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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:

SectionWeightObjectives
Insurance Regulation30%- Licensing requirements and procedures
- Policy delivery, replacement rules, and disclosure
- State insurance laws and Maryland regulations
- Ethics, unfair trade practices, and consumer protection
Accident and Health / Sickness Insurance20%- Disability income, medical expense, and long-term care
- Health insurance basics and policy provisions
- Mandatory benefits and state-specific health rules
- HMO, PPO, group vs individual coverage
General Insurance Concepts15%- Underwriting, premium calculation, and taxation
- Contract law and principles
- Insurable interest and risk management
Life Insurance Basics and Policies25%- Types of life insurance: term, whole, universal, variable
- Policy provisions, riders, and options
- Beneficiaries, claims, and settlement options
Annuities and Retirement Products10%- Tax treatment and suitability standards
- Fixed, indexed, and variable annuities

Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:

1. Medical expense insurance typically EXCLUDES coverage for:

A) Hospital laboratory tests
B) Hospital care extending past 30 days
C) Maternity care benefits
D) Expenses incurred for primarily cosmetic surgery


2. At the request of a small group medical plan policyholder, the insurer must disclose all of the following EXCEPT:

A) All available benefits
B) The renewability provisions
C) The insurer's right to increase premium rates
D) The insurer's expenses


3. The purpose of regulation of insurance advertising is to do all of the following EXCEPT:

A) Prevent unfair competition among insurers
B) Present an accurate description of insurance to the public
C) Establish minimum standards of conduct
D) Maintain a low profile for insurance products


4. The phrase, "this policy pays $1,800 for hospital room and board expenses," should include the:

A) Maximum daily benefit and the minimum time limit for hospital room and board expenses
B) Maximum daily benefit and the maximum time limit for hospital room and board expenses
C) Minimum daily benefit and the maximum time limit for hospital room and board expenses
D) Minimum daily benefit and the minimum time limit for hospital room and board expenses


5. An insurance producer who conducts business under an assumed or fictitious name must:

A) Post a $10,000 bond
B) Apply for an additional appointment
C) File the name with the Insurance Administration
D) Apply for an additional license


Solutions:

Question # 1
Answer: D
Question # 2
Answer: D
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: C

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