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Maryland Insurance Administration MarylandAccident and Health or Sickness Producer Series 20-24 Sample Questions:
1. Under Maryland law, the agreement between an insurance producer and insurer under which the insurance producer, for compensation, may sell, solicit, or negotiate policies issued by the insurer is defined as:
A) An appointment
B) A certificate of authority
C) A binding agreement
D) A license
2. In accident and health insurance, a waiting period for pre-existing conditions means that:
A) Coverage for pre-existing conditions starts at the inception of the new policy
B) A period of time must elapse before pre-existing conditions are covered
C) Payment for expenses resulting from pre-existing conditions is held in escrow
D) Coverage for pre-existing conditions is permanently excluded by a new insurer
3. The primary purpose of disability income insurance is to:
A) Provide benefit payments for a period of time when the insured is unable to work
B) Pay necessary hospital expenses when the insured is unable to work
C) Provide indemnity for loss of life
D) Pay any physicians' fees resulting from a disabling injury
4. In Maryland, an insurance producer is a person who solicits, negotiates, or sells insurance plans PRIMARILY in conjunction with:
A) Enrolling individuals in group plans
B) Performing clerical duties
C) Earning commission
D) Acting as a regularly salaried officer
5. The Maryland Insurance Administration is an agency of the:
A) National Association of Insurance Commissioners
B) Federal government
C) Maryland General Assembly
D) State government
Solutions:
Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: D |