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Maryland Insurance Administration Life-Producer Exam Syllabus Topics:

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

Question 1

Who normally receives dividends in a stock insurance company?

A. Beneficiaries
B. Shareholders
C. Only members of the board of directors
D. Producers

Question 2

In determining the payment of accelerated life insurance benefits, all of the following are considered activities of daily living EXCEPT:

A. Eating
B. Speaking
C. Bathing
D. Dressing

Question 3

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

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

Question 4

To determine whether unfair trade practices have been violated, who has the power to examine an insurer's books and records?

A. The Maryland Property & Casualty Insurance Guaranty Corporation (PCIGC)
B. The National Association of Insurance Commissioners
C. The Maryland Insurance Administration
D. The Federal Deposit Insurance Corporation

Question 5

A licensee must report each of the following to the Maryland Insurance Administration EXCEPT:

A. Change in financial status
B. Change of name
C. Change of residence address
D. Felony convictions

Solutions: