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: Aug 20, 2026

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Question 1

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 2

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 3

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

Question 4

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

Question 5

Which of the following BEST describes a waiver of premium clause in a typical disability policy?

A : The waiver of premium benefit pays the policy premium during a disability claim.

B : This clause eliminates any premium being paid for the lifetime of the insured individual.

C : The monthly benefit under the policy is reduced to offset the premium that is no longer being paid.

D : This clause generally begins immediately with the doctor stating that the insured person is completely disabled.

Answer: A

Page: 1 / 32

Total 156 Questions | Updated On: Aug 20, 2026

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