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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Insurance Regulation | 30% | - Policy delivery, replacement rules, and disclosure - Ethics, unfair trade practices, and consumer protection - Licensing requirements and procedures - State insurance laws and Maryland regulations |
| Topic 2: Life Insurance Basics and Policies | 25% | - Types of life insurance: term, whole, universal, variable - Beneficiaries, claims, and settlement options - Policy provisions, riders, and options |
| Topic 3: Accident and Health / Sickness Insurance | 20% | - HMO, PPO, group vs individual coverage - Mandatory benefits and state-specific health rules - Disability income, medical expense, and long-term care - Health insurance basics and policy provisions |
| Topic 4: General Insurance Concepts | 15% | - Underwriting, premium calculation, and taxation - Contract law and principles - Insurable interest and risk management |
| Topic 5: Annuities and Retirement Products | 10% | - Fixed, indexed, and variable annuities - Tax treatment and suitability standards |
Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
Question 1
All of the following are characteristics of a preferred risk applicant for disability income insurance EXCEPT:
A. Non-hazardous occupation
B. High income
C. Non-smoker
D. Physically active
Question 2
The Maryland State Benchmark Plan applies to which of the following?
A. Individual Health Benefit Plans sold through the Exchange
B. Medicare supplement plans sold outside the Exchange prior to January 1, 2014
C. Individual Health Benefit Plans sold outside the Exchange prior to January 1, 2014
D. Medicaid plans sold through the Exchange
Question 3
Before issuing a policy of long-term care insurance to an applicant who is at least 80 years old, unless the policy is guaranteed issue, the carrier shall obtain a:
A. Applicant's family's consent
B. Copy of the person's living will
C. Power of attorney
D. Report of a physical examination
Question 4
The needs approach in life insurance is most useful in determining:
A. The most appropriate method for prospecting new clients
B. Which types of individuals the producer should attempt to meet
C. Which companies offer the best array of life insurance products
D. The amount of life insurance to be recommended to a client
Question 5
The beneficiary of a life insurance policy is the:
A. Insurer that issues the policy
B. Owner of the cash value fund
C. Person or entity designated in the policy to receive the death proceeds
D. Person or entity who has ownership interest in the policy
Solutions:
| Question 1 Answer: B | Question 2 Answer: A | Question 3 Answer: D | Question 4 Answer: D | Question 5 Answer: C |







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