- 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: Jul 18, 2026
- Q & A: 265 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Insurance Concepts | 15% | - Insurable interest and risk management - Underwriting, premium calculation, and taxation - Contract law and principles |
| Topic 2: Annuities and Retirement Products | 10% | - Fixed, indexed, and variable annuities - Tax treatment and suitability standards |
| Topic 3: Insurance Regulation | 30% | - State insurance laws and Maryland regulations - Ethics, unfair trade practices, and consumer protection - Licensing requirements and procedures - Policy delivery, replacement rules, and disclosure |
| Topic 4: Accident and Health / Sickness Insurance | 20% | - Disability income, medical expense, and long-term care - Mandatory benefits and state-specific health rules - HMO, PPO, group vs individual coverage - Health insurance basics and policy provisions |
| Topic 5: Life Insurance Basics and Policies | 25% | - Policy provisions, riders, and options - Types of life insurance: term, whole, universal, variable - Beneficiaries, claims, and settlement options |
1. The annual addition to an employee ' s account in a qualified retirement plan:
A) Can be any amount as determined by the employer from year to year
B) Must be the same dollar amount for every full-time employee
C) Cannot exceed maximum limits set by the Internal Revenue Service
D) Usually reflects the employee ' s individual work performance each year
2. When payment of the initial premium does NOT accompany the application, coverage under a life insurance policy normally begins:
A) When the producer delivers the policy to the insured and collects the required premium
B) When the application is completed and signed
C) One week following submission of the inspection report
D) At 12:01 a.m. on the first day of the month
3. If an individual's occupation is considered to be illegal:
A) It may require a waiver on a disability income insurance policy
B) It results in a substandard rating on an accident and health insurance policy
C) It must be stated as such on an accident and health insurance application
D) It may result in a denial of a disability income claim
4. Which of the following is NOT a mandated benefit in Maryland?
A) Treatment of substance abuse
B) Treatment of mental illness
C) Hearing aids for children
D) Weight reduction programs
5. Which activity is an unfair claims settlement practice?
A) Negotiating the payment of claims where coverage or liability is in question
B) Offering settlements that are less than the fair value to offset insurer expenses
C) Including an arbitration provision in the insurer ' s policies
D) Denying claims on the basis of specific policy provisions
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |
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