Maryland Laws and Rules Exam
2024/2025 Exam Questions and
Corresponding Answers with Surety of
100% Pass Mark
A producer who is licensed in Maryland but resident in another state is
called a
1. nonresident producer
2. foreign producer
3. reciprocal producer
4. limited lines producer - 🧠ANSWER ✔✔1
John the insurance producer has an insurance license that expires in 6
months. If he files an application for renewal before the expiration date, his
license will
1
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,1. remain in effect until a new one is issued
2. be automatically renewed regardless of any violations
3.be renewed upon determination of legal compliance within a 60-day
period following the license expiration date
4.renew without the normal requirements - 🧠ANSWER ✔✔1
What may be the result of replacing an existing life insurance policy with a
new one?
1.Fine
2.Penalty tax
3.Capital gains tax
4. Surrender charge - 🧠ANSWER ✔✔4
Which of the following basics is a producer's fiduciary responsibility?
1. Collecting premiums and paying them to the insurance company
2
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, 2. Maintaining a separate bank account for each insurance company the
producer represents
3. Acting as a referee in the event of a disagreement between an insured
and the insurance company
4. Advising prospective insureds of the lowest rates available - 🧠ANSWER
✔✔1.
Which of the following is NOT an eligible dependent on an Accident and
Health policy?
1. 27 year old married child
2. 25 yr old married child
3. 19 year old full time student
4. unmarried disabled child - 🧠ANSWER ✔✔1
The act of using misrepresentation to induce an insured person to
terminate an existing policy and purchase a new policy is referred to as
3
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
2024/2025 Exam Questions and
Corresponding Answers with Surety of
100% Pass Mark
A producer who is licensed in Maryland but resident in another state is
called a
1. nonresident producer
2. foreign producer
3. reciprocal producer
4. limited lines producer - 🧠ANSWER ✔✔1
John the insurance producer has an insurance license that expires in 6
months. If he files an application for renewal before the expiration date, his
license will
1
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,1. remain in effect until a new one is issued
2. be automatically renewed regardless of any violations
3.be renewed upon determination of legal compliance within a 60-day
period following the license expiration date
4.renew without the normal requirements - 🧠ANSWER ✔✔1
What may be the result of replacing an existing life insurance policy with a
new one?
1.Fine
2.Penalty tax
3.Capital gains tax
4. Surrender charge - 🧠ANSWER ✔✔4
Which of the following basics is a producer's fiduciary responsibility?
1. Collecting premiums and paying them to the insurance company
2
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, 2. Maintaining a separate bank account for each insurance company the
producer represents
3. Acting as a referee in the event of a disagreement between an insured
and the insurance company
4. Advising prospective insureds of the lowest rates available - 🧠ANSWER
✔✔1.
Which of the following is NOT an eligible dependent on an Accident and
Health policy?
1. 27 year old married child
2. 25 yr old married child
3. 19 year old full time student
4. unmarried disabled child - 🧠ANSWER ✔✔1
The act of using misrepresentation to induce an insured person to
terminate an existing policy and purchase a new policy is referred to as
3
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
