Maryland Life and Health Insurance Licensing
_____________Quiz____________?
After an insured gives notice of loss, what must he/she do if the insurer does not furnish
forms? -
Answer✓✓
File written proof of loss
_____________Quiz____________?
Which of these factors help determine an insured's life insurance premium? -
Answer✓✓
Avocation (hobby)
_____________Quiz____________?
The Life and Health Guaranty Corporation provides funds to carry out its powers and
duties by assessing -
Answer✓✓
Member insurers
_____________Quiz____________?
Lifetime protection -
Answer✓✓
A limited payment whole life policy provides
_____________Quiz____________?
1
, Decreasing term life -
Answer✓✓
The least expensive option to pay off a 30-yea mortgage balance would be?
_____________Quiz____________?
May never raise premiums -
Answer✓✓
In contrast to a guaranteed renewable policy, a noncancellable policy
_____________Quiz____________?
Period of time after the premium is due but the policy remains in force -
Answer✓✓
What is an insurance policy's grace period?
_____________Quiz____________?
30 days -
Answer✓✓
The standard grace period for a life insurance policy sold in Maryland is
_____________Quiz____________?
At least 21 years old -
Answer✓✓
Which of the following is NOT a requirement for soliciting insurance in Maryland?
_____________Quiz____________?
Medicare supplement Plan F -
Answer✓✓
Which type of plan would be most appropriate for an individual on Medicare and is
concerned that Medicare will NOT pay for charges exceeding the approved amount?
2
, _____________Quiz____________?
Variable life insurance -
Answer✓✓
A securities license is required for a life insurance producer to sell
_____________Quiz____________?
Master policy -
Answer✓✓
What is the contract called that is issued to an employer for a Group Medical Insurance
Plan?
_____________Quiz____________?
Insurable interest can be established sufficiently by sentimental attachment alone -
Answer✓✓
In regards to a life insurance contract, which of the following statements is NOT true
regarding the concept of insurable interest?
_____________Quiz____________?
How to take legal action against an insurance company -
Answer✓✓
Which of the following is NOT information found in a life insurance buyer's guide?
_____________Quiz____________?
Lower than the typical whole life policy during the first few years and then higher than
typical for the remainder -
Answer✓✓
The premium for a Modified whole life policy is?
3
, _____________Quiz____________?
Nonresident producer -
Answer✓✓
A producer who is licensed in Maryland but resident in another state is called a?
_____________Quiz____________?
Taxable income -
Answer✓✓
Justin is receiving disability income benefits from a group policy paid for by his employer.
How are these benefits treated for tax purposes?
_____________Quiz____________?
Excludes payments for a short-term illness or injury -
Answer✓✓
The waiting period for a disability insurance policy
_____________Quiz____________?
Adjustable Life (Adjustable Life allows the policyowner to change two policy features:
premium and face amount) -
Answer✓✓
A policyowner may change two policy features on what type of life
_____________Quiz____________?
Change of occupation (The change of occupation provision is considered an OPTIONAL
provision) -
Answer✓✓
Which of the following is NOT a required provision in an accident and health insurance
policy?
_____________Quiz____________?
4
_____________Quiz____________?
After an insured gives notice of loss, what must he/she do if the insurer does not furnish
forms? -
Answer✓✓
File written proof of loss
_____________Quiz____________?
Which of these factors help determine an insured's life insurance premium? -
Answer✓✓
Avocation (hobby)
_____________Quiz____________?
The Life and Health Guaranty Corporation provides funds to carry out its powers and
duties by assessing -
Answer✓✓
Member insurers
_____________Quiz____________?
Lifetime protection -
Answer✓✓
A limited payment whole life policy provides
_____________Quiz____________?
1
, Decreasing term life -
Answer✓✓
The least expensive option to pay off a 30-yea mortgage balance would be?
_____________Quiz____________?
May never raise premiums -
Answer✓✓
In contrast to a guaranteed renewable policy, a noncancellable policy
_____________Quiz____________?
Period of time after the premium is due but the policy remains in force -
Answer✓✓
What is an insurance policy's grace period?
_____________Quiz____________?
30 days -
Answer✓✓
The standard grace period for a life insurance policy sold in Maryland is
_____________Quiz____________?
At least 21 years old -
Answer✓✓
Which of the following is NOT a requirement for soliciting insurance in Maryland?
_____________Quiz____________?
Medicare supplement Plan F -
Answer✓✓
Which type of plan would be most appropriate for an individual on Medicare and is
concerned that Medicare will NOT pay for charges exceeding the approved amount?
2
, _____________Quiz____________?
Variable life insurance -
Answer✓✓
A securities license is required for a life insurance producer to sell
_____________Quiz____________?
Master policy -
Answer✓✓
What is the contract called that is issued to an employer for a Group Medical Insurance
Plan?
_____________Quiz____________?
Insurable interest can be established sufficiently by sentimental attachment alone -
Answer✓✓
In regards to a life insurance contract, which of the following statements is NOT true
regarding the concept of insurable interest?
_____________Quiz____________?
How to take legal action against an insurance company -
Answer✓✓
Which of the following is NOT information found in a life insurance buyer's guide?
_____________Quiz____________?
Lower than the typical whole life policy during the first few years and then higher than
typical for the remainder -
Answer✓✓
The premium for a Modified whole life policy is?
3
, _____________Quiz____________?
Nonresident producer -
Answer✓✓
A producer who is licensed in Maryland but resident in another state is called a?
_____________Quiz____________?
Taxable income -
Answer✓✓
Justin is receiving disability income benefits from a group policy paid for by his employer.
How are these benefits treated for tax purposes?
_____________Quiz____________?
Excludes payments for a short-term illness or injury -
Answer✓✓
The waiting period for a disability insurance policy
_____________Quiz____________?
Adjustable Life (Adjustable Life allows the policyowner to change two policy features:
premium and face amount) -
Answer✓✓
A policyowner may change two policy features on what type of life
_____________Quiz____________?
Change of occupation (The change of occupation provision is considered an OPTIONAL
provision) -
Answer✓✓
Which of the following is NOT a required provision in an accident and health insurance
policy?
_____________Quiz____________?
4
