Maryland Life & Health
Insurance Licensing Exam
2026 | Practice Questions
& Study Guide
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Updated 2026 Questions and Answers
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, Master policy What is the contract called that is issued to an employer for a Group Medical
Insurance Plan?
Insurable interest can be established sufficiently by In regards to a life insurance contract, which of the following statements is NOT
sentimental attachment alone true regarding the concept of insurable interest?
How to take legal action against an insurance company Which of the following is NOT information found in a life insurance buyer's guide?
Lower than the typical whole life policy during the first The premium for a Modified whole life policy is?
few years and then higher than typical for the remainder
Nonresident producer A producer who is licensed in Maryland but resident in another state is called a?
Taxable income Justin is receiving disability income benefits from a group policy paid for by his
employer. How are these benefits treated for tax purposes?
Excludes payments for a short-term illness or injury The waiting period for a disability insurance policy
Adjustable Life (Adjustable Life allows the policyowner to A policyowner may change two policy features on what type of life
change two policy features: premium and face amount)
Change of occupation (The change of occupation Which of the following is NOT a required provision in an accident and health
provision is considered an OPTIONAL provision) insurance policy?
Annuity Fixed period settlement options are considered to be a form of a(n)
Automobile Which of these factors is NOT taken into account when determining an applicant's
life insurance needs?
Fare-paying passenger A life insurance policy normally contains a provision that restricts coverage in the
event of death under all of the following situations EXCEPT
Silver Plan According to the Affordable Care Act, what metal tier is required to have an
actuarial value of 70% with covered individuals paying 30% through deductibles,
co-pays, and other cost sharing features?
Insurer The identity of the ____ must be made clear in every health insurance
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Obtain the beneficiary's signature When a producer is replacing an existing ordinary life insurance policy, the
producer must take all of the following actions EXCEPT
Skilled nursing, intermediate, and custodial care Generally speaking, which three levels of care are Long-Term Care policies
provided with?
All premiums paid, plus interest, minus any withdrawals What is the nonforfeiture value of an annuity before annuitization?
and surrender charges
Avoid overpayment of claims (This is achieved by The purpose of the Coordination of Benefits provision in group accident and
identifying primary and secondary insurers) health plans is to
Insurance Licensing Exam
2026 | Practice Questions
& Study Guide
|Graded A+ | Guaranteed
success|
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, Master policy What is the contract called that is issued to an employer for a Group Medical
Insurance Plan?
Insurable interest can be established sufficiently by In regards to a life insurance contract, which of the following statements is NOT
sentimental attachment alone true regarding the concept of insurable interest?
How to take legal action against an insurance company Which of the following is NOT information found in a life insurance buyer's guide?
Lower than the typical whole life policy during the first The premium for a Modified whole life policy is?
few years and then higher than typical for the remainder
Nonresident producer A producer who is licensed in Maryland but resident in another state is called a?
Taxable income Justin is receiving disability income benefits from a group policy paid for by his
employer. How are these benefits treated for tax purposes?
Excludes payments for a short-term illness or injury The waiting period for a disability insurance policy
Adjustable Life (Adjustable Life allows the policyowner to A policyowner may change two policy features on what type of life
change two policy features: premium and face amount)
Change of occupation (The change of occupation Which of the following is NOT a required provision in an accident and health
provision is considered an OPTIONAL provision) insurance policy?
Annuity Fixed period settlement options are considered to be a form of a(n)
Automobile Which of these factors is NOT taken into account when determining an applicant's
life insurance needs?
Fare-paying passenger A life insurance policy normally contains a provision that restricts coverage in the
event of death under all of the following situations EXCEPT
Silver Plan According to the Affordable Care Act, what metal tier is required to have an
actuarial value of 70% with covered individuals paying 30% through deductibles,
co-pays, and other cost sharing features?
Insurer The identity of the ____ must be made clear in every health insurance
advertisement
Obtain the beneficiary's signature When a producer is replacing an existing ordinary life insurance policy, the
producer must take all of the following actions EXCEPT
Skilled nursing, intermediate, and custodial care Generally speaking, which three levels of care are Long-Term Care policies
provided with?
All premiums paid, plus interest, minus any withdrawals What is the nonforfeiture value of an annuity before annuitization?
and surrender charges
Avoid overpayment of claims (This is achieved by The purpose of the Coordination of Benefits provision in group accident and
identifying primary and secondary insurers) health plans is to
