Maryland state exam life insurance license practice Questions and
Answers Graded A
In what part of an insurance policy or policy
benefits found? - ANSWER -Declarations
Individual underwriting - ANSWER -All of
the following characteristics of a group life
The act of using misrepresentation to induce an insurance plan except
insured person to terminate an existing policy
and purchase a new policy is referred to as -
ANSWER -Twisting Variable life insurance - ANSWER -A
securities license is required for a life insurance
producer to sell
Nothing - ANSWER -Shirley has $500,000
10-year-old son nonrenewable level term life
policy. If she dies 15 years after the policy Insurable interest - ANSWER -Which of the
inception date, how will her beneficiary receive? following is present when an applicant stands to
lose value if the insured dies
Average age - ANSWER -Which of these
factors would and ensure consider when Surrender charge - ANSWER -What may
determining whether to except a group life plan be the result of replacing an existing life
insurance policy with a new one
Juvenile insurance - ANSWER -Which type
of life insurance is normally associated with a The policy owner - ANSWER -Signatures
paler benefit rider for an insurance application must be obtained by
the producer from all the following sources
except
Oh rating from A rating service company such as
a.m. best - ANSWER -Which of the
following is not considered advertising? Fraud - ANSWER -Maria the insurance
producer completes a sale by collecting the
required signatures on the application and
Policy owner - ANSWER -During the obtaining the initial premium afterward she
accumulation. Who can surrender an annuity Deposits the check into our personal checking
account or he is committed to what crime
Annuity - ANSWER -Fixed period
Settlement options are considered to be a form Child term rider - ANSWER -Jonas is a
of a whole life insurance policy owner and would like
to add coverage for his two children which of the
following products would allow him to accomplish
How to take legal action against a insurance this
company - ANSWER -Which of the
following is not information found in a life
insurance buyers guide - ANSWER -Interest on death benefits are
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Answers Graded A
In what part of an insurance policy or policy
benefits found? - ANSWER -Declarations
Individual underwriting - ANSWER -All of
the following characteristics of a group life
The act of using misrepresentation to induce an insurance plan except
insured person to terminate an existing policy
and purchase a new policy is referred to as -
ANSWER -Twisting Variable life insurance - ANSWER -A
securities license is required for a life insurance
producer to sell
Nothing - ANSWER -Shirley has $500,000
10-year-old son nonrenewable level term life
policy. If she dies 15 years after the policy Insurable interest - ANSWER -Which of the
inception date, how will her beneficiary receive? following is present when an applicant stands to
lose value if the insured dies
Average age - ANSWER -Which of these
factors would and ensure consider when Surrender charge - ANSWER -What may
determining whether to except a group life plan be the result of replacing an existing life
insurance policy with a new one
Juvenile insurance - ANSWER -Which type
of life insurance is normally associated with a The policy owner - ANSWER -Signatures
paler benefit rider for an insurance application must be obtained by
the producer from all the following sources
except
Oh rating from A rating service company such as
a.m. best - ANSWER -Which of the
following is not considered advertising? Fraud - ANSWER -Maria the insurance
producer completes a sale by collecting the
required signatures on the application and
Policy owner - ANSWER -During the obtaining the initial premium afterward she
accumulation. Who can surrender an annuity Deposits the check into our personal checking
account or he is committed to what crime
Annuity - ANSWER -Fixed period
Settlement options are considered to be a form Child term rider - ANSWER -Jonas is a
of a whole life insurance policy owner and would like
to add coverage for his two children which of the
following products would allow him to accomplish
How to take legal action against a insurance this
company - ANSWER -Which of the
following is not information found in a life
insurance buyers guide - ANSWER -Interest on death benefits are
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