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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:

SectionObjectives
State Law and Regulations- Insurance producer regulations
  • 1. Ethics and fiduciary duties
    • 2. Licensing requirements
      Accident and Health Insurance- Policy provisions
      • 1. Exclusions and limitations
        • 2. Coordination of benefits
          - Health insurance types
          • 1. Medical expense insurance
            • 2. Disability income insurance
              • 3. Long-term care insurance
                General Insurance Concepts- Insurance principles and risk management
                • 1. Insurance contract fundamentals
                  • 2. Risk types and management methods
                    Life Insurance- Policy provisions and riders
                    • 1. Beneficiaries and settlements
                      • 2. Policy loans and dividends
                        - Life insurance policies
                        • 1. Whole life insurance
                          • 2. Term life insurance
                            • 3. Universal life insurance

                              Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:

                              1. The liability of the insurer's future obligations to its policyholders is:

                              A) Reserves
                              B) Surplus
                              C) Contingency fund
                              D) Capital account


                              2. A nonprofit health service plan may NOT issue a contract that covers which of the following types of benefits?

                              A) Vision benefits
                              B) Dental benefits
                              C) Disability income benefits
                              D) Medical expense benefits


                              3. All of the following would be considered an unfair trade practice EXCEPT:

                              A) Statements misrepresenting the benefits of an insurance policy
                              B) Misrepresentation of any insurance policy as being shares of stock
                              C) Sharing commissions with agents who have equivalent licenses
                              D) Publishing false statements derogatory to the financial condition of an insurer


                              4. Under Maryland law, the agreement between an insurance producer and insurer under which the insurance producer, for compensation, may sell, solicit, or negotiate policies issued by the insurer is defined as:

                              A) A certificate of authority
                              B) A binding agreement
                              C) An appointment
                              D) A license


                              5. Accident and health policies must cover physically or mentally handicapped dependent children:

                              A) To age 19
                              B) For life
                              C) Until they become self-sustaining
                              D) To age 25


                              Solutions:

                              Question # 1
                              Answer: A
                              Question # 2
                              Answer: C
                              Question # 3
                              Answer: C
                              Question # 4
                              Answer: C
                              Question # 5
                              Answer: B

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