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MARYLAND LIFE AND HEALTH INSURANCE
LICENSING ACTUAL EXAM PREP 2026 ALL
QUESTIONS AND CORRECT DETAILED
ANSWERS ALREADY A GRADED WITH EXPERT
FEEDBACK
Which of the following is NOT a requirement for soliciting insurance in
Maryland? - ANSWER- At least 21 years old
Which type of plan would be most appropriate for an individual on
Medicare and is concerned that Medicare will NOT pay for charges
exceeding the approved amount? - ANSWER- Medicare supplement
Plan F
A securities license is required for a life insurance producer to sell -
ANSWER- Variable life insurance
What is the contract called that is issued to an employer for a Group
Medical Insurance Plan? - ANSWER- Master policy
In regards to a life insurance contract, which of the following statements
is NOT true regarding the concept of insurable interest? - ANSWER-
Insurable interest can be established sufficiently by sentimental
attachment alone
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Which of the following is NOT information found in a life insurance
buyer's guide? - ANSWER- How to take legal action against an
insurance company
The premium for a Modified whole life policy is? - ANSWER- Lower
than the typical whole life policy during the first few years and then
higher than typical for the remainder
A producer who is licensed in Maryland but resident in another state is
called a? - ANSWER- Nonresident producer
Justin is receiving disability income benefits from a group policy paid
for by his employer. How are these benefits treated for tax purposes? -
ANSWER- Taxable income
The waiting period for a disability insurance policy - ANSWER-
Excludes payments for a short-term illness or injury
A policyowner may change two policy features on what type of life -
ANSWER- Adjustable Life (Adjustable Life allows the policyowner to
change two policy features: premium and face amount)
Which of the following is NOT a required provision in an accident and
health insurance policy? - ANSWER- Change of occupation (The
change of occupation provision is considered an OPTIONAL provision)
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Fixed period settlement options are considered to be a form of a(n) -
ANSWER- Annuity
Which of these factors is NOT taken into account when determining an
applicant's life insurance needs? - ANSWER- Automobile
A life insurance policy normally contains a provision that restricts
coverage in the event of death under all of the following situations
EXCEPT - ANSWER- Fare-paying passenger
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? -
ANSWER- Silver Plan
The identity of the ____ must be made clear in every health insurance
advertisement - ANSWER- Insurer
When a producer is replacing an existing ordinary life insurance policy,
the producer must take all of the following actions EXCEPT -
ANSWER- Obtain the beneficiary's signature
Generally speaking, which three levels of care are Long-Term Care
policies provided with? - ANSWER- Skilled nursing, intermediate, and
custodial care
MARYLAND LIFE AND HEALTH INSURANCE
LICENSING ACTUAL EXAM PREP 2026 ALL
QUESTIONS AND CORRECT DETAILED
ANSWERS ALREADY A GRADED WITH EXPERT
FEEDBACK
Which of the following is NOT a requirement for soliciting insurance in
Maryland? - ANSWER- At least 21 years old
Which type of plan would be most appropriate for an individual on
Medicare and is concerned that Medicare will NOT pay for charges
exceeding the approved amount? - ANSWER- Medicare supplement
Plan F
A securities license is required for a life insurance producer to sell -
ANSWER- Variable life insurance
What is the contract called that is issued to an employer for a Group
Medical Insurance Plan? - ANSWER- Master policy
In regards to a life insurance contract, which of the following statements
is NOT true regarding the concept of insurable interest? - ANSWER-
Insurable interest can be established sufficiently by sentimental
attachment alone
,2|Page
Which of the following is NOT information found in a life insurance
buyer's guide? - ANSWER- How to take legal action against an
insurance company
The premium for a Modified whole life policy is? - ANSWER- Lower
than the typical whole life policy during the first few years and then
higher than typical for the remainder
A producer who is licensed in Maryland but resident in another state is
called a? - ANSWER- Nonresident producer
Justin is receiving disability income benefits from a group policy paid
for by his employer. How are these benefits treated for tax purposes? -
ANSWER- Taxable income
The waiting period for a disability insurance policy - ANSWER-
Excludes payments for a short-term illness or injury
A policyowner may change two policy features on what type of life -
ANSWER- Adjustable Life (Adjustable Life allows the policyowner to
change two policy features: premium and face amount)
Which of the following is NOT a required provision in an accident and
health insurance policy? - ANSWER- Change of occupation (The
change of occupation provision is considered an OPTIONAL provision)
, 3|Page
Fixed period settlement options are considered to be a form of a(n) -
ANSWER- Annuity
Which of these factors is NOT taken into account when determining an
applicant's life insurance needs? - ANSWER- Automobile
A life insurance policy normally contains a provision that restricts
coverage in the event of death under all of the following situations
EXCEPT - ANSWER- Fare-paying passenger
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? -
ANSWER- Silver Plan
The identity of the ____ must be made clear in every health insurance
advertisement - ANSWER- Insurer
When a producer is replacing an existing ordinary life insurance policy,
the producer must take all of the following actions EXCEPT -
ANSWER- Obtain the beneficiary's signature
Generally speaking, which three levels of care are Long-Term Care
policies provided with? - ANSWER- Skilled nursing, intermediate, and
custodial care
