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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Accident and Health / Sickness Insurance | 20% | - Mandatory benefits and state-specific health rules - Disability income, medical expense, and long-term care - HMO, PPO, group vs individual coverage - Health insurance basics and policy provisions |
| Life Insurance Basics and Policies | 25% | - Beneficiaries, claims, and settlement options - Types of life insurance: term, whole, universal, variable - Policy provisions, riders, and options |
| Insurance Regulation | 30% | - Policy delivery, replacement rules, and disclosure - Licensing requirements and procedures - State insurance laws and Maryland regulations - Ethics, unfair trade practices, and consumer protection |
| 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:
Question 1
All of the following would be considered an unfair trade practice EXCEPT:
A. Statements misrepresenting the benefits of an insurance policy
B. Publishing false statements derogatory to the financial condition of an insurer
C. Sharing commissions with agents who have equivalent licenses
D. Misrepresentation of any insurance policy as being shares of stock
Question 2
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. A nonforfeiture option
C. An accelerated death benefit
D. A survivorship policy
Question 3
When a producer sells an individual accident and health insurance policy, how is the initial premium usually paid?
A. The producer collects and forwards it to the insurer
B. The insurer utilizes the applicant's automatic bank draft authorization
C. The insurer bills the applicant when the application is approved
D. The applicant sends it directly to the insurer with the application
Question 4
All of the following are true of insurance EXCEPT:
A. It transfers risk
B. It eliminates risk
C. It protects against uncertainty
D. It is a means of sharing losses
Question 5
Which benefit is usually excluded from accident and health plan coverage?
A. Custodial care
B. Surgical expense
C. Physicians' visits
D. Hospital expense
Solutions:
| Question 1 Answer: C | Question 2 Answer: A | Question 3 Answer: A | Question 4 Answer: B | Question 5 Answer: A |






