1
Maryland Life and Health Exam
2025/2026 Exam Questions with 100%
Correct Answers | Latest Update
one of the 2 types of resinsurance agreements which allow the resinsurer the
opportunity to reject risks presented to it or to price them higher based on the risk
exposure - 🧠 ANSWER ✔✔facultative
one of the 2 types of insurance agreements which automatically accepts all new
risks presented by the ceding company - 🧠 ANSWER ✔✔treaty
states the principle is responsble for acts of their agents - 🧠 ANSWER ✔✔law of
agency
has the power to issue rules and regulation to help enforce insruance statutes - 🧠
ANSWER ✔✔commissioner
assuming the responsbility for loss - 🧠 ANSWER ✔✔risk retention
submitted on take it or leave it bases, no input or alteration from the insured is
considered - 🧠 ANSWER ✔✔contract of adhesion
1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,2
both parties to a contract must perform certain dutites to make the contract
enforceable - 🧠 ANSWER ✔✔conditional contract
1000 people - 🧠 ANSWER ✔✔mortality rate is based on
a policy summary - 🧠 ANSWER ✔✔a producer must include their name and
address on what?
interminatee premium life - 🧠 ANSWER ✔✔which policy has a current and
guaranteed maximum premium
the policy pays the stated multiple of the face amount should the insured die as a
result of an acciednt - 🧠 ANSWER ✔✔accidental death rider
permanent - 🧠 ANSWER ✔✔Whole life is know as
designed for someone with a large insruance need but with limited cash flow - 🧠
ANSWER ✔✔term life insurance
must be sold by prospectus - 🧠 ANSWER ✔✔Variable whole life
the overall policy performance has something to do with the stock market in
general - 🧠 ANSWER ✔✔Equity Universal, Variable, and Variable Universal all
have which of the following characteristics in common?
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 3
per stripes - 🧠 ANSWER ✔✔The name of the beneficiary designation that will pay
a deceased beneficiary's share to the heirs of that beneficiary who predeceases the
insured is called:
the surrender charge - 🧠 ANSWER ✔✔on a variable universal life policy, what is
the difference between the cash value and the cash surrender values?
monthly - 🧠 ANSWER ✔✔Most expensive premium?
single premium deferred annuity - 🧠 ANSWER ✔✔A lump sum of money is
placed into an account from which the annuitant will draw periodic benefits
beginning more than a year from the date of purchase. This describes a:
must cover 100% of elgible employees - 🧠 ANSWER ✔✔nonconributory gruop
life policy
through FICA taxes that are paid by both emploer and employees - 🧠 ANSWER
✔✔how is the funding for SS provided?
IRC 500(c)(3) - 🧠 ANSWER ✔✔a non profit organization can set up a TSA for
employees under
there is no tax deferral benefit on any earnings - 🧠 ANSWER ✔✔If a corporation
owns an annuity, what is the tax ramification?
3
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
Maryland Life and Health Exam
2025/2026 Exam Questions with 100%
Correct Answers | Latest Update
one of the 2 types of resinsurance agreements which allow the resinsurer the
opportunity to reject risks presented to it or to price them higher based on the risk
exposure - 🧠 ANSWER ✔✔facultative
one of the 2 types of insurance agreements which automatically accepts all new
risks presented by the ceding company - 🧠 ANSWER ✔✔treaty
states the principle is responsble for acts of their agents - 🧠 ANSWER ✔✔law of
agency
has the power to issue rules and regulation to help enforce insruance statutes - 🧠
ANSWER ✔✔commissioner
assuming the responsbility for loss - 🧠 ANSWER ✔✔risk retention
submitted on take it or leave it bases, no input or alteration from the insured is
considered - 🧠 ANSWER ✔✔contract of adhesion
1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,2
both parties to a contract must perform certain dutites to make the contract
enforceable - 🧠 ANSWER ✔✔conditional contract
1000 people - 🧠 ANSWER ✔✔mortality rate is based on
a policy summary - 🧠 ANSWER ✔✔a producer must include their name and
address on what?
interminatee premium life - 🧠 ANSWER ✔✔which policy has a current and
guaranteed maximum premium
the policy pays the stated multiple of the face amount should the insured die as a
result of an acciednt - 🧠 ANSWER ✔✔accidental death rider
permanent - 🧠 ANSWER ✔✔Whole life is know as
designed for someone with a large insruance need but with limited cash flow - 🧠
ANSWER ✔✔term life insurance
must be sold by prospectus - 🧠 ANSWER ✔✔Variable whole life
the overall policy performance has something to do with the stock market in
general - 🧠 ANSWER ✔✔Equity Universal, Variable, and Variable Universal all
have which of the following characteristics in common?
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 3
per stripes - 🧠 ANSWER ✔✔The name of the beneficiary designation that will pay
a deceased beneficiary's share to the heirs of that beneficiary who predeceases the
insured is called:
the surrender charge - 🧠 ANSWER ✔✔on a variable universal life policy, what is
the difference between the cash value and the cash surrender values?
monthly - 🧠 ANSWER ✔✔Most expensive premium?
single premium deferred annuity - 🧠 ANSWER ✔✔A lump sum of money is
placed into an account from which the annuitant will draw periodic benefits
beginning more than a year from the date of purchase. This describes a:
must cover 100% of elgible employees - 🧠 ANSWER ✔✔nonconributory gruop
life policy
through FICA taxes that are paid by both emploer and employees - 🧠 ANSWER
✔✔how is the funding for SS provided?
IRC 500(c)(3) - 🧠 ANSWER ✔✔a non profit organization can set up a TSA for
employees under
there is no tax deferral benefit on any earnings - 🧠 ANSWER ✔✔If a corporation
owns an annuity, what is the tax ramification?
3
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
