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

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Total 156 Questions | Updated On: Jun 16, 2026

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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

Which life insurance rider is designed to permit young individuals to be able to purchase additional insurance as they grow older, regardless of insurability?

A : Cost of living rider.

B : Guaranteed insurability rider.

C : Impairment rider.

D : Multiple indemnity rider.

Answer: B

Question 3

An insurance producer whose license has been revoked continues to provide insurance services. Which of the following is TRUE?

A : This violation can result in a fine of up to $10,000.

B : This violation is a felony and can result in a fine of up to $5,000.

C : This violation is a misdemeanor and can result in a fine of up to $500.

D : This individual could be committed to the custody of the Department of Corrections for up to 10 years.

Answer: B

Question 4

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 5

An individual who is NOT acceptable by an insurer at standard rates because of health, habits, or occupation is called a

A : rating risk.

B : standard risk.

C : preferred risk.

D : substandard risk.

Answer: D

Page: 1 / 32

Total 156 Questions | Updated On: Jun 16, 2026

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