Maryland Property & Casualty Insurance
Practice Questions with correct answers
A broker requests a hearing with the Commissioner. Within how
many days of the request must the hearing be held?
- ...,.🔹VERIFIED ANSWER **✔✔30
Collision coverage extends to rented passenger vehicles that have
been rented for - ...,.🔹VERIFIED ANSWER **✔✔No more than 30
days.
Every vehicle insurance policy issued and delivered in Maryland
must provide coverage for medical, hospital and disability benefits,
unless - ...,.🔹VERIFIED ANSWER **✔✔Waived by the first
named insured.
When an insurer desires to cancel or non-renew a property
insurance policy, they must give advance written notice of
- ...,.🔹VERIFIED ANSWER **✔✔45 days.
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,What is the maximum amount of a deductible on collision coverage
for a damage to the insured auto in an auto insurance policy?
- ...,.🔹VERIFIED ANSWER **✔✔$250
An agent just received his Maryland Life\Health insurance license.
His specialty is selling long-term care policies. In order to satisfy his
continuing education requirement, he must do which of the
following? - ...,.🔹VERIFIED ANSWER **✔✔Complete 24 hours of
continuing education, including 2 hours of long-term care
education, and 3 hours of ethics, every two years.
All of the following are true regarding rebates EXCEPT
- ...,.🔹VERIFIED ANSWER **✔✔Rebates are allowed if it's in the
best interest of the client.
An insurance producer is required to notify the Commissioner of
any felony convictions within how many days of the conviction?
- ...,.🔹VERIFIED ANSWER **✔✔30 days.
Public adjusters represent - ...,.🔹VERIFIED ANSWER
**✔✔Insureds
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, PIP (personal injury protection) provides coverage for injury to the
named insured, resident relatives and - ...,.🔹VERIFIED ANSWER
**✔✔Pedestrians struck by the insured vehicle.
The Property and Casualty Guaranty Corporation is obligated to
pay the full amount of any claim between $100 and $300,000 if the
claim occurs within what period of time? - ...,.🔹VERIFIED
ANSWER **✔✔30 days after an insurer has been declared
insolvent and before the insurance policy has expired
An insurer or producer may NOT knowingly employ an individual
to act in a fiduciary capacity if that individual has been convicted of
a felony or crime of moral turpitude within the past
- ...,.🔹VERIFIED ANSWER **✔✔10 years only.
Which of the following is an example of a producer's fiduciary
responsibilities? - ...,.🔹VERIFIED ANSWER **✔✔A producer
promptly forwarding premiums to the insurance company
All of the following would be considered an insurance transaction
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Practice Questions with correct answers
A broker requests a hearing with the Commissioner. Within how
many days of the request must the hearing be held?
- ...,.🔹VERIFIED ANSWER **✔✔30
Collision coverage extends to rented passenger vehicles that have
been rented for - ...,.🔹VERIFIED ANSWER **✔✔No more than 30
days.
Every vehicle insurance policy issued and delivered in Maryland
must provide coverage for medical, hospital and disability benefits,
unless - ...,.🔹VERIFIED ANSWER **✔✔Waived by the first
named insured.
When an insurer desires to cancel or non-renew a property
insurance policy, they must give advance written notice of
- ...,.🔹VERIFIED ANSWER **✔✔45 days.
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,What is the maximum amount of a deductible on collision coverage
for a damage to the insured auto in an auto insurance policy?
- ...,.🔹VERIFIED ANSWER **✔✔$250
An agent just received his Maryland Life\Health insurance license.
His specialty is selling long-term care policies. In order to satisfy his
continuing education requirement, he must do which of the
following? - ...,.🔹VERIFIED ANSWER **✔✔Complete 24 hours of
continuing education, including 2 hours of long-term care
education, and 3 hours of ethics, every two years.
All of the following are true regarding rebates EXCEPT
- ...,.🔹VERIFIED ANSWER **✔✔Rebates are allowed if it's in the
best interest of the client.
An insurance producer is required to notify the Commissioner of
any felony convictions within how many days of the conviction?
- ...,.🔹VERIFIED ANSWER **✔✔30 days.
Public adjusters represent - ...,.🔹VERIFIED ANSWER
**✔✔Insureds
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, PIP (personal injury protection) provides coverage for injury to the
named insured, resident relatives and - ...,.🔹VERIFIED ANSWER
**✔✔Pedestrians struck by the insured vehicle.
The Property and Casualty Guaranty Corporation is obligated to
pay the full amount of any claim between $100 and $300,000 if the
claim occurs within what period of time? - ...,.🔹VERIFIED
ANSWER **✔✔30 days after an insurer has been declared
insolvent and before the insurance policy has expired
An insurer or producer may NOT knowingly employ an individual
to act in a fiduciary capacity if that individual has been convicted of
a felony or crime of moral turpitude within the past
- ...,.🔹VERIFIED ANSWER **✔✔10 years only.
Which of the following is an example of a producer's fiduciary
responsibilities? - ...,.🔹VERIFIED ANSWER **✔✔A producer
promptly forwarding premiums to the insurance company
All of the following would be considered an insurance transaction
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