8 - Maryland Laws and Rules Pertinent
to Insurance Test Questions Answered
Correct.
An employer MUST have how many employees for a terminated employee to be eligible for
COBRA? - Answer 20
The act of using misrepresentation to induce an insured person to terminate an existing policy
and purchase a new policy is referred to as - Answer Twisting
Which of the following basics is a producer's fiduciary responsibility? - Answer Collecting
premiums and paying them to the insurance company
A producer who is licensed in Maryland but resident in another state is called a - Answer
nonresident producer
If a producer has been engaged in an administrative action by any governmental agency, within
how many days following the final deposition must the producer report the action to the
Commissioner? - Answer 30
A Maryland insurance producer solicits a life insurance policy. In the event of a controversy
between the insured and the company, the producer is considered to represent the - Answer
company
When a producer is replacing an existing ordinary life insurance policy, the producer must take
all of the following actions EXCEPT - Answer obtain the beneficiary's signature on a summary
of all policies to be replaced
The Commissioner can deny or refuse a license for an insurance producer if the applicant has
done any of the following EXCEPT - Answer unintentionally misrepresented a material fact in
an application
An order from the Commissioner MUST include all of the following EXCEPT - Answer the
signature of the Governor
to Insurance Test Questions Answered
Correct.
An employer MUST have how many employees for a terminated employee to be eligible for
COBRA? - Answer 20
The act of using misrepresentation to induce an insured person to terminate an existing policy
and purchase a new policy is referred to as - Answer Twisting
Which of the following basics is a producer's fiduciary responsibility? - Answer Collecting
premiums and paying them to the insurance company
A producer who is licensed in Maryland but resident in another state is called a - Answer
nonresident producer
If a producer has been engaged in an administrative action by any governmental agency, within
how many days following the final deposition must the producer report the action to the
Commissioner? - Answer 30
A Maryland insurance producer solicits a life insurance policy. In the event of a controversy
between the insured and the company, the producer is considered to represent the - Answer
company
When a producer is replacing an existing ordinary life insurance policy, the producer must take
all of the following actions EXCEPT - Answer obtain the beneficiary's signature on a summary
of all policies to be replaced
The Commissioner can deny or refuse a license for an insurance producer if the applicant has
done any of the following EXCEPT - Answer unintentionally misrepresented a material fact in
an application
An order from the Commissioner MUST include all of the following EXCEPT - Answer the
signature of the Governor
