Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) - Life-Producer Exam Questions
QUESTION NO: 1
In surrendering a life insurance contract for its cash value, the total of premiums paid less the total of any dividends received in cash or used to offset premiums is:
In surrendering a life insurance contract for its cash value, the total of premiums paid less the total of any dividends received in cash or used to offset premiums is:
Correct Answer: D
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QUESTION NO: 2
If a life insurer denies a policy of life insurance, the insurer shall disclose the results of any medicalexamination administered to determine insurability to the:
If a life insurer denies a policy of life insurance, the insurer shall disclose the results of any medicalexamination administered to determine insurability to the:
Correct Answer: C
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QUESTION NO: 3
Which life annuity contract feature provides that benefit payments will continue for a minimum number of years regardless of when the annuitant dies?
Which life annuity contract feature provides that benefit payments will continue for a minimum number of years regardless of when the annuitant dies?
Correct Answer: B
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QUESTION NO: 4
Which of the following statements about participating life insurance is true?
Which of the following statements about participating life insurance is true?
Correct Answer: B
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QUESTION NO: 5
Who normally receives dividends in a stock insurance company?
Who normally receives dividends in a stock insurance company?
Correct Answer: C
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QUESTION NO: 6
When a wage earner dies, the surviving family members may have all of the following expenses EXCEPT:
When a wage earner dies, the surviving family members may have all of the following expenses EXCEPT:
Correct Answer: C
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QUESTION NO: 7
Which amount may be deposited into a rollover individual retirement account (IRA) for the purpose of deferring income taxes?
Which amount may be deposited into a rollover individual retirement account (IRA) for the purpose of deferring income taxes?
Correct Answer: A
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QUESTION NO: 8
Which one of the following life insurance settlement options pays a predetermined monthly benefit until principal and interest are exhausted?
Which one of the following life insurance settlement options pays a predetermined monthly benefit until principal and interest are exhausted?
Correct Answer: A
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QUESTION NO: 9
An insurance producer who conducts business under an assumed or fictitious name must:
An insurance producer who conducts business under an assumed or fictitious name must:
Correct Answer: A
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