Maryland Life Insurance Producer Final Exam Questions with Verified Answers Guarantee Passing score: 85% or higher

Maryland Life Insurance Producer Final Exam ss ss ss ss ss




ss Questions with Verified Answers ss ss ss




Guarantee Passing score: 85% or higher ss ss ss ss ss ss




Consist of 90 multiple choices Questions and Answers
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1. A business entity must meet all of the following qualifications
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ss EXCEPT (A)Designate a licensed insurance producer to act on their
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behalf.
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(B)Be appointed by an
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ss insurer. (C)Have a board of
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ss directors.
(D)Be licensed for the type of insurance the entity will be transacting.
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Answer> Have a board of directors
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2. Events or conditions that increase the chances of an insured loss occurring
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ss are referred to as
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(A)Hazards.
ss (B)Perils.
ss (C)Risks.
(D)Exposures. 1
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Answer> Hazards ss

,(D)Concealment.
Answer> Concealment ss




4. Which of the following is a required provision for Medicare
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ss supplement policies? ss




(A)They may not apply pre-existing conditions exclusions.
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(B)They may contain special exclusions and limitations as compared with
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ss Medicare plans. ss




(C)They may not duplicate Medicare benefits.
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(D)They may not be cancelled for any reason.
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Answer> They may not duplicate Medicare benefits
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5. All of the following are requirements of eligibility for Social Security disabil-
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ss ity income benefits EXCEPT
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(A)Waiting period of 5 ss ss ss




months. (B)Fully insured
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ss status.
(C)Inability to perform any gainful ss ss ss ss




work. (D)Being age 65.
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Answer> Being age 65 ss ss ss




6. Which of the following factors about the insured determines the
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ss amount of disability benefit that the insured will receive?
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(A)Gender
ss (B)Income
(C)Marital status
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ss (D)Age
Answer> Income ss

,ss (C)Provide the subscriber a choice of physicians
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(D)Provide medical services at a reduced cost
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Answer> Provide medical services only from physicians in the network
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8. According to the reinstatement provision, if a policy is reinstated, which
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ss of these benefits would be covered immediately upon reinstatement?
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(A)Both accidental injury and sickness
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ss (B)Sickness
(C)Accidental injury ss




(D)There is a delay, regardless of the type of loss.
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Answer> Accidental injury ss ss




9. The main difference between immediate and deferred annuities
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ss is (A)When the income payments begin.
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(B)The amount of each payment.
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ss (C)How the annuity is purchased.
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(D)The number of insureds.
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Answer> When the income payments begin
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10. Bill is approaching retirement age and is concerned about having
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ss proper coverage, should he have to be placed in a Long Term Care
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ss facility. Bill's producer told him that LTC policies would provide necessary
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ss coverage at all of the following levels, EXCEPT
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(A)Custodial.
ss (B)Acute.
ss (C)Skilled.
(D)Intermediate.
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Answer> Acute ss

, Answer> The cost the com- pany is paying for monthly premiums
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12. Insurance that would pay for hiring a replacement for an important employ-
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ss ee who becomes disabled is called
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(A)Key employee disability insurance.
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(B)Business overhead expense disability insurance.
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ss (C)Blanket disability insurance.
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(D)Long-term disability. ss




Answer> Key employee disability insurance
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