Maryland state exam life insurance
license practice Questions and Answers
Declarations - ANS-In what part of an insurance policy or policy benefits found?
Twisting - ANS-The act of using misrepresentation to induce an insured person to
terminate an existing policy and purchase a new policy is referred to as
Shirley has $500,000 10-year-old son nonrenewable level term life policy. If she dies 15
years after the policy inception date, how will her beneficiary receive? - ANS-Nothing
Which of these factors would and ensure consider when determining whether to except
a group life plan - ANS-Average age
Which type of life insurance is normally associated with a paler benefit rider - ANS-
Juvenile insurance
Which of the following is not considered advertising? - ANS-Oh rating from A rating
service company such as a.m. best
During the accumulation. Who can surrender an annuity - ANS-Policy owner
Fixed period Settlement options are considered to be a form of a - ANS-Annuity
Which of the following is not information found in a life insurance buyers guide - ANS-
How to take legal action against a insurance company
All of the following characteristics of a group life insurance plan except - ANS-Individual
underwriting
A securities license is required for a life insurance producer to sell - ANS-Variable life
insurance
Which of the following is present when an applicant stands to lose value if the insured
dies - ANS-Insurable interest
What may be the result of replacing an existing life insurance policy with a new one -
ANS-Surrender charge
Signatures for an insurance application must be obtained by the producer from all the
following sources except - ANS-The policy owner
license practice Questions and Answers
Declarations - ANS-In what part of an insurance policy or policy benefits found?
Twisting - ANS-The act of using misrepresentation to induce an insured person to
terminate an existing policy and purchase a new policy is referred to as
Shirley has $500,000 10-year-old son nonrenewable level term life policy. If she dies 15
years after the policy inception date, how will her beneficiary receive? - ANS-Nothing
Which of these factors would and ensure consider when determining whether to except
a group life plan - ANS-Average age
Which type of life insurance is normally associated with a paler benefit rider - ANS-
Juvenile insurance
Which of the following is not considered advertising? - ANS-Oh rating from A rating
service company such as a.m. best
During the accumulation. Who can surrender an annuity - ANS-Policy owner
Fixed period Settlement options are considered to be a form of a - ANS-Annuity
Which of the following is not information found in a life insurance buyers guide - ANS-
How to take legal action against a insurance company
All of the following characteristics of a group life insurance plan except - ANS-Individual
underwriting
A securities license is required for a life insurance producer to sell - ANS-Variable life
insurance
Which of the following is present when an applicant stands to lose value if the insured
dies - ANS-Insurable interest
What may be the result of replacing an existing life insurance policy with a new one -
ANS-Surrender charge
Signatures for an insurance application must be obtained by the producer from all the
following sources except - ANS-The policy owner
