MARYLAND STATE
LIFE & HEALTH INSURANCE TEST BANK
Consist of 400+ multiple choices Questions and Answers
Inside, you'll discover:
• Everything you need to know about Life Policies, Provisions, Riders, and Exclusions
• Essential Retirement and Taxation strategies
• A complete breakdown of Health Insurance Policies and Social Insurance
• Powerful study tips and practice tests that mirror the real exam
No confusion. Not fluff. Just results.
This guide was designed with one goal in mind: to get you licensed on your first try and help
you start reaping the rewards of a successful career in insurance.
,1. Which of the following is not a requirement to obtain a resident producer's
license?
completing at least 40 hours of prelicensing education
submitting an application
appointment by at least two insurers
successful completion of the licensing examination
Answer> Appointment by at least two insurers
2. To qualify for an insurance producer's license, a person must have all of
the following EXCEPT
a college degree
a good reputation and character
18 years of age
the licensing fee
Answer> A college degree
3. Abby lives in Ohio, where she is licensed as an insurance producer. She
wants to apply for a nonresident producer license in Maryland. Which of the
following conditions must she satisfy?
Answer> She must show her ohio license to be in good standing
4. Larry, Brian, Susan, and Jennifer work for AllPro Insurance Company in
Maryland. Based on their job descriptions below, which of them is not acting
as a producer?
Larry, who receives insurance applications from the public
Brian, who is a vice president in AllPro's human resources department and
does not receive commissions
Jennifer, who advertises and solicits insurance policies for AllPro
Susan, who collects insurance premiums for AllPro
Answer> Brian, who is a vice presi- dent in AllPro's human resources department
and does not receive commissions
,5. Jeff is a licensed insurance producer in both New York and Maryland. He
is charged with embezzlement in New York and his first pretrial hearing is set
for March 1. He must notify the Maryland Commissioner of Insurance of this
charge within how many days of the hearing?
Answer> 30 days
6. Within how many days should the Maryland Insurance Administration be
notified of a change of a producer's name or address?
Answer> 30 days
7. May an insurance producer use a trade name to sell insurance in Mary-
land?
Answer> Trade names may be used in Maryland if on file with the
Commissioner.
8. Within how many days should the Maryland Commissioner of Insurance
be notified of a change of a producer's address?
Answer> 30 days
9. The Commissioner may issue an emergency cease and desist order to an
insurer in all of the following circumstances EXCEPT
The insurer's activity could cause irreparable loss to the general public.
The insurer's business is threatened with insolvency.
The insurer's business may be subject to conservation or liquidation proceed-
ings.
The insurer's business has substantially decreased from prior years
Answer> The insurer's business has substantially decreased from prior years
10. The Commissioner of Insurance cannot suspend or revoke an agent's
license for which of the following reasons?
failing to meet projected sales goals
having an agent's license denied or suspended in another state
forging an individual's name on an insurance application
, accepting insurance from an unlicensed individual
Answer> Failing to meet projected sales goals
11. Which of the following is not a remedy available to the Maryland Insurance
Commissioner for a producer who commits a violation of an insurance law?
imprisonment
revocation of license
cease and desist order
suspension of license
Answer> Imprisonment
12. What is required before an insurance company may transact insurance
business in Maryland?
Answer> Certificate of Authority
13. Which of the following is not considered an unfair claims settlement
prac- tice?
failing to acknowledge a request for claims forms
requiring the insured to submit a formal proof of loss form
settling claims based on an application that the agent altered without inform-
ing the insured
making claims settlements without stating the coverage under which pay-
ments are made
Answer> requiring the insured to submit a formal proof of loss form
14. Which of the following is not an unfair claims settlement practice if
commit- ted by an insurance company in Maryland?
failing to promptly acknowledge communications about claims
failing to promptly settle a claim for which liability is uncertain
appealing from an arbitration award in favor of an insured to compel the
LIFE & HEALTH INSURANCE TEST BANK
Consist of 400+ multiple choices Questions and Answers
Inside, you'll discover:
• Everything you need to know about Life Policies, Provisions, Riders, and Exclusions
• Essential Retirement and Taxation strategies
• A complete breakdown of Health Insurance Policies and Social Insurance
• Powerful study tips and practice tests that mirror the real exam
No confusion. Not fluff. Just results.
This guide was designed with one goal in mind: to get you licensed on your first try and help
you start reaping the rewards of a successful career in insurance.
,1. Which of the following is not a requirement to obtain a resident producer's
license?
completing at least 40 hours of prelicensing education
submitting an application
appointment by at least two insurers
successful completion of the licensing examination
Answer> Appointment by at least two insurers
2. To qualify for an insurance producer's license, a person must have all of
the following EXCEPT
a college degree
a good reputation and character
18 years of age
the licensing fee
Answer> A college degree
3. Abby lives in Ohio, where she is licensed as an insurance producer. She
wants to apply for a nonresident producer license in Maryland. Which of the
following conditions must she satisfy?
Answer> She must show her ohio license to be in good standing
4. Larry, Brian, Susan, and Jennifer work for AllPro Insurance Company in
Maryland. Based on their job descriptions below, which of them is not acting
as a producer?
Larry, who receives insurance applications from the public
Brian, who is a vice president in AllPro's human resources department and
does not receive commissions
Jennifer, who advertises and solicits insurance policies for AllPro
Susan, who collects insurance premiums for AllPro
Answer> Brian, who is a vice presi- dent in AllPro's human resources department
and does not receive commissions
,5. Jeff is a licensed insurance producer in both New York and Maryland. He
is charged with embezzlement in New York and his first pretrial hearing is set
for March 1. He must notify the Maryland Commissioner of Insurance of this
charge within how many days of the hearing?
Answer> 30 days
6. Within how many days should the Maryland Insurance Administration be
notified of a change of a producer's name or address?
Answer> 30 days
7. May an insurance producer use a trade name to sell insurance in Mary-
land?
Answer> Trade names may be used in Maryland if on file with the
Commissioner.
8. Within how many days should the Maryland Commissioner of Insurance
be notified of a change of a producer's address?
Answer> 30 days
9. The Commissioner may issue an emergency cease and desist order to an
insurer in all of the following circumstances EXCEPT
The insurer's activity could cause irreparable loss to the general public.
The insurer's business is threatened with insolvency.
The insurer's business may be subject to conservation or liquidation proceed-
ings.
The insurer's business has substantially decreased from prior years
Answer> The insurer's business has substantially decreased from prior years
10. The Commissioner of Insurance cannot suspend or revoke an agent's
license for which of the following reasons?
failing to meet projected sales goals
having an agent's license denied or suspended in another state
forging an individual's name on an insurance application
, accepting insurance from an unlicensed individual
Answer> Failing to meet projected sales goals
11. Which of the following is not a remedy available to the Maryland Insurance
Commissioner for a producer who commits a violation of an insurance law?
imprisonment
revocation of license
cease and desist order
suspension of license
Answer> Imprisonment
12. What is required before an insurance company may transact insurance
business in Maryland?
Answer> Certificate of Authority
13. Which of the following is not considered an unfair claims settlement
prac- tice?
failing to acknowledge a request for claims forms
requiring the insured to submit a formal proof of loss form
settling claims based on an application that the agent altered without inform-
ing the insured
making claims settlements without stating the coverage under which pay-
ments are made
Answer> requiring the insured to submit a formal proof of loss form
14. Which of the following is not an unfair claims settlement practice if
commit- ted by an insurance company in Maryland?
failing to promptly acknowledge communications about claims
failing to promptly settle a claim for which liability is uncertain
appealing from an arbitration award in favor of an insured to compel the
