Maryland Life and Health Insurance Licensing Exam
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1. After an insured gives notice of loss, what File written proof of loss
must he/she do if the insurer does not fur-
nish forms?
2. Which of these factors help determine an Avocation (hobby)
insured's life insurance premium?
3. The Life and Health Guaranty Corporation Member insurers
provides funds to carry out its powers and
duties by assessing
4. Lifetime protection A limited payment whole life policy pro-
vides
5. Decreasing term life The least expensive option to pay off a
30-yea mortgage balance would be?
6. May never raise premiums In contrast to a guaranteed renewable
policy, a noncancellable policy
7. Period of time after the premium is due but What is an insurance policy's grace peri-
the policy remains in force od?
8. 30 days The standard grace period for a life in-
surance policy sold in Maryland is
9. At least 21 years old Which of the following is NOT a require-
ment for soliciting insurance in Mary-
land?
10. Medicare supplement Plan F Which type of plan would be most ap-
propriate for an individual on Medicare
and is concerned that Medicare will NOT
, Maryland Life and Health Insurance Licensing Exam
Study online at https://quizlet.com/_87rq1n
pay for charges exceeding the approved
amount?
11. Variable life insurance A securities license is required for a life
insurance producer to sell
12. Master policy What is the contract called that is issued
to an employer for a Group Medical In-
surance Plan?
13. Insurable interest can be established suffi- In regards to a life insurance contract,
ciently by sentimental attachment alone which of the following statements is NOT
true regarding the concept of insurable
interest?
14. How to take legal action against an insur- Which of the following is NOT informa-
ance company tion found in a life insurance buyer's
guide?
15. Lower than the typical whole life policy dur- The premium for a Modified whole life
ing the first few years and then higher than policy is?
typical for the remainder
16. Nonresident producer A producer who is licensed in Maryland
but resident in another state is called a?
17. Taxable income Justin is receiving disability income ben-
efits from a group policy paid for by his
employer. How are these benefits treated
for tax purposes?
18. Excludes payments for a short-term illness The waiting period for a disability insur-
or injury ance policy
, Maryland Life and Health Insurance Licensing Exam
Study online at https://quizlet.com/_87rq1n
19. Adjustable Life (Adjustable Life allows the A policyowner may change two policy
policyowner to change two policy features: features on what type of life
premium and face amount)
20. Change of occupation (The change of occu- Which of the following is NOT a required
pation provision is considered an OPTIONAL provision in an accident and health in-
provision) surance policy?
21. Annuity Fixed period settlement options are con-
sidered to be a form of a(n)
22. Automobile Which of these factors is NOT taken
into account when determining an appli-
cant's life insurance needs?
23. Fare-paying passenger A life insurance policy normally contains
a provision that restricts coverage in the
event of death under all of the following
situations EXCEPT
24. Silver Plan According to the Affordable Care Act,
what metal tier is required to have an
actuarial value of 70% with covered indi-
viduals paying 30% through deductibles,
co-pays, and other cost sharing features?
25. Insurer The identity of the ____ must be made
clear in every health insurance advertise-
ment
26. Obtain the beneficiary's signature When a producer is replacing an existing
ordinary life insurance policy, the pro-
Study online at https://quizlet.com/_87rq1n
1. After an insured gives notice of loss, what File written proof of loss
must he/she do if the insurer does not fur-
nish forms?
2. Which of these factors help determine an Avocation (hobby)
insured's life insurance premium?
3. The Life and Health Guaranty Corporation Member insurers
provides funds to carry out its powers and
duties by assessing
4. Lifetime protection A limited payment whole life policy pro-
vides
5. Decreasing term life The least expensive option to pay off a
30-yea mortgage balance would be?
6. May never raise premiums In contrast to a guaranteed renewable
policy, a noncancellable policy
7. Period of time after the premium is due but What is an insurance policy's grace peri-
the policy remains in force od?
8. 30 days The standard grace period for a life in-
surance policy sold in Maryland is
9. At least 21 years old Which of the following is NOT a require-
ment for soliciting insurance in Mary-
land?
10. Medicare supplement Plan F Which type of plan would be most ap-
propriate for an individual on Medicare
and is concerned that Medicare will NOT
, Maryland Life and Health Insurance Licensing Exam
Study online at https://quizlet.com/_87rq1n
pay for charges exceeding the approved
amount?
11. Variable life insurance A securities license is required for a life
insurance producer to sell
12. Master policy What is the contract called that is issued
to an employer for a Group Medical In-
surance Plan?
13. Insurable interest can be established suffi- In regards to a life insurance contract,
ciently by sentimental attachment alone which of the following statements is NOT
true regarding the concept of insurable
interest?
14. How to take legal action against an insur- Which of the following is NOT informa-
ance company tion found in a life insurance buyer's
guide?
15. Lower than the typical whole life policy dur- The premium for a Modified whole life
ing the first few years and then higher than policy is?
typical for the remainder
16. Nonresident producer A producer who is licensed in Maryland
but resident in another state is called a?
17. Taxable income Justin is receiving disability income ben-
efits from a group policy paid for by his
employer. How are these benefits treated
for tax purposes?
18. Excludes payments for a short-term illness The waiting period for a disability insur-
or injury ance policy
, Maryland Life and Health Insurance Licensing Exam
Study online at https://quizlet.com/_87rq1n
19. Adjustable Life (Adjustable Life allows the A policyowner may change two policy
policyowner to change two policy features: features on what type of life
premium and face amount)
20. Change of occupation (The change of occu- Which of the following is NOT a required
pation provision is considered an OPTIONAL provision in an accident and health in-
provision) surance policy?
21. Annuity Fixed period settlement options are con-
sidered to be a form of a(n)
22. Automobile Which of these factors is NOT taken
into account when determining an appli-
cant's life insurance needs?
23. Fare-paying passenger A life insurance policy normally contains
a provision that restricts coverage in the
event of death under all of the following
situations EXCEPT
24. Silver Plan According to the Affordable Care Act,
what metal tier is required to have an
actuarial value of 70% with covered indi-
viduals paying 30% through deductibles,
co-pays, and other cost sharing features?
25. Insurer The identity of the ____ must be made
clear in every health insurance advertise-
ment
26. Obtain the beneficiary's signature When a producer is replacing an existing
ordinary life insurance policy, the pro-
