- Exam Code: Life-and-Accident-and-Health-or-Sickness-Producer-Combo
- Exam Name: Life and Accident and Health or Sickness Producer - Combo Series 20-30
- Updated: Aug 26, 2026
- Q & A: 265 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Insurance Regulation | 30% | - State insurance laws and Maryland regulations - Policy delivery, replacement rules, and disclosure - Licensing requirements and procedures - Ethics, unfair trade practices, and consumer protection |
| Accident and Health / Sickness Insurance | 20% | - HMO, PPO, group vs individual coverage - Disability income, medical expense, and long-term care - Health insurance basics and policy provisions - Mandatory benefits and state-specific health rules |
| Life Insurance Basics and Policies | 25% | - Types of life insurance: term, whole, universal, variable - Beneficiaries, claims, and settlement options - Policy provisions, riders, and options |
| General Insurance Concepts | 15% | - Contract law and principles - Underwriting, premium calculation, and taxation - Insurable interest and risk management |
| Annuities and Retirement Products | 10% | - Tax treatment and suitability standards - Fixed, indexed, and variable annuities |
1. All of the following statements about universal life insurance are true EXCEPT:
A) Failure to pay the renewal premium automatically causes the policy to lapse
B) It may be written with either a level death benefit or an increasing death benefit
C) Withdrawals of the policy cash value are permitted and sometimes subject to a surrender charge
D) The Internal Revenue Code places a minimum limitation on the difference between the cash value and the death benefit
2. Pat owns a small business and is interested in enrolling her son in the Maryland Children's Health Insurance Program. Which of the following is the MOST appropriate person for Pat to contact for enrollment?
A) An Insurance Producer authorized to work in the SHOP Exchange
B) A certified Navigator or authorized Producer for the Individual Exchange
C) A SHOP Exchange Navigator
D) The Maryland Insurance Commissioner
3. All of the following may be used as selection criteria in individual life insurance underwriting EXCEPT:
A) National origin
B) Age
C) Smoking habits
D) Health status
4. When a producer sells an individual accident and health insurance policy, how is the initial premium usually paid?
A) The insurer utilizes the applicant's automatic bank draft authorization
B) The applicant sends it directly to the insurer with the application
C) The producer collects and forwards it to the insurer
D) The insurer bills the applicant when the application is approved
5. When a single major medical contract covers all medical expenses, the plan is considered to be:
A) First-dollar
B) Supplemental
C) Comprehensive
D) Limited
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: C |
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