Maryland Life Producer Exam (Series 20-27): Life-Producer Exam Premium File as PDF & Test Engine

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Maryland Insurance Administration Life-Producer Exam Syllabus Topics:

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

1. A producer is prohibited from:

A) Splitting commissions with a licensed nonresident producer who has jointly sold a policy
B) Allowing an applicant to sign a blank or incomplete application
C) Selling insurance to family members
D) Countersigning a policy sold in Maryland

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

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

3. The income benefits distributed during the liquidation phase of an annuity contract are normally payable to:

A) The beneficiary
B) The owner
C) The nominator
D) The annuitant

4. The annual addition to an employee's account in a qualified retirement plan:

A) Can be any amount as determined by the employer from year to year
B) Usually reflects the employee's individual work performance each year
C) Cannot exceed maximum limits set by the Internal Revenue Service
D) Must be the same dollar amount for every full-time employee

5. Publishing a derogatory article about the financial condition of an insurer that is false and calculated to injure the insurer is an example of:

A) Extortion
B) Intimidation
C) Defamation
D) Coercion

Solutions: