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

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

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

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
Answer: D

Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

The Maryland State Benchmark Plan applies to which of the following?

  • A. Medicaid plans sold through the Exchange
  • B. Medicare supplement plans sold outside the Exchange prior to January 1, 2014
  • C. Individual Health Benefit Plans sold outside the Exchange prior to January 1, 2014
  • D. Individual Health Benefit Plans sold through the Exchange
Answer: D

Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

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

  • A. Employment agencies
  • B. The insured ' s employer
  • C. Member insurance companies
  • D. Any physician
Answer: C

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Which of the following is a requirement of an insurable risk?

  • A. The chance of loss must be calculable.
  • B. The loss must be catastrophic.
  • C. There must be a large number of different loss exposures.
  • D. The loss must be intentional.
Answer: A

Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

In a speech to a local producers' association, a producer incorrectly stated that XYZ Insurance Company is in financial difficulty and not paying claims. The producer may be guilty of:

  • A. Alienation
  • B. Commingling
  • C. Defamation
  • D. False advertising
Answer: C

Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

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