MD STATE COMPREHENSIVE EXAM PAPER
2026 FULL QUESTIONS AND VERIFIED
ANSWERS
⩥ What is the role of the attorney general in insurance? Answer:
prosecutes illegalities reported by the commissioner.
⩥ Commissioner must hold a hearing if required by state law or upon
written demand by a person aggrieved by any act of the commissioner
within ___ days after the request.and must give ___ days advanced
notice of the time and place. Answer: 30
10F
⩥ Term of Commissioner. Answer: 4 years
⩥ What is a Producer?. Answer: A person who for compensation solicits,
procures, or negotiates insurance contracts, renewal, or continuance on
behalf of the insurers
⩥ Independent producers. Answer: A producer who is not owned or
controlled by any insurer or group of insurers. An independent producer
can work with more than one insurer or groups of insurers
,⩥ Transacting insurance deals with. Answer: Any form of business
considered insurance busin; making negotiations, proposing insurance
contracts, taking applications and receiving or collecting premiums or
issuing contracts.
⩥ What is the premium tax rate for annuity premiums in MD?
What about for all other premium?. Answer: 0%
2%
⩥ If an insurance producer intentionally fails to report to an insurer the
exact amount of consideration charged as a premium for insurance
contract, if different from the policy premium, and fail to maintain
records showing that, it is...?. Answer: Fraud
⩥ What is a Public Adjuster?. Answer: Public insurance adjusters are the
only property loss professionals who work on behalf of policyholders.
Public adjusters work on behalf of policyholders to help people get all
that they're entitled to from insurance claims. They help evaluate
damage and rebuilding costs, track the flow of insurance payments and
amounts due, and work with home insurance companies to expedite their
clients' insurance claims.
⩥ What is the difference between public adjusters and independent
adjusters.. Answer: A public adjuster works for the policyholder, while
an independent adjuster is hired by your insurance company on a
contractual basis to manage the claim.
, ⩥ A public adjuster does NOT. Answer: Investigate, adjust, or appraise
claims for loss or damage covered by a motor vehicle policy.
⩥ What are premium tax percentages for surplus lines coverage?.
Answer: 3%
⩥ What is an Insurance Adviser?. Answer: Any person who is paid to
examine a policy for the purpose of giving advice, counsel,
recommendation, or information with respect to coverage and benefits
provided in the contract. aka Insurance consultant.
⩥ What bond must an insurance adviser pay the commissioner?.
Answer: $1000
⩥ Define Defamation. Answer: Any written or oral communication
about a person or thing that is both untrue and unfavorable.
⩥ What is the Joint Insurance Association? (JIA). Answer: Originally
referred to as FAIR (Fair Access to Insurance Requirements) Is an
Association that consists of all insurers that are license to write property
insurance in this state. An insurer MUST be and remain a member to
transact essential property insurance.
2026 FULL QUESTIONS AND VERIFIED
ANSWERS
⩥ What is the role of the attorney general in insurance? Answer:
prosecutes illegalities reported by the commissioner.
⩥ Commissioner must hold a hearing if required by state law or upon
written demand by a person aggrieved by any act of the commissioner
within ___ days after the request.and must give ___ days advanced
notice of the time and place. Answer: 30
10F
⩥ Term of Commissioner. Answer: 4 years
⩥ What is a Producer?. Answer: A person who for compensation solicits,
procures, or negotiates insurance contracts, renewal, or continuance on
behalf of the insurers
⩥ Independent producers. Answer: A producer who is not owned or
controlled by any insurer or group of insurers. An independent producer
can work with more than one insurer or groups of insurers
,⩥ Transacting insurance deals with. Answer: Any form of business
considered insurance busin; making negotiations, proposing insurance
contracts, taking applications and receiving or collecting premiums or
issuing contracts.
⩥ What is the premium tax rate for annuity premiums in MD?
What about for all other premium?. Answer: 0%
2%
⩥ If an insurance producer intentionally fails to report to an insurer the
exact amount of consideration charged as a premium for insurance
contract, if different from the policy premium, and fail to maintain
records showing that, it is...?. Answer: Fraud
⩥ What is a Public Adjuster?. Answer: Public insurance adjusters are the
only property loss professionals who work on behalf of policyholders.
Public adjusters work on behalf of policyholders to help people get all
that they're entitled to from insurance claims. They help evaluate
damage and rebuilding costs, track the flow of insurance payments and
amounts due, and work with home insurance companies to expedite their
clients' insurance claims.
⩥ What is the difference between public adjusters and independent
adjusters.. Answer: A public adjuster works for the policyholder, while
an independent adjuster is hired by your insurance company on a
contractual basis to manage the claim.
, ⩥ A public adjuster does NOT. Answer: Investigate, adjust, or appraise
claims for loss or damage covered by a motor vehicle policy.
⩥ What are premium tax percentages for surplus lines coverage?.
Answer: 3%
⩥ What is an Insurance Adviser?. Answer: Any person who is paid to
examine a policy for the purpose of giving advice, counsel,
recommendation, or information with respect to coverage and benefits
provided in the contract. aka Insurance consultant.
⩥ What bond must an insurance adviser pay the commissioner?.
Answer: $1000
⩥ Define Defamation. Answer: Any written or oral communication
about a person or thing that is both untrue and unfavorable.
⩥ What is the Joint Insurance Association? (JIA). Answer: Originally
referred to as FAIR (Fair Access to Insurance Requirements) Is an
Association that consists of all insurers that are license to write property
insurance in this state. An insurer MUST be and remain a member to
transact essential property insurance.
