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Maryland Insurance Administration Life-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Insurance Concepts | 15% | - Fundamental principles
|
| Topic 2: Insurance Regulation | 15% | - State insurance laws and administration
|
| Topic 3: Life Insurance Policies | 25% | - Policy types and provisions
|
| Topic 4: Life Insurance Underwriting and Premiums | 15% | - Risk assessment and pricing
|
| Topic 5: Annuities and Retirement Products | 15% | - Types and features
|
| Topic 6: Federal and State Tax Considerations | 10% | - Tax treatment of policies and benefits
|
Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:
1. 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) Intimidation
B) Coercion
C) Defamation
D) Extortion
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) Intimidation
B) Coercion
C) Defamation
D) Extortion
3. The Medical Information Bureau may release information in the proposed insured's file to:
A) The insured's employer
B) Employment agencies
C) Member insurance companies
D) Any physician
4. The needs approach to personal life insurance planning includes the creation of an emergency reserve fund.
This fund is designed primarily to:
A) Pay for college tuition and books
B) Cover the cost of unexpected expenses
C) Provide retirement income
D) Pay off an existing mortgage
5. When a wage earner dies, the surviving family members may have all of the following expenses EXCEPT:
A) Family living expenses
B) Final expenses
C) Death taxes
D) Unemployment tax liabilities
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |
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