Free Maryland Insurance Administration Life-Producer Exam Questions

Become Maryland Insurance Administration Certified with updated Life-Producer exam questions and correct answers

Page: 1 / 18

Total 90 Questions | Updated On: Dec 29, 2024

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Question 1

An insurance producer's license may be suspended or revoked by:

A : The appointing insurer

B : The continuing education course provider

C : The Maryland Insurance Administration

D : The Attorney General

Answer: C

Question 2

One factor in premium determination is the expenses of the:

A : Producer

B : Insurer

C : Policy beneficiary

D : Policy owner

Answer: B

Question 3

The penalty tax incurred for premature distributions from an IRA is:

A : 5%

B : 10%

C : 20%

D : 50%

Answer: B

Question 4

All of the following are common underwriting factors used by life insurance companies EXCEPT:

A : Ethnic heritage

B : Amount of insurance applied for

C : Driving record

D : Family health history

Answer: A

Question 5

The purpose of licensing insurance agents is to:

A : Limit the number of agents who do business within Maryland

B : Demonstrate that the agent is qualified to act on behalf of insurers in Maryland

C : Monitor insurance sales activity in Maryland

D : Regulate rates to prevent unfair discrimination among insureds

Answer: B

Page: 1 / 18

Total 90 Questions | Updated On: Dec 29, 2024

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