2024 MARYLAND LIFE AND
HEALTH INSURANCE LICENSING
EXAM WITH 100% CORRECT
ANSWERS
Paul is an employee who caught a disease unique to the trade in which he
was exposed to. Paul has a(n)
genetic predisposition
worksite malady
contagious disease
occupational disease - CORRECT ANSWERS-Occupational disease
Major Medical expense plans provide coverage for each of the following
EXCEPT - CORRECT ANSWERS-Work-related injuries
The act of using misrepresentation to induce an insured person to terminate
an existing policy and purchase a new policy is referred to as - CORRECT
ANSWERS-Twisting
How soon can the benefit payments begin with a deferred annuity? -
CORRECT ANSWERS-A minimum of 12 months after date of purchase
Coordination of Benefits regulation applies to all of the following plans
EXCEPT - CORRECT ANSWERS-Preferred Provider Organization plan
After an insured gives notice of loss, what must he/she do if the insurer does
not furnish forms? - CORRECT ANSWERS-File written proof of loss
Which of these factors help determine an insured's life insurance premium? -
CORRECT ANSWERS-Avocation (hobby)
The Life and Health Guaranty Corporation provides funds to carry out its
powers and duties by assessing - CORRECT ANSWERS-Member insurers
Lifetime protection - CORRECT ANSWERS-A limited payment whole life policy
provides
, Which dividend option would an insurer invest the policyowner's money and
add any interest earnings as the dividends accrue? - CORRECT ANSWERS-
Accumulation at Interest Option
An interest-sensitive life insurance policyowner may be able to withdraw the
policy's cash value interest free. The provision that allows this is called -
CORRECT ANSWERS-Partial Surrender
A life insurance policyowner was injured in an automobile accident which
results in a total and permanent disability. Which rider would pay a monthly
amount because of this disability? - CORRECT ANSWERS-Disability income
rider
All of the following are considered to be nonforfeiture options available to a
policyowner EXCEPT - CORRECT ANSWERS-Reduction of Premium
The typical long-term care insurance policy is designed to provide a
minimum of __ year(s) of coverage - CORRECT ANSWERS-1
Which of these is a method of determining the level of funds required for
ongoing support in the event of the breadwinner's death? - CORRECT
ANSWERS-Human life value
The focus of major medical insurance is providing coverage for - CORRECT
ANSWERS-Medical and hospitalization expenses
An employee under a group insurance policy has the right to name a
beneficiary and the right to - CORRECT ANSWERS-Convert to an individual
policy in the event of employment termination
All _____ policies must be guaranteed renewable - CORRECT ANSWERS-Long-
term care
A nonparticipating company is sometimes called a(n) - CORRECT ANSWERS-
Stock insurer (Because policyholders do not participate in dividends resulting
from stock ownership)
An example of risk sharing would be - CORRECT ANSWERS-Doctors pooling
their money to cover malpractice exposures
Which of the following is INELIGIBLE to participate in a Section 125 Plan? -
CORRECT ANSWERS-An S-Corp Owner with a greater than 2% share
Decreasing term life - CORRECT ANSWERS-The least expensive option to pay
off a 30-yea mortgage balance would be?
HEALTH INSURANCE LICENSING
EXAM WITH 100% CORRECT
ANSWERS
Paul is an employee who caught a disease unique to the trade in which he
was exposed to. Paul has a(n)
genetic predisposition
worksite malady
contagious disease
occupational disease - CORRECT ANSWERS-Occupational disease
Major Medical expense plans provide coverage for each of the following
EXCEPT - CORRECT ANSWERS-Work-related injuries
The act of using misrepresentation to induce an insured person to terminate
an existing policy and purchase a new policy is referred to as - CORRECT
ANSWERS-Twisting
How soon can the benefit payments begin with a deferred annuity? -
CORRECT ANSWERS-A minimum of 12 months after date of purchase
Coordination of Benefits regulation applies to all of the following plans
EXCEPT - CORRECT ANSWERS-Preferred Provider Organization plan
After an insured gives notice of loss, what must he/she do if the insurer does
not furnish forms? - CORRECT ANSWERS-File written proof of loss
Which of these factors help determine an insured's life insurance premium? -
CORRECT ANSWERS-Avocation (hobby)
The Life and Health Guaranty Corporation provides funds to carry out its
powers and duties by assessing - CORRECT ANSWERS-Member insurers
Lifetime protection - CORRECT ANSWERS-A limited payment whole life policy
provides
, Which dividend option would an insurer invest the policyowner's money and
add any interest earnings as the dividends accrue? - CORRECT ANSWERS-
Accumulation at Interest Option
An interest-sensitive life insurance policyowner may be able to withdraw the
policy's cash value interest free. The provision that allows this is called -
CORRECT ANSWERS-Partial Surrender
A life insurance policyowner was injured in an automobile accident which
results in a total and permanent disability. Which rider would pay a monthly
amount because of this disability? - CORRECT ANSWERS-Disability income
rider
All of the following are considered to be nonforfeiture options available to a
policyowner EXCEPT - CORRECT ANSWERS-Reduction of Premium
The typical long-term care insurance policy is designed to provide a
minimum of __ year(s) of coverage - CORRECT ANSWERS-1
Which of these is a method of determining the level of funds required for
ongoing support in the event of the breadwinner's death? - CORRECT
ANSWERS-Human life value
The focus of major medical insurance is providing coverage for - CORRECT
ANSWERS-Medical and hospitalization expenses
An employee under a group insurance policy has the right to name a
beneficiary and the right to - CORRECT ANSWERS-Convert to an individual
policy in the event of employment termination
All _____ policies must be guaranteed renewable - CORRECT ANSWERS-Long-
term care
A nonparticipating company is sometimes called a(n) - CORRECT ANSWERS-
Stock insurer (Because policyholders do not participate in dividends resulting
from stock ownership)
An example of risk sharing would be - CORRECT ANSWERS-Doctors pooling
their money to cover malpractice exposures
Which of the following is INELIGIBLE to participate in a Section 125 Plan? -
CORRECT ANSWERS-An S-Corp Owner with a greater than 2% share
Decreasing term life - CORRECT ANSWERS-The least expensive option to pay
off a 30-yea mortgage balance would be?
