7/4/25, 1:46 PM Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SOLU…
Maryland life and health general exam simulator
EXAM (2025) QUESTIONS AND (DETAILED
ANSWERS) WITH COMPLETE SOLUTION
If a disability income policy at least once per year from when benefits begin
contains a cost- of-living
adjustment rider, benefits
must
typically be increased
Which of these statements the premium to purchase the coverage comes from the policy's
regarding the extended cash value
term insurance
nonforfeiture option in a
life policy is accurate?
Which of the following is not an increased pension liability if the key employee dies
a reason for a business to
buy key person life
insurance?
Qualified long-term care ...
premiums are treated for
tax purposes as
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
… 1/41
,7/4/25, 1:46 PM Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SOLU…
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?
An agent gives a conditional When the conditions of the receipt are met.(A conditional receipt
receipt to a client for an indicates that
certain conditions must be met in order for the insurance
insurance policy after
coverage to go into effect)
collecting the initial premium.
When will the
policy become effective?
Short-term group disability a percentage of weekly earnings up to a stated maximum
income benefits are
Medicare supplement Yearly Physical Examinations
insurance that provides
a preventative medical
care benefit will often
cover
Typically, states will permit trust
the grouping of two or more
small employers in the
same industry for
obtaining group health
insurance at a favorable rate.
This grouping of employers
is known as a multiple
employer
What effect can a long-term reduced death benefit
care benefit rider have on a
life insurance policy?
Which of these plans allow a Point-of-service
participant to choose either
a network or non-network
provider at the time when
medical care is needed?
… 2/41
,7/4/25, 1:46 PM Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SOLU…
A life insurance policy's relieve the insured of premium payments following an
waiver of premium rider has initial waiting period after the insured becomes totally
the ability to disabled
The Coordination of Benefits avoid overinsurnance
provision is added to a
group health plan in order to
Third-party administration self-funding of benefits
has become fairly
common in accident
and health
insurance due to the growth of
Which of the following suicide
incidents would NOT be
covered by an Accident
Death and
Dismemberment policy?
What is considered the reserves
accounting
measurement of an
insurance company's
future obligations to its
policyowners?
… 3/41
, 7/4/25, 1:46 PM Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SOLU…
When does the insured At the time of death or 30 years after the policy's inception,
stop making payments whichever comes first
under a thirty-payment
whole life policy?
The powers directly given to express
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?
Sarah, age 88, is a life not distributed to life annuitants who died before life expectancy
annuitant who has lived
beyond her life expectancy.
The funds for additional
benefit payments will be
derived primarily from
funds that were
Under HIPAA requirements, there is a break in coverage of more than 63 days
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
… 4/41
Maryland life and health general exam simulator
EXAM (2025) QUESTIONS AND (DETAILED
ANSWERS) WITH COMPLETE SOLUTION
If a disability income policy at least once per year from when benefits begin
contains a cost- of-living
adjustment rider, benefits
must
typically be increased
Which of these statements the premium to purchase the coverage comes from the policy's
regarding the extended cash value
term insurance
nonforfeiture option in a
life policy is accurate?
Which of the following is not an increased pension liability if the key employee dies
a reason for a business to
buy key person life
insurance?
Qualified long-term care ...
premiums are treated for
tax purposes as
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
… 1/41
,7/4/25, 1:46 PM Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SOLU…
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?
An agent gives a conditional When the conditions of the receipt are met.(A conditional receipt
receipt to a client for an indicates that
certain conditions must be met in order for the insurance
insurance policy after
coverage to go into effect)
collecting the initial premium.
When will the
policy become effective?
Short-term group disability a percentage of weekly earnings up to a stated maximum
income benefits are
Medicare supplement Yearly Physical Examinations
insurance that provides
a preventative medical
care benefit will often
cover
Typically, states will permit trust
the grouping of two or more
small employers in the
same industry for
obtaining group health
insurance at a favorable rate.
This grouping of employers
is known as a multiple
employer
What effect can a long-term reduced death benefit
care benefit rider have on a
life insurance policy?
Which of these plans allow a Point-of-service
participant to choose either
a network or non-network
provider at the time when
medical care is needed?
… 2/41
,7/4/25, 1:46 PM Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SOLU…
A life insurance policy's relieve the insured of premium payments following an
waiver of premium rider has initial waiting period after the insured becomes totally
the ability to disabled
The Coordination of Benefits avoid overinsurnance
provision is added to a
group health plan in order to
Third-party administration self-funding of benefits
has become fairly
common in accident
and health
insurance due to the growth of
Which of the following suicide
incidents would NOT be
covered by an Accident
Death and
Dismemberment policy?
What is considered the reserves
accounting
measurement of an
insurance company's
future obligations to its
policyowners?
… 3/41
, 7/4/25, 1:46 PM Maryland life and health general exam simulator EXAM (2025) QUESTIONS AND (DETAILED ANSWERS) WITH COMPLETE SOLU…
When does the insured At the time of death or 30 years after the policy's inception,
stop making payments whichever comes first
under a thirty-payment
whole life policy?
The powers directly given to express
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?
Sarah, age 88, is a life not distributed to life annuitants who died before life expectancy
annuitant who has lived
beyond her life expectancy.
The funds for additional
benefit payments will be
derived primarily from
funds that were
Under HIPAA requirements, there is a break in coverage of more than 63 days
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
… 4/41
