Maryland Insurance Administration Life-Producer test insides dumps : Maryland Life Producer Exam (Series 20-27)

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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. When a wage earner dies, the surviving family members may have all of the following expenses EXCEPT:

A) Family living expenses
B) Death taxes
C) Unemployment tax liabilities
D) Final expenses

2. If a life insurer denies a policy of life insurance, the insurer shall disclose the results of any medicalexamination administered to determine insurability to the:

A) Physician that furnished medical information to the insurer
B) Company's underwriter
C) Beneficiary of the policy
D) Physician of the applicant's choice upon the request of the applicant

3. Which amount may be deposited into a rollover individual retirement account (IRA) for the purpose of deferring income taxes?

A) The amount paid to the spouse of a deceased annuitant under a tax-sheltered annuity
B) The proceeds of a life insurance policy paid to a beneficiary under age 70-1/2
C) The refund received by the beneficiary under a refund life annuity
D) The value of an IRA established by the beneficiary's deceased parent

4. A refusal to do business with a particular individual or business is known as:

A) A boycott
B) An injunction
C) An estoppel
D) A binder

5. The Maryland Insurance Administration may suspend an agent's license for all of the following reasons EXCEPT:

A) Mishandling premium payments
B) Sharing commissions with agents holding the same license type
C) Violating a regulation or order of the Maryland Insurance Administration
D) Engaging in fraudulent or dishonest practices

Solutions: