Maryland Life Producer Exam (Series 20-27)
Last Update Mar 1, 2026
Total Questions : 90
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All of the following are underwriting criteria for individual life insurance EXCEPT:
Which advantage does an employer gain by providing a qualified retirement plan, as contrasted to a non-qualified plan?
Which one of the following causes of death typically would be included under an accidental death rider attached to a life insurance policy?
The needs approach to personal life insurance planning includes the creation of an emergency reserve fund. This fund is designed primarily to:
Which of the following reinforces the rule that ambiguities in insurance contracts should be interpreted in favor of the policyholder?
Under which of the following circumstances may a class designation of beneficiary in life insurance be used?
Which of the following is generally assessed when a participant receives retirement savings from an IRA before reaching age 59½?
Splitting the commission with the buyer on a sale of insurance is an unfair trade practice known as:
The entire contract provision in a life insurance policy states that the policy includes:
In order to qualify for a company convention, an insurance producer agrees to pay the first quarterly premium for the applicant for new insurance. This is called a:
Upon terminating employment, Kim requested the 401(k) plan trustee to distribute the entire accrued benefit by a check made payable to the custodian of Kim’s individual retirement account. Under IRS rules, this transaction will be:
To have "an insurable interest" in the life of another person, an individual must have a reasonable expectation of:
The amount received for a life insurance policy in a viatical settlement is:
All of the following may be used as selection criteria in individual life insurance underwriting EXCEPT:
If an insurer knowingly fails to enforce a policy provision on one occasion, the insurer may be prevented from enforcing it on a subsequent occasion by the principle of:
Which is true about the taxation of benefit payments under a non-qualified annuity?
Which one of the following statements about participating life insurance is true?
Which of the following statements about participating life insurance is true?
Which contract offers flexible deposits, deferred taxation, a guaranteed minimum interest rate, and death proceeds equal to the cash value?
The income benefits distributed during the liquidation phase of an annuity contract are normally payable to:
All of the following factors may affect premium determination in individual life insurance EXCEPT:
The purpose of the Life and Health Insurance Guaranty Corporation is to guarantee:
The liability of the insurer’s future obligations to its policyholders is:
All of the following statements about universal life insurance are true EXCEPT:
How often must insurance licensees subject to continuing education meet the educational requirements?
When the owner of a life insurance policy reserves the right to change the beneficiary, the arrangement is called:
One feature that distinguishes a continuous premium whole life policy from a limited payment whole life policy is:
Responsibilities of the life insurance producer in the process of underwriting include all of the following EXCEPT:
Which federal government agency enforces the securities laws enacted by Congress?
An insurable interest in each other's lives may exist in the absence of an economic interest when the individuals are:
The annual addition to an employee's account in a qualified retirement plan:
Which policy provision allows an employee to change from group coverage to an individual life insurance policy?
All of the following statements about the life insurance protection provided by a family life insurance policy are true EXCEPT:
Based on the law of large numbers, which one of the following is true if the number of similar insured units increases?
Which amount may be deposited into a rollover individual retirement account (IRA) for the purpose of deferring income taxes?
Which one of the following life insurance policies is written to insure two or more individuals with the face amount payable upon the death of the first insured?
TESTED 01 Mar 2026
