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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Life Insurance | - Types of life insurance policies
|
| Insurance Fundamentals | - Insurable interest and risk management concepts - Basic insurance principles |
| Policy Provisions and Options | - Standard policy provisions - Beneficiaries and policy ownership |
| Federal Regulations and Taxation | - Federal insurance-related regulations - Tax treatment of insurance products |
| State Insurance Regulations | - Unfair trade practices and compliance - Producer licensing requirements |
| Ethics and Professional Conduct | - Ethical responsibilities of insurance producers - Consumer protection standards |
| Annuities | - Annuity types and features - Accumulation and payout options |
| Accident and Health Insurance | - Health insurance plans and structures - Disability income and medical expense coverage |
Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
Which of the following is NOT a mandated benefit in Maryland?
- A. Treatment of mental illness
- B. Hearing aids for children
- C. Treatment of substance abuse
- D. Weight reduction programs
Correct Answer: D 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
One feature that distinguishes a continuous premium whole life policy from a limited payment whole life policy is:
- A. The mortality table from which premiums are calculated
- B. The form in which dividends are paid
- C. The length of time premiums will be paid
- D. The settlement options available
Correct Answer: C 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
A life insurance producer is normally responsible for all of the following EXCEPT:
- A. Collecting the initial premium from the applicant
- B. Approving policies for issue on behalf of the insurer
- C. Notifying the company if a new policy will replace an existing policy
- D. Delivering newly issued policies to applicants
Correct Answer: B 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
Which of the following is generally assessed when a participant receives retirement savings from an IRA before reaching age 59½?
- A. Income tax and a penalty tax
- B. A penalty tax only
- C. Income tax only
- D. Capital gains tax
Correct Answer: A 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
Giving policyholders some part of the agent's commission as an inducement to purchase insurance is an unfair trade practice known as:
- A. Rebating
- B. Retention
- C. Replacement
- D. Twisting
Correct Answer: A 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
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