Maryland Life and Health Insurance Licensing Exam Questions And Updated Answers.
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Course
Maryland life prelicensing
Institution
Maryland Life Prelicensing
After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? - Answer File written proof of loss
Which of these factors help determine an insured's life insurance premium? - Answer Avocation (hobby)
The Life and Health Guaranty Corporation provides f...
Maryland Life and Health Insurance
Licensing Exam Questions And Updated
Answers.
After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? -
Answer File written proof of loss
Which of these factors help determine an insured's life insurance premium? - Answer Avocation
(hobby)
The Life and Health Guaranty Corporation provides funds to carry out its powers and duties by assessing
- Answer Member insurers
Lifetime protection - Answer A limited payment whole life policy provides
Decreasing term life - Answer The least expensive option to pay off a 30-yea mortgage balance would
be?
May never raise premiums - Answer In contrast to a guaranteed renewable policy, a noncancellable
policy
Period of time after the premium is due but the policy remains in force - Answer What is an insurance
policy's grace period?
30 days - Answer The standard grace period for a life insurance policy sold in Maryland is
At least 21 years old - Answer Which of the following is NOT a requirement for soliciting insurance in
Maryland?
Medicare supplement Plan F - Answer Which type of plan would be most appropriate for an individual
on Medicare and is concerned that Medicare will NOT pay for charges exceeding the approved amount?
, Variable life insurance - Answer A securities license is required for a life insurance producer to sell
Master policy - Answer What is the contract called that is issued to an employer for a Group Medical
Insurance Plan?
Insurable interest can be established sufficiently by sentimental attachment alone - Answer In regards
to a life insurance contract, which of the following statements is NOT true regarding the concept of
insurable interest?
How to take legal action against an insurance company - Answer Which of the following is NOT
information found in a life insurance buyer's guide?
Lower than the typical whole life policy during the first few years and then higher than typical for the
remainder - Answer The premium for a Modified whole life policy is?
Nonresident producer - Answer A producer who is licensed in Maryland but resident in another state is
called a?
Taxable income - Answer Justin is receiving disability income benefits from a group policy paid for by
his employer. How are these benefits treated for tax purposes?
Excludes payments for a short-term illness or injury - Answer The waiting period for a disability
insurance policy
Adjustable Life (Adjustable Life allows the policyowner to change two policy features: premium and face
amount) - Answer A policyowner may change two policy features on what type of life
Change of occupation (The change of occupation provision is considered an OPTIONAL provision) -
Answer Which of the following is NOT a required provision in an accident and health insurance policy?
Annuity - Answer Fixed period settlement options are considered to be a form of a(n)
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