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

1. The needs approach to personal life insurance planning includes the creation of an emergency reserve fund.
This fund is designed primarily to:

A) Pay off an existing mortgage
B) Cover the cost of unexpected expenses
C) Provide retirement income
D) Pay for college tuition and books


2. In general practice, can the Maryland Insurance Administration inspect the business records of an insurance company or agency?

A) No, because of privacy considerations
B) Yes, because of the powers defined by state laws
C) Yes, because all company and agency records are public domain
D) No, because only an officer of the court can inspect these records


3. Which one of the following life insurance settlement options pays a predetermined monthly benefit until principal and interest are exhausted?

A) The interest-only option
B) The accelerated endowment option
C) The fixed amount installment option
D) The fixed period installment option


4. Medical expense insurance typically EXCLUDES coverage for:

A) Maternity care benefits
B) Hospital laboratory tests
C) Expenses incurred for primarily cosmetic surgery
D) Hospital care extending past 30 days


5. The Maryland Insurance Administration may suspend an agent's license for all of the following reasons EXCEPT:

A) Mishandling premium payments
B) Engaging in fraudulent or dishonest practices
C) Sharing commissions with agents holding the same license type
D) Violating a regulation or order of the Maryland Insurance Administration


Solutions:

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

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