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Maryland Insurance Administration Life-Producer Exam Syllabus Topics:

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

1. Who normally receives dividends in a stock insurance company?

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

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

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

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

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: