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Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
1. Who approves the continuing education courses required for producers in Maryland?
A) Each individual's agency manager
B) The Maryland Insurance Administration
C) Each insurer with which the licensee holds an appointment
D) The National Association of Insurance Commissioners
2. The Maryland Health Insurance Plan is designed to provide comprehensive health benefits for:
A) Children of low-income Maryland residents
B) Senior citizens residing in Maryland
C) Low-income residents of Maryland
D) Medically uninsurable Maryland residents
3. Fixed annuities credit interest at a rate no lower than the:
A) Contract guaranteed rate
B) Front-end load rate
C) Current prime rate
D) Expected renewal interest rate
4. Which advantage does an employer gain by providing a qualified retirement plan, as contrasted to a non- qualified plan?
A) The plan funds are available for general business needs
B) The employer's contributions to the plan are tax deductible
C) It can be designed for the exclusive benefit of several key employees
D) It is useful in rewarding selected employees for good work performance
5. Medical expense insurance typically EXCLUDES coverage for:
A) Hospital laboratory tests
B) Hospital care extending past 30 days
C) Maternity care benefits
D) Expenses incurred for primarily cosmetic surgery
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: D |
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