19/06/2025, 08:45 Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SO…
Maryland life and health general exam simulator
EXAM (2025) QUESTIONS AND (DETAILED
ANSWERS) WITH COMPLETE SOLUTIONS
Save
Terms in this set (284)
If a disability income at least once per year from when benefits begin
policy contains a cost-of-
living adjustment rider,
benefits must typically be
increased
Which of these statements the premium to purchase the coverage comes from
regarding the extended the policy's cash value
term insurance
nonforfeiture option in a
life policy is accurate?
Which of the following is an increased pension liability if the key employee dies
not a reason for a business
to buy key person life
insurance?
Qualified long-term care ...
premiums are treated for
tax purposes as
https://quizlet.com/1055525048/maryland-life-and-health-general-exam-simulator-exam-2025-questions-and-detailed-answers-with-complete-solution… 1/43
,19/06/2025, 08:45 Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SO…
Individuals covered with disability income
employer-paid group
health plans will normally
receive tax-free benefits
under all of these plans
EXCEPT
A life insurance policy's person who receives the death benefits if the primary
contingent beneficiary is beneficiary dies before the insured
the
Ken is age 65 and has 2 It is available through application to Social Security
years until he receives
Social Security retirement
benefits. At his current
age, which is true about
Medicare Part A Hospital
Insurance coverage?
When does the insured At the time of death or 30 years after the policy's
stop making payments inception, whichever comes first
under a thirty-payment
whole life policy?
The powers directly given express
to a producer in an
agency contract are
called
Which of the following marriage partners
relationships demonstrates
insurable interest in the
absence of economic
interest?
An accident and health Consideration clause
insurance policy's
premium requirements are
set forth in which of the
following provisions?
https://quizlet.com/1055525048/maryland-life-and-health-general-exam-simulator-exam-2025-questions-and-detailed-answers-with-complete-solution… 2/43
,19/06/2025, 08:45 Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SO…
Sarah, age 88, is a life not distributed to life annuitants who died before life
annuitant who has lived expectancy
beyond her life
expectancy. The funds for
additional benefit
payments will be derived
primarily from funds that
were
Under HIPAA there is a break in coverage of more than 63 days
requirements, eligibility for
the pre-existing
conditions exclusion
waiver under new
coverage is lost if
The health insurance 100% tax deductible
premiums paid for by each
partner in a partnership is
considered to be
An annuity which starts immediate annuity
paying monthly benefits
within a month after
issuance is called a(n)
Which of the following 100% of medical expense plan premiums are tax
best describes the tax deductible
treatment of medical
expense policies for the
self-employed?
What is the insurer responsible for acts by the producer that are authority
responsible for when a only
producer is acting within
the scope of authority
granted in the agency
contract?
https://quizlet.com/1055525048/maryland-life-and-health-general-exam-simulator-exam-2025-questions-and-detailed-answers-with-complete-solution… 3/43
, 19/06/2025, 08:45 Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SO…
What does a fixed life savings depletion due to longevity
annuity offer protect
against?
Which of the following captive insurer
types of insurers limits the
exposures it writes to
those of its owners?
An agent whose actions not backed by the insurer
exceed the authority
granted by contract is
Use of XYZ Insurance apparent authority
Company brochures,
business cards, and rating
guides is an example of
What kind of arrangement Revocable designation
gives the policyowner the
right to change the
beneficiary?
Which of these inpatient surgery
procedures is NOT
designed for ambulatory
care centers?
What is the guaranteed less than the policy's face amount
cash value of a whole life
insurance policy when the
insured turns 65 years
old?
https://quizlet.com/1055525048/maryland-life-and-health-general-exam-simulator-exam-2025-questions-and-detailed-answers-with-complete-solution… 4/43
Maryland life and health general exam simulator
EXAM (2025) QUESTIONS AND (DETAILED
ANSWERS) WITH COMPLETE SOLUTIONS
Save
Terms in this set (284)
If a disability income at least once per year from when benefits begin
policy contains a cost-of-
living adjustment rider,
benefits must typically be
increased
Which of these statements the premium to purchase the coverage comes from
regarding the extended the policy's cash value
term insurance
nonforfeiture option in a
life policy is accurate?
Which of the following is an increased pension liability if the key employee dies
not a reason for a business
to buy key person life
insurance?
Qualified long-term care ...
premiums are treated for
tax purposes as
https://quizlet.com/1055525048/maryland-life-and-health-general-exam-simulator-exam-2025-questions-and-detailed-answers-with-complete-solution… 1/43
,19/06/2025, 08:45 Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SO…
Individuals covered with disability income
employer-paid group
health plans will normally
receive tax-free benefits
under all of these plans
EXCEPT
A life insurance policy's person who receives the death benefits if the primary
contingent beneficiary is beneficiary dies before the insured
the
Ken is age 65 and has 2 It is available through application to Social Security
years until he receives
Social Security retirement
benefits. At his current
age, which is true about
Medicare Part A Hospital
Insurance coverage?
When does the insured At the time of death or 30 years after the policy's
stop making payments inception, whichever comes first
under a thirty-payment
whole life policy?
The powers directly given express
to a producer in an
agency contract are
called
Which of the following marriage partners
relationships demonstrates
insurable interest in the
absence of economic
interest?
An accident and health Consideration clause
insurance policy's
premium requirements are
set forth in which of the
following provisions?
https://quizlet.com/1055525048/maryland-life-and-health-general-exam-simulator-exam-2025-questions-and-detailed-answers-with-complete-solution… 2/43
,19/06/2025, 08:45 Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SO…
Sarah, age 88, is a life not distributed to life annuitants who died before life
annuitant who has lived expectancy
beyond her life
expectancy. The funds for
additional benefit
payments will be derived
primarily from funds that
were
Under HIPAA there is a break in coverage of more than 63 days
requirements, eligibility for
the pre-existing
conditions exclusion
waiver under new
coverage is lost if
The health insurance 100% tax deductible
premiums paid for by each
partner in a partnership is
considered to be
An annuity which starts immediate annuity
paying monthly benefits
within a month after
issuance is called a(n)
Which of the following 100% of medical expense plan premiums are tax
best describes the tax deductible
treatment of medical
expense policies for the
self-employed?
What is the insurer responsible for acts by the producer that are authority
responsible for when a only
producer is acting within
the scope of authority
granted in the agency
contract?
https://quizlet.com/1055525048/maryland-life-and-health-general-exam-simulator-exam-2025-questions-and-detailed-answers-with-complete-solution… 3/43
, 19/06/2025, 08:45 Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SO…
What does a fixed life savings depletion due to longevity
annuity offer protect
against?
Which of the following captive insurer
types of insurers limits the
exposures it writes to
those of its owners?
An agent whose actions not backed by the insurer
exceed the authority
granted by contract is
Use of XYZ Insurance apparent authority
Company brochures,
business cards, and rating
guides is an example of
What kind of arrangement Revocable designation
gives the policyowner the
right to change the
beneficiary?
Which of these inpatient surgery
procedures is NOT
designed for ambulatory
care centers?
What is the guaranteed less than the policy's face amount
cash value of a whole life
insurance policy when the
insured turns 65 years
old?
https://quizlet.com/1055525048/maryland-life-and-health-general-exam-simulator-exam-2025-questions-and-detailed-answers-with-complete-solution… 4/43
