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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:
| Section | Objectives |
| State Insurance Regulations | - Unfair trade practices and compliance
- Producer licensing requirements
|
| Policy Provisions and Options | - Standard policy provisions
- Beneficiaries and policy ownership
|
| Ethics and Professional Conduct | - Consumer protection standards
- Ethical responsibilities of insurance producers
|
| Accident and Health Insurance | - Disability income and medical expense coverage
- Health insurance plans and structures
|
| Insurance Fundamentals | - Basic insurance principles
- Insurable interest and risk management concepts
|
| Life Insurance | - Life policy provisions and riders
- Types of life insurance policies
- 1. Term life insurance
- 2. Whole life insurance
- 3. Universal life insurance
|
| Federal Regulations and Taxation | - Tax treatment of insurance products
- Federal insurance-related regulations
|
| Annuities | - Annuity types and features
- Accumulation and payout options
|
Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
An existing life insurance policy is sold by the policyowner to help finance the cost of a terminal illness. This is an example of:
- A. A viatical settlement
- B. An accelerated death benefit
- C. A nonforfeiture option
- D. A survivorship policy
Answer: A
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In general practice, which one of the following is true of the powers of the Maryland Insurance Administration with respect to access to a producer's business records?
- A. Records can only be accessed by an order of a state court
- B. Authorization must come from the National Association of Insurance Commissioners
- C. Records must be produced upon the request of the Maryland Insurance Administration
- D. The Maryland Insurance Administration has no right to access a producer's business records because of privacy considerations
Answer: C
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In general practice, which one of the following is true of the powers of the Maryland Insurance Administration with respect to access to a producer's business records?
- A. Records can only be accessed by an order of a state court
- B. Authorization must come from the National Association of Insurance Commissioners (NAIC)
- C. Records must be produced upon the request of the Maryland Insurance Administration
- D. The Maryland Insurance Administration has no right to access a producer's business records because of privacy considerations
Answer: C
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To be eligible for major medical extended care benefits, a patient must:
- A. Require physical therapy
- B. Have had surgery
- C. Require continuous skilled nursing care
- D. Be terminally ill
Answer: C
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Splitting the commission with the buyer on a sale of insurance is an unfair trade practice known as:
- A. Rebating
- B. Soliciting
- C. Binding
- D. Twisting
Answer: A
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