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Maryland Life and Health Insurance Licensing Exam
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The Maryland Life and Health Insurance Licensing Exam covers general insurance principles, specific life/health products, and state-specific regulations, typically consisting of 130-140 multiple-choice questions. Key topics include annuities, policy provisions, LTC, and Maryland insurance laws. A 70% score is required to pass.  Exam Topics and Content Outline General Insurance Principles: Basic concepts, risk management, and contract law. Life Insurance: Types of policies (term, whole life), policy riders, options, and tax treatment. Annuities: Principles, types (immediate vs. deferred),... Show more
Maryland Life and Health Insurance Licensing Exam
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25 Questions

1. A long-term care policy typically provides all of the following levels of care EXCEPT

2. A policyowner suffers an injury that renders him incapable of performing one or more important job duties. Any decrease in income resulting from this injury would make him eligible for benefits under which provision?

3. A policyowner may change two policy features on what type of life

4. When a producer is replacing an existing ordinary life insurance policy, the producer must take all of the following actions EXCEPT

5. Which of the following does Coordination of Benefits allow?

6. Group dental plans will frequently place a limit on annual benefits in order to minimize

7. The automatic premium loan provision authorizes an insurer to withdraw from a policy's cash value the amount of

8. Shirley has a $500,000 10-year non-renewable level term life policy. If she dies 15 years after the policy's inception date, how much will her beneficiary receive?

9. Which contract element is insurable interest a component of?

10. The premium for a Modified whole life policy is?

11. In Maryland, an insurance producer cannot sell, solicit, or negotiate policies for an insurer unless there is an agreement in place between the producer and insurer. This agreement is called a(n)

12. Which of the following annuity payout options makes no additional payments regardless of the the annuitant dies?

13. Justin is receiving disability income benefits from a group policy paid for by his employer. How are these benefits treated for tax purposes?

14. Under the Affordable Care Act, a large employer that does NOT provide health insurance and owes an employer mandate penalty MUST pay an annual penalty, which is calculated by multiplying $2,000 by

15. An example of risk sharing would be

16. An ____ ____ sells, solicits, or negotiates insurance contracts for compensation

17. All of these are valid policy dividend options for a life insurance policyowner EXCEPT

18. What is the purpose for having an accelerated death benefit on a life insurance policy?

19. A limited payment whole life policy provides

20. Which of the following would be a valid reason why a policy premium would be higher than the standard premium

21. Which of these factors help determine an insured's life insurance premium?

22. Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), a terminated employee's benefits must

23. In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest?

24. A life insurance policy normally contains a provision that restricts coverage in the event of death under all of the following situations EXCEPT

25. Level premium permanent insurance accumulates a reserve that will eventually

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