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Maryland Insurance Administration Life-Producer exam : Maryland Life Producer Exam (Series 20-27)

Life-Producer Exam Simulator
  • Exam Code: Life-Producer
  • Exam Name: Maryland Life Producer Exam (Series 20-27)
  • Updated: Aug 26, 2026
  • Q & A: 85 Questions and Answers
  • Maryland Insurance Administration Life-Producer Q&A - in .pdf

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Maryland Insurance Administration Life-Producer Exam Syllabus Topics:

SectionObjectives
Policy Provisions and Riders- Life insurance policy clauses
  • 1. Incontestability clause
    • 2. Suicide clause
      • 3. Grace period
        - Common riders
        • 1. Waiver of premium
          • 2. Living benefits riders
            • 3. Accidental death benefit
              State Regulation (Maryland Insurance Law)- Ethics and conduct
              • 1. Unfair trade practices
                • 2. Misrepresentation rules
                  - Producer licensing requirements
                  • 1. Pre-licensing education requirements
                    • 2. License application process
                      Life Insurance Products- Term life insurance
                      • 1. Level term, decreasing term
                        - Permanent life insurance
                        • 1. Variable life
                          • 2. Universal life
                            • 3. Whole life
                              - Annuities
                              • 1. Immediate and deferred annuities
                                • 2. Fixed and variable annuities
                                  Insurance Fundamentals- Insurance concepts
                                  • 1. Insurable interest
                                    • 2. Utmost good faith
                                      - Risk management principles
                                      • 1. Pure vs speculative risk
                                        • 2. Methods of handling risk (avoidance, retention, transfer)

                                          Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:

                                          1. The Medical Information Bureau may release information in the proposed insured's file to:

                                          A) The insured's employer
                                          B) Any physician
                                          C) Employment agencies
                                          D) Member insurance companies


                                          2. All of the following are common underwriting factors used by life insurance companies EXCEPT:

                                          A) Family health history
                                          B) Amount of insurance applied for
                                          C) Ethnic heritage
                                          D) Driving record


                                          3. An individual life insurance policy may include coverage for all of the following EXCEPT:

                                          A) Disability
                                          B) Long-term care
                                          C) Burial
                                          D) Workers' compensation


                                          4. Advertisements in general shall be:

                                          A) Truthful
                                          B) Clear only by implication
                                          C) Approved by the Insurance Commissioner
                                          D) Clear only by familiarity with insurance terminology


                                          5. The life insurance buyer's guide includes information about all of the following EXCEPT how to:

                                          A) Compare life insurance policy requirements
                                          B) Take civil action against an insurer
                                          C) Decide how much life insurance to buy
                                          D) Compare life insurance policy rates


                                          Solutions:

                                          Question # 1
                                          Answer: D
                                          Question # 2
                                          Answer: C
                                          Question # 3
                                          Answer: D
                                          Question # 4
                                          Answer: A
                                          Question # 5
                                          Answer: B

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