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

SectionObjectives
State Law and Regulations- Insurance producer regulations
  • 1. Licensing requirements
    • 2. Ethics and fiduciary duties
      General Insurance Concepts- Insurance principles and risk management
      • 1. Risk types and management methods
        • 2. Insurance contract fundamentals
          Accident and Health Insurance- Health insurance types
          • 1. Long-term care insurance
            • 2. Disability income insurance
              • 3. Medical expense insurance
                - Policy provisions
                • 1. Coordination of benefits
                  • 2. Exclusions and limitations
                    Life Insurance- Life insurance policies
                    • 1. Universal life insurance
                      • 2. Whole life insurance
                        • 3. Term life insurance
                          - Policy provisions and riders
                          • 1. Policy loans and dividends
                            • 2. Beneficiaries and settlements

                              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
                              Reveal Solution  Discussion  0

                              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
                              Reveal Solution  Discussion  0

                              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
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

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

                              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
                              Reveal Solution  Discussion  0

                              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
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

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