Maryland Insurance Administration Life-Producer - Maryland Life Producer Exam (Series 20-27)
- Exam Code: Life-Producer
- Exam Name: Maryland Life Producer Exam (Series 20-27)
- Updated: Aug 24, 2026
- Q & A: 85 Questions and Answers
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| Section | Objectives |
|---|---|
| Federal Tax Considerations | - Qualified Plans
|
| Types of Policies | - Term Life Insurance
|
| Life Insurance Policy Riders and Provisions | - Policy Provisions
|
| Maryland Insurance Laws and Regulations | - Regulatory Practices
|
| Annuities | - Annuity Principles
|
1. The free-look period provided in a life insurance policy is usually:
A) 60 days
B) 31 days
C) 10 days
D) 45 days
2. An individual life insurance policy may include coverage for all of the following EXCEPT:
A) Burial
B) Long-term care
C) Disability
D) Workers' compensation
3. A refusal to do business with a particular individual or business is known as:
A) A binder
B) A boycott
C) An estoppel
D) An injunction
4. How long will income benefit payments continue under a life annuity with ten years certain?
A) Until the annuitant dies, or for ten years, whichever is longer
B) Only until the annuitant dies, regardless of when death occurs
C) Until the annuitant dies, and for an additional ten years
D) Only for ten years, regardless of how long the annuitant lives
5. An insurable interest in each other's lives may exist in the absence of an economic interest when the individuals are:
A) Business associates
B) Traveling companions
C) Marriage partners
D) Competitors
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: C |
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