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Maryland Insurance Administration Life-Producer Exam Overview:
| Certification Vendor: | Maryland Insurance Administration |
| Exam Name: | Maryland Life Insurance Producer Examination (Life Producer) |
| Exam Number: | Series 20-27 |
| Available Languages: | English |
| Related Certifications: | Maryland Property & Casualty Producer License Maryland Health Insurance Producer License |
| Exam Format: | Multiple-choice |
| Recommended Training: | PSI Exam Candidate Information Bulletin Maryland Insurance Pre-Licensing Education Providers (State-approved list) |
| Exam Registration: | Maryland Insurance Administration Licensing Information PSI Maryland Insurance Licensing Exam Registration |
| Sample Questions: | Maryland Insurance Administration Life-Producer Sample Questions |
| Exam Way: | Computer-based testing at authorized PSI testing centers (and/or approved remote proctoring depending on PSI availability in Maryland). |
| Pre Condition: | Completion of state-approved pre-licensing education course required before exam registration. |
| Official Syllabus URL: | https://insurance.maryland.gov |
Maryland Insurance Administration Life-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Life Insurance Products | - Annuities
|
| Topic 2: Policy Provisions and Riders | - Common riders
|
| Topic 3: Insurance Fundamentals | - Insurance concepts
|
| Topic 4: State Regulation (Maryland Insurance Law) | - Producer licensing requirements
|
Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:
1. An insurable interest in each other's lives may exist in the absence of an economic interest when the individuals are:
A) Marriage partners
B) Business associates
C) Traveling companions
D) Competitors
2. A refusal to do business with a particular individual or business is known as:
A) An estoppel
B) A binder
C) A boycott
D) An injunction
3. Splitting the commission with the buyer on a sale of insurance is an unfair trade practice known as:
A) Twisting
B) Rebating
C) Soliciting
D) Binding
4. The beneficiary of a life insurance policy is the:
A) Insurer that issues the policy
B) Person or entity who has ownership interest in the policy
C) Person or entity designated in the policy to receive the death proceeds
D) Owner of the cash value fund
5. Publishing a derogatory article about the financial condition of an insurer that is false and calculated to injure the insurer is an example of:
A) Defamation
B) Extortion
C) Intimidation
D) Coercion
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: A |
By Jason
