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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| State Law and Regulations | - Insurance producer regulations
|
| General Insurance Concepts | - Insurance principles and risk management
|
| Accident and Health Insurance | - Health insurance types
|
| Life Insurance | - Life insurance policies
|
Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
An insurance adviser's written contract with the client must include all of the following EXCEPT:
- A. Expiration date of the consultant's license
- B. Amount of the fee
- C. Disclosure as to whether commissions may be received
- D. Duration of the contract
Correct Answer: A 🗳️
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All of the following are examples of unfair claims settlement practices EXCEPT:
- A. Failing to promptly provide a reason for a claim denial
- B. Misrepresenting pertinent facts of coverage
- C. Denying unsubstantiated claims on a timely basis
- D. Refusing arbitrarily and unreasonably to pay claims
Correct Answer: C 🗳️
Explanation: Only visible for UpdateDumps members. You can sign-up / login (it's free).
The purchaser of a deferred annuity normally intends that the income benefits will begin:
- A. Upon request of the designated beneficiary
- B. Within several weeks after the annuity is purchased
- C. Upon the death of the annuitant
- D. On a specified date often years after issuance
Correct Answer: D 🗳️
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The Maryland Insurance Administration may suspend an agent's license for all of the following reasons EXCEPT:
- A. Violating a regulation or order of the Maryland Insurance Administration
- B. Mishandling premium payments
- C. Sharing commissions with agents holding the same license type
- D. Engaging in fraudulent or dishonest practices
Correct Answer: C 🗳️
Explanation: Only visible for UpdateDumps members. You can sign-up / login (it's free).
All of the following are basic underwriting actions in accident and health insurance EXCEPT:
- A. Rejecting applicants
- B. Deleting uniform policy provisions
- C. Issuing policies with exclusion riders
- D. Issuing standard policies as applied for
Correct Answer: B 🗳️
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