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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:
| Section | Weight | Objectives |
| Topic 1: Insurance Regulation | 30% | - Policy delivery, replacement rules, and disclosure
- Licensing requirements and procedures
- State insurance laws and Maryland regulations
- Ethics, unfair trade practices, and consumer protection
|
| Topic 2: Accident and Health / Sickness Insurance | 20% | - Health insurance basics and policy provisions
- HMO, PPO, group vs individual coverage
- Mandatory benefits and state-specific health rules
- Disability income, medical expense, and long-term care
|
| Topic 3: Life Insurance Basics and Policies | 25% | - Policy provisions, riders, and options
- Beneficiaries, claims, and settlement options
- Types of life insurance: term, whole, universal, variable
|
| Topic 4: Annuities and Retirement Products | 10% | - Tax treatment and suitability standards
- Fixed, indexed, and variable annuities
|
| Topic 5: General Insurance Concepts | 15% | - Underwriting, premium calculation, and taxation
- Contract law and principles
- Insurable interest and risk management
|
Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
1. When the insured's willful failure to disclose a material fact at the time of application is discovered by the insurer shortly after the policy is issued:
A) The policy is automatically void
B) The policy is voidable at the insurer's option
C) The insurer may cancel the policy only at the expiration or renewal date
D) The insurer must continue the insurance policy in full force
2. In determining the payment of accelerated life insurance benefits, all of the following are considered activities of daily living EXCEPT:
A) Speaking
B) Bathing
C) Eating
D) Dressing
3. How many days does a former employee have to convert a group term policy to an individual policy after employment is terminated?
A) 10
B) 31
C) 20
D) 30
4. To determine whether unfair trade practices have been violated, who has the power to examine an insurer ' s books and records?
A) The Maryland Property & Casualty Insurance Guaranty Corporation (PCIGC)
B) The Federal Deposit Insurance Corporation
C) The National Association of Insurance Commissioners
D) The Maryland Insurance Administration
5. The penalty tax incurred for premature distributions from an IRA is:
A) 5%
B) 10%
C) 50%
D) 20%
Solutions:
Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: B |