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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Life Insurance Basics and Policies | 25% | - Types of life insurance: term, whole, universal, variable - Policy provisions, riders, and options - Beneficiaries, claims, and settlement options |
| Insurance Regulation | 30% | - Licensing requirements and procedures - Policy delivery, replacement rules, and disclosure - Ethics, unfair trade practices, and consumer protection - State insurance laws and Maryland regulations |
| Accident and Health / Sickness Insurance | 20% | - Health insurance basics and policy provisions - Disability income, medical expense, and long-term care - HMO, PPO, group vs individual coverage - Mandatory benefits and state-specific health rules |
| Annuities and Retirement Products | 10% | - Tax treatment and suitability standards - Fixed, indexed, and variable annuities |
| General Insurance Concepts | 15% | - Insurable interest and risk management - Underwriting, premium calculation, and taxation - Contract law and principles |
Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
1. The Maryland State Benchmark Plan applies to which of the following?
A) Individual Health Benefit Plans sold outside the Exchange prior to January 1, 2014
B) Medicaid plans sold through the Exchange
C) Medicare supplement plans sold outside the Exchange prior to January 1, 2014
D) Individual Health Benefit Plans sold through the Exchange
2. Which of the following statements about cash values in whole life insurance policies is true?
A) They typically increase until age 65 and remain level thereafter.
B) They equal the policy face value at age 65.
C) They result from the level premium concept.
D) They cannot be guaranteed.
3. What does the annuitant usually receive during the liquidation phase of an annuity?
A) Cash withdrawals upon request
B) Benefit payments at regular intervals
C) A lump sum
D) Nothing
4. In surrendering a life insurance contract for its cash value, the total of premiums paid less the total of any dividends received in cash or used to offset premiums is:
A) The loan value
B) The gross proceeds
C) The cash value
D) The cost basis
5. The phrase, "this policy pays $1,800 for hospital room and board expenses," should include the:
A) Maximum daily benefit and the minimum time limit for hospital room and board expenses
B) Minimum daily benefit and the maximum time limit for hospital room and board expenses
C) Minimum daily benefit and the minimum time limit for hospital room and board expenses
D) Maximum daily benefit and the maximum time limit for hospital room and board expenses
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |



