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Maryland Insurance Administration Life-Producer Exam Syllabus Topics:

Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:

1. A group policy may be issued to a labor union. The members eligible for insurance under the policy shall be:

A) All of the members of the union
B) Healthy members of the union
C) Members of any union
D) Only members of the union who are under the age of 65

2. An insurance producer's license may be suspended or revoked by:

A) The Attorney General
B) The Maryland Insurance Administration
C) The appointing insurer
D) The continuing education course provider

3. Who normally receives dividends in a stock insurance company?

A) Shareholders
B) Only members of the board of directors
C) Beneficiaries
D) Producers

4. A licensee must report each of the following to the Maryland Insurance Administration EXCEPT:

A) Change of residence address
B) Felony convictions
C) Change of name
D) Change in financial status

5. The Maryland Insurance Administration is an agency of the:

A) State government
B) Maryland General Assembly
C) Federal government
D) National Association of Insurance Commissioners

Solutions: