Maryland Life and Health Insurance Practice Questions with Correct Answers 100% Pass

Maryland Life and Health Insurance Practice Questions with Correct Answers 100% Pass A business becoming incorporated is an example of risk ____. - Answer risk transfer A change in a licensees name or address must be provided to the Commissioner within __ days - Answer 30 A health insurance underwriter will most likely view alcohol as an - Answer Increase exposure to risk A licensee who is required to take continuing education must include how many ethics coursework hours? - Answer 3 hours A life insurance guaranteed insurability rider gives the insured the right without proving insurability to - Answer periodically purchase additional insurance A life insurance guaranteed rider gives the insured the right, without proving insurability, to - Answer Periodically purchase additional insurance A life insurance policy provision that has the ability to reduce the death benefit is called the - Answer Accelerated (living) benefit A life insurance policy's contingent beneficiary is the - Answer Person who receives the death benefits, if the primary beneficiary dies before the insured A life insurance policy's waiver of premium rider has the ability to - Answer Relieve the insured of premium payments, following an initial waiting period after the insured becomes totally disable A life insurance policyowner would like a dividend option that results in a limited current outlay of funds which dividend option would be chosen? - Answer Reduction of premium payment A life policy's spendthrift clause would have no effects if the beneficiary is paid the proceeds as a - Answer Lump-sum payment