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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:

SectionObjectives
Accident and Health Insurance- Disability income and medical expense coverage
- Health insurance plans and structures
Policy Provisions and Options- Beneficiaries and policy ownership
- Standard policy provisions
State Insurance Regulations- Producer licensing requirements
- Unfair trade practices and compliance
Ethics and Professional Conduct- Consumer protection standards
- Ethical responsibilities of insurance producers
Insurance Fundamentals- Insurable interest and risk management concepts
- Basic insurance principles
Life Insurance- Life policy provisions and riders
- Types of life insurance policies
  • 1. Whole life insurance
    • 2. Universal life insurance
      • 3. Term life insurance
        Federal Regulations and Taxation- Federal insurance-related regulations
        - Tax treatment of insurance products
        Annuities- Accumulation and payout options
        - Annuity types and features

        Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:

        Question #1

        If, after submitting an application, a producer becomes aware of a material fact that may affect the underwriting decision, the producer ' s ethical responsibility requires that the producer:

        • A. Deny knowledge of the fact
        • B. Advise the applicant to amend the application
        • C. Acknowledge the fact only if asked by the insurance company
        • D. Report the fact to the insurance company
        Reveal Solution  Discussion  0

        Correct Answer: D  🗳️

        Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

        Question #2

        The purpose of licensing insurance agents is to:

        • A. Limit the number of agents who do business within Maryland
        • B. Monitor insurance sales activity in Maryland
        • C. Regulate rates to prevent unfair discrimination among insureds
        • D. Demonstrate that the agent is qualified to act on behalf of insurers in Maryland
        Reveal Solution  Discussion  0

        Correct Answer: D  🗳️

        Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

        Question #3

        An insurance producer provided several examples to the applicant persuasively demonstrating that the insurance coverage offered under his company's policy was superior to a competitor's product. The insurance producer knew he was misrepresenting or stretching the truth in order to induce the applicant to forfeit her current policy and purchase a similar but inferior insurance policy from him. The insurance producer is involved in which one of the following unfair trade practices?

        • A. Discrimination
        • B. Rebating
        • C. Fraud
        • D. Twisting
        Reveal Solution  Discussion  0

        Correct Answer: D  🗳️

        Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

        Question #4

        Which benefit is usually excluded from major medical expense plan coverage?

        • A. Hospice care
        • B. Routine dental care
        • C. Prescription drugs
        • D. Physical therapy
        Reveal Solution  Discussion  0

        Correct Answer: B  🗳️

        Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

        Question #5

        A temporary insurance license may be issued to all of the following EXCEPT:

        • A. A nonresident producer in the process of moving to Maryland
        • B. A surviving spouse upon the death of a licensed producer
        • C. An employee upon the disability of the producer
        • D. An employee of the producer upon the sale of the producer's business
        Reveal Solution  Discussion  0

        Correct Answer: A  🗳️

        Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

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