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

SectionObjectives
Policy Provisions and Options- Standard policy provisions
- Beneficiaries and policy ownership
Accident and Health Insurance- Health insurance plans and structures
- Disability income and medical expense coverage
Insurance Fundamentals- Basic insurance principles
- Insurable interest and risk management concepts
Ethics and Professional Conduct- Consumer protection standards
- Ethical responsibilities of insurance producers
Life Insurance- Life policy provisions and riders
- Types of life insurance policies
  • 1. Whole life insurance
    • 2. Universal life insurance
      • 3. Term life insurance
        State Insurance Regulations- Producer licensing requirements
        - Unfair trade practices and compliance
        Annuities- Annuity types and features
        - Accumulation and payout options
        Federal Regulations and Taxation- Tax treatment of insurance products
        - Federal insurance-related regulations

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

        What must the insurer provide to certificate holders when a group Medicare Supplement insurance policy is terminated and not replaced?

        • A. An offer of membership in another group
        • B. A buyer's guide to Medicare Part B
        • C. An offer of continuation coverage
        • D. An offer of conversion to individual coverage
        Answer: D

        Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

        If an insurer pays an individual accident and health insurance claim during a policy's grace period:

        • A. A 10% service fee is charged
        • B. The policy is canceled automatically at the end of the grace period
        • C. The amount of unpaid premium may be subtracted from the reimbursement
        • D. The deductible is waived
        Answer: C

        Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

        Before issuing a policy of long-term care insurance to an applicant who is at least 80 years old, unless the policy is guaranteed issue, the carrier shall obtain a:

        • A. Power of attorney
        • B. Report of a physical examination
        • C. Copy of the person's living will
        • D. Applicant's family's consent
        Answer: B

        Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

        A producer is prohibited from:

        • A. Countersigning a policy sold in Maryland
        • B. Splitting commissions with a licensed nonresident producer who has jointly sold a policy
        • C. Allowing an applicant to sign a blank or incomplete application
        • D. Selling insurance to family members
        Answer: C

        Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

        To determine whether unfair trade practices have been violated, who has the power to examine an insurer ' s books and records?

        • A. The Maryland Property & Casualty Insurance Guaranty Corporation (PCIGC)
        • B. The Maryland Insurance Administration
        • C. The Federal Deposit Insurance Corporation
        • D. The National Association of Insurance Commissioners
        Answer: B

        Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

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