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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:

SectionWeightObjectives
Accident and Health / Sickness Insurance20%- HMO, PPO, group vs individual coverage
- Mandatory benefits and state-specific health rules
- Disability income, medical expense, and long-term care
- Health insurance basics and policy provisions
Annuities and Retirement Products10%- Fixed, indexed, and variable annuities
- Tax treatment and suitability standards
General Insurance Concepts15%- Contract law and principles
- Insurable interest and risk management
- Underwriting, premium calculation, and taxation
Life Insurance Basics and Policies25%- Policy provisions, riders, and options
- Types of life insurance: term, whole, universal, variable
- Beneficiaries, claims, and settlement options
Insurance Regulation30%- Ethics, unfair trade practices, and consumer protection
- Licensing requirements and procedures
- State insurance laws and Maryland regulations
- Policy delivery, replacement rules, and disclosure

Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:

Question #1

Who has the right to change the beneficiary of an accident and health policy with a revocable beneficiary designation?

  • A. The policyowner
  • B. The beneficiary
  • C. The insurer
  • D. The producer
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

In Maryland, an insurance producer is a person who solicits, negotiates, or sells insurance plans PRIMARILY in conjunction with:

  • A. Earning commission
  • B. Enrolling individuals in group plans
  • C. Performing clerical duties
  • D. Acting as a regularly salaried officer
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

To have " an insurable interest " in the life of another person, an individual must have a reasonable expectation of:

  • A. Continuing on good terms with the other person
  • B. Seeing the other person survive to normal life expectancy
  • C. Gaining economically by the death of the other person
  • D. Benefiting from the other person's continued life
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

A business often buys life insurance on a key employee to:

  • A. Take a tax deduction
  • B. Pay the remaining balance of the key employee's mortgage
  • C. Pay for finding and training a replacement if the key employee dies prematurely
  • D. Pay estate taxes for the key employee
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

The beneficiary of a life insurance policy is the:

  • A. Person or entity who has ownership interest in the policy
  • B. Insurer that issues the policy
  • C. Owner of the cash value fund
  • D. Person or entity designated in the policy to receive the death proceeds
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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