Free Maryland Insurance Administration Life-and-Accident-Health-Sickness-Producer Exam Questions

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

Page: 1 / 32

Total 156 Questions | Updated On: Apr 27, 2026

Add To Cart

Question 1

How is ownership of a mutual insurance company evidenced?

A : ownership of stock

B : bonds of the company

C : ownership of a policy

D : certificate of deposit

Answer: C

Question 2

When a life insurance or annuity replacement policy is sold, the policyowner has a right to return the policy for a full refund of premium within

A : 3 days.

B : 7 days.

C : 14 days.

D : 20 days.

Answer: D

Question 3

How long is the contestable period for a life insurance policy?

A : 6 months

B : 12 months

C : 24 months

D : 36 months

Answer: C

Question 4

Which of the following is NOT a right of the life insurance policyowner?

A : Assign or transfer the policy.

B : Borrow from the cash values.

C : Select and change a beneficiary.

D : Revoke an absolute assignment.

Answer: D

Question 5

All documents required under law in an insurance transaction may be stored, delivered, or presented by electronic means so long as it meets the requirements of the

A : Uniform Commercial Code.

B : Uniform Electronic Transaction Act.

C : Oklahoma Insurance Commissioner.

D : National Association of Insurance Commissioners.

Answer: B

Page: 1 / 32

Total 156 Questions | Updated On: Apr 27, 2026

Add To Cart