Maryland Property & Casualty
Insurance Practice Questions and
correct Answers
A broker requests a hearing with the Commissioner. Within how many days of the
request must the hearing be held? -
___30
Collision coverage extends to rented passenger vehicles that have been rented for -
___No more than 30 days.
Every vehicle insurance policy issued and delivered in Maryland must provide
coverage for medical, hospital and disability benefits, unless -
___Waived by the first named insured.
When an insurer desires to cancel or non-renew a property insurance policy, they
must give advance written notice of -
___45 days.
What is the maximum amount of a deductible on collision coverage for a damage to
the insured auto in an auto insurance policy? -
___$250
An agent just received his Maryland Life\Health insurance license. His specialty is
selling long-term care policies. In order to satisfy his continuing education
requirement, he must do which of the following? -
___Complete 24 hours of continuing education, including 2 hours of long-term care
education, and 3 hours of ethics, every two years.
All of the following are true regarding rebates EXCEPT -
___Rebates are allowed if it's in the best interest of the client.
An insurance producer is required to notify the Commissioner of any felony
convictions within how many days of the conviction? -
___30 days.
Public adjusters represent -
___Insureds
PIP (personal injury protection) provides coverage for injury to the named insured,
resident relatives and -
___Pedestrians struck by the insured vehicle.
The Property and Casualty Guaranty Corporation is obligated to pay the full amount
of any claim between $100 and $300,000 if the claim occurs within what period of
time? -
, ___30 days after an insurer has been declared insolvent and before the insurance
policy has expired
An insurer or producer may NOT knowingly employ an individual to act in a fiduciary
capacity if that individual has been convicted of a felony or crime of moral turpitude
within the past -
___10 years only.
Which of the following is an example of a producer's fiduciary responsibilities? -
___A producer promptly forwarding premiums to the insurance company
All of the following would be considered an insurance transaction EXCEPT -
___Obtaining an insurance license.
Which of the following would be considered false advertising? -
___Implying that the agent is the insurer
Before a producer can receive authority to place business with MAIF, the producer
must comply with the following actions, EXCEPT -
___Pay a $500 initiation fee
After a client leaves his office, an agent makes corrections to the client's application,
but forgets to tell her. Two weeks later, the client is in an accident. The insurer will be
settling the claim based on the corrected form. This is -
___A violation of the Insurance Code.
Your property policy will be due for renewal soon. When should you expect to
receive notice of renewal premium from your insurer? -
___45
Which of the following would NOT be considered a flood? -
___Sewer backup
Binders cease at the earliest of -
___Any of the above.
A business entity must meet all of the following qualifications EXCEPT -
___Have a board of directors.
In Maryland, binders are issued for a short period of time. A binder will cease to exist
in each of the following situations EXCEPT -
___60 days following the issue date of the binder.
Public adjusters are compensated by -
___Insureds
During a sales presentation a producer intentionally makes a statement which may
mislead the insurance applicant. This describes -
___Misrepresentation
Insurance Practice Questions and
correct Answers
A broker requests a hearing with the Commissioner. Within how many days of the
request must the hearing be held? -
___30
Collision coverage extends to rented passenger vehicles that have been rented for -
___No more than 30 days.
Every vehicle insurance policy issued and delivered in Maryland must provide
coverage for medical, hospital and disability benefits, unless -
___Waived by the first named insured.
When an insurer desires to cancel or non-renew a property insurance policy, they
must give advance written notice of -
___45 days.
What is the maximum amount of a deductible on collision coverage for a damage to
the insured auto in an auto insurance policy? -
___$250
An agent just received his Maryland Life\Health insurance license. His specialty is
selling long-term care policies. In order to satisfy his continuing education
requirement, he must do which of the following? -
___Complete 24 hours of continuing education, including 2 hours of long-term care
education, and 3 hours of ethics, every two years.
All of the following are true regarding rebates EXCEPT -
___Rebates are allowed if it's in the best interest of the client.
An insurance producer is required to notify the Commissioner of any felony
convictions within how many days of the conviction? -
___30 days.
Public adjusters represent -
___Insureds
PIP (personal injury protection) provides coverage for injury to the named insured,
resident relatives and -
___Pedestrians struck by the insured vehicle.
The Property and Casualty Guaranty Corporation is obligated to pay the full amount
of any claim between $100 and $300,000 if the claim occurs within what period of
time? -
, ___30 days after an insurer has been declared insolvent and before the insurance
policy has expired
An insurer or producer may NOT knowingly employ an individual to act in a fiduciary
capacity if that individual has been convicted of a felony or crime of moral turpitude
within the past -
___10 years only.
Which of the following is an example of a producer's fiduciary responsibilities? -
___A producer promptly forwarding premiums to the insurance company
All of the following would be considered an insurance transaction EXCEPT -
___Obtaining an insurance license.
Which of the following would be considered false advertising? -
___Implying that the agent is the insurer
Before a producer can receive authority to place business with MAIF, the producer
must comply with the following actions, EXCEPT -
___Pay a $500 initiation fee
After a client leaves his office, an agent makes corrections to the client's application,
but forgets to tell her. Two weeks later, the client is in an accident. The insurer will be
settling the claim based on the corrected form. This is -
___A violation of the Insurance Code.
Your property policy will be due for renewal soon. When should you expect to
receive notice of renewal premium from your insurer? -
___45
Which of the following would NOT be considered a flood? -
___Sewer backup
Binders cease at the earliest of -
___Any of the above.
A business entity must meet all of the following qualifications EXCEPT -
___Have a board of directors.
In Maryland, binders are issued for a short period of time. A binder will cease to exist
in each of the following situations EXCEPT -
___60 days following the issue date of the binder.
Public adjusters are compensated by -
___Insureds
During a sales presentation a producer intentionally makes a statement which may
mislead the insurance applicant. This describes -
___Misrepresentation
