Unfair trade practices
              - Producer licensing requirements
              • 1. License application process
                • 2. Pre-licensing education requirements
                  Policy Provisions and Riders- Life insurance policy clauses
                  • 1. Grace period
                    • 2. Suicide clause
                      • 3. Incontestability clause
                        - Common riders
                        • 1. Living benefits riders
                          • 2. Accidental death benefit
                            • 3. Waiver of premium
                              Life Insurance Products- Permanent life insurance
                              • 1. Universal life
                                • 2. Variable life
                                  • 3. Whole life
                                    - Term life insurance
                                    • 1. Level term, decreasing term
                                      - Annuities
                                      • 1. Fixed and variable annuities
                                        • 2. Immediate and deferred annuities

                                          Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:

                                          Question #1

                                          The life insurance buyer's guide includes information about all of the following EXCEPT how to:

                                          • A. Compare life insurance policy rates
                                          • B. Take civil action against an insurer
                                          • C. Decide how much life insurance to buy
                                          • D. Compare life insurance policy requirements
                                          Answer: B

                                          Explanation: Only visible for ValidBraindumps members. You can sign-up / login (it's free).

                                          Question #2

                                          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. Subrogation
                                          • C. Estoppel
                                          • D. Adhesion
                                          Answer: C

                                          Explanation: Only visible for ValidBraindumps members. You can sign-up / login (it's free).

                                          Question #3

                                          A producer is prohibited from:

                                          • A. Allowing an applicant to sign a blank or incomplete application
                                          • B. Selling insurance to family members
                                          • C. Countersigning a policy sold in Maryland
                                          • D. Splitting commissions with a licensed nonresident producer who has jointly sold a policy
                                          Answer: A

                                          Explanation: Only visible for ValidBraindumps members. You can sign-up / login (it's free).

                                          Question #4

                                          All of the following factors may affect premium determination in individual life insurance EXCEPT:

                                          • A. Health
                                          • B. Occupation
                                          • C. Age
                                          • D. Race
                                          Answer: D

                                          Explanation: Only visible for ValidBraindumps members. You can sign-up / login (it's free).

                                          Question #5

                                          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. Coercion
                                          • B. Defamation
                                          • C. Extortion
                                          • D. Intimidation
                                          Answer: B

                                          Explanation: Only visible for ValidBraindumps members. You can sign-up / login (it's free).

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