Maryland Insurance Administration Life-Producer Exam Overview:
| Certification Vendor: | Maryland Insurance Administration |
| Exam Name: | Maryland Life Producer Exam |
| Exam Number: | Series 20-27 |
| Certificate Validity Period: | Perpetual with continuing education and license renewal requirements |
| Related Certifications: | Maryland Life Insurance Producer License |
| Real Exam Qty: | 90 |
| Available Languages: | English |
| Exam Price: | $60 USD |
| Passing Score: | 70% |
| Exam Format: | Multiple Choice |
| Exam Duration: | 105 minutes |
| Sample Questions: | Maryland Insurance Administration Life-Producer Sample Questions |
| Exam Way: | Computer-based testing at Prometric test centers or approved remote proctoring locations. |
| Pre Condition: | Must be at least 18 years old, submit license application, complete fingerprint/background requirements, and pass the state licensing examination. |
| Official Syllabus URL: | https://www.prometric.com/exams/mia |
Maryland Insurance Administration Life-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Types of Policies | - Term Life Insurance
|
| Topic 2: Life Insurance Policy Riders and Provisions | - Policy Provisions
|
| Topic 3: Annuities | - Annuity Benefit Options
|
| Topic 4: Federal Tax Considerations | - Qualified Plans
|
| Topic 5: Maryland Insurance Laws and Regulations | - Regulatory Practices
|
Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:
1. The purpose of licensing insurance agents is to:
A) Limit the number of agents who do business within Maryland
B) Demonstrate that the agent is qualified to act on behalf of insurers in Maryland
C) Monitor insurance sales activity in Maryland
D) Regulate rates to prevent unfair discrimination among insureds
2. Which of the following statements about cash values in whole life insurance policies is true?
A) They equal the policy face value at age 65.
B) They typically increase until age 65 and remain level thereafter.
C) They result from the level premium concept.
D) They cannot be guaranteed.
3. A life insurance policy becomes incontestable after it has been in force for:
A) 6 months
B) 3 years
C) 30 days
D) 2 years
4. The life insurance buyer's guide includes information about all of the following EXCEPT how to:
A) Calculate
B) Compare life insurance policy requirements
C) Take civil action against an insurer
D) Decide how much life insurance to buy
5. What does the annuitant usually receive during the liquidation phase of an annuity?
A) Benefit payments at regular intervals
B) Cash withdrawals upon request
C) A lump sum
D) Nothing
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A |
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