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Maryland Life & Health Producer Exam Practice
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How soon can the benefit payments begin with a deferred
annuity? - Answer-A minimum of 12 months after date of
purchase
Coordination of Benefits regulation applies to all of the
following plans EXCEPT - Answer-Preferred Provider
Organization plan
Which dividend option would an insurer invest the
policyowner's money and add any interest earnings as the
dividends accrue? - Answer-Accumulation at Interest
Option
An interest-sensitive life insurance policyowner may be
able to withdraw the policy's cash value interest free. The
provision that allows this is called - Answer-Partial
Surrender
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A life insurance policyowner was injured in an automobile
accident which results in a total and permanent disability.
Which rider would pay a monthly amount because of this
disability? - Answer-Disability income rider
All of the following are considered to be nonforfeiture
options available to a policyowner EXCEPT - Answer-
Reduction of Premium
The typical long-term care insurance policy is designed to
provide a minimum of __ year(s) of coverage - Answer-1
Which of these is a method of determining the level of
funds required for ongoing support in the event of the
breadwinner's death? - Answer-Human life value
The focus of major medical insurance is providing
coverage for - Answer-Medical and hospitalization
expenses
An employee under a group insurance policy has the right
to name a beneficiary and the right to - Answer-Convert to
an individual policy in the event of employment termination
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All _____ policies must be guaranteed renewable -
Answer-Long-term care
A nonparticipating company is sometimes called a(n) -
Answer-Stock insurer (Because policyholders do not
participate in dividends resulting from stock ownership)
An example of risk sharing would be - Answer-Doctors
pooling their money to cover malpractice exposures
Which of the following is INELIGIBLE to participate in a
Section 125 Plan? - Answer-An S-Corp Owner with a
greater than 2% share
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)
Maryland Life & Health Producer Exam Practice
||Verified Exam!!|| Most Recent Exam Actual Complete
Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success!!
Newest Exam!!!!!
How soon can the benefit payments begin with a deferred
annuity? - Answer-A minimum of 12 months after date of
purchase
Coordination of Benefits regulation applies to all of the
following plans EXCEPT - Answer-Preferred Provider
Organization plan
Which dividend option would an insurer invest the
policyowner's money and add any interest earnings as the
dividends accrue? - Answer-Accumulation at Interest
Option
An interest-sensitive life insurance policyowner may be
able to withdraw the policy's cash value interest free. The
provision that allows this is called - Answer-Partial
Surrender
,2|Page
A life insurance policyowner was injured in an automobile
accident which results in a total and permanent disability.
Which rider would pay a monthly amount because of this
disability? - Answer-Disability income rider
All of the following are considered to be nonforfeiture
options available to a policyowner EXCEPT - Answer-
Reduction of Premium
The typical long-term care insurance policy is designed to
provide a minimum of __ year(s) of coverage - Answer-1
Which of these is a method of determining the level of
funds required for ongoing support in the event of the
breadwinner's death? - Answer-Human life value
The focus of major medical insurance is providing
coverage for - Answer-Medical and hospitalization
expenses
An employee under a group insurance policy has the right
to name a beneficiary and the right to - Answer-Convert to
an individual policy in the event of employment termination
, 3|Page
All _____ policies must be guaranteed renewable -
Answer-Long-term care
A nonparticipating company is sometimes called a(n) -
Answer-Stock insurer (Because policyholders do not
participate in dividends resulting from stock ownership)
An example of risk sharing would be - Answer-Doctors
pooling their money to cover malpractice exposures
Which of the following is INELIGIBLE to participate in a
Section 125 Plan? - Answer-An S-Corp Owner with a
greater than 2% share
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)
