Maryland Property & Casualty Insurance Practice Questions
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1. A broker requests a hearing with the Commissioner. 30
Within how many days of the request must the hearing
be held?
2. Collision coverage extends to rented passenger vehi- No more than 30 days.
cles that have been rented for
3. Every vehicle insurance policy issued and delivered in Waived by the first named
Maryland must provide coverage for medical, hospital insured.
and disability benefits, unless
4. When an insurer desires to cancel or non-renew a 45 days.
property insurance policy, they must give advance
written notice of
5. What is the maximum amount of a deductible on col- $250
lision coverage for a damage to the insured auto in an
auto insurance policy?
6. An agent just received his Maryland Life\Health in- Complete 24 hours of con-
surance license. His specialty is selling long-term care tinuing education, includ-
policies. In order to satisfy his continuing education ing 2 hours of long-term
requirement, he must do which of the following? care education, and 3
hours of ethics, every two
years.
7. All of the following are true regarding rebates EXCEPT Rebates are allowed if it's
in the best interest of the
client.
8. An insurance producer is required to notify the Com- 30 days.
missioner of any felony convictions within how many
days of the conviction?
, Maryland Property & Casualty Insurance Practice Questions
Study online at https://quizlet.com/_3ixsb3
9. Public adjusters represent Insureds
10. PIP (personal injury protection) provides coverage for Pedestrians struck by the
injury to the named insured, resident relatives and insured vehicle.
11. The Property and Casualty Guaranty Corporation is 30 days after an insurer
obligated to pay the full amount of any claim between has been declared insol-
$100 and $300,000 if the claim occurs within what vent and before the insur-
period of time? ance policy has expired
12. An insurer or producer may NOT knowingly employ an 10 years only.
individual to act in a fiduciary capacity if that individual
has been convicted of a felony or crime of moral turpi-
tude within the past
13. Which of the following is an example of a producer's A producer promptly for-
fiduciary responsibilities? warding premiums to the
insurance company
14. All of the following would be considered an insurance Obtaining an insurance li-
transaction EXCEPT cense.
15. Which of the following would be considered false ad- Implying that the agent is
vertising? the insurer
16. Before a producer can receive authority to place busi- Pay a $500 initiation fee
ness with MAIF, the producer must comply with the
following actions, EXCEPT
17. After a client leaves his office, an agent makes correc- A violation of the Insurance
tions to the client's application, but forgets to tell her. Code.
Two weeks later, the client is in an accident. The insurer
Study online at https://quizlet.com/_3ixsb3
1. A broker requests a hearing with the Commissioner. 30
Within how many days of the request must the hearing
be held?
2. Collision coverage extends to rented passenger vehi- No more than 30 days.
cles that have been rented for
3. Every vehicle insurance policy issued and delivered in Waived by the first named
Maryland must provide coverage for medical, hospital insured.
and disability benefits, unless
4. When an insurer desires to cancel or non-renew a 45 days.
property insurance policy, they must give advance
written notice of
5. What is the maximum amount of a deductible on col- $250
lision coverage for a damage to the insured auto in an
auto insurance policy?
6. An agent just received his Maryland Life\Health in- Complete 24 hours of con-
surance license. His specialty is selling long-term care tinuing education, includ-
policies. In order to satisfy his continuing education ing 2 hours of long-term
requirement, he must do which of the following? care education, and 3
hours of ethics, every two
years.
7. All of the following are true regarding rebates EXCEPT Rebates are allowed if it's
in the best interest of the
client.
8. An insurance producer is required to notify the Com- 30 days.
missioner of any felony convictions within how many
days of the conviction?
, Maryland Property & Casualty Insurance Practice Questions
Study online at https://quizlet.com/_3ixsb3
9. Public adjusters represent Insureds
10. PIP (personal injury protection) provides coverage for Pedestrians struck by the
injury to the named insured, resident relatives and insured vehicle.
11. The Property and Casualty Guaranty Corporation is 30 days after an insurer
obligated to pay the full amount of any claim between has been declared insol-
$100 and $300,000 if the claim occurs within what vent and before the insur-
period of time? ance policy has expired
12. An insurer or producer may NOT knowingly employ an 10 years only.
individual to act in a fiduciary capacity if that individual
has been convicted of a felony or crime of moral turpi-
tude within the past
13. Which of the following is an example of a producer's A producer promptly for-
fiduciary responsibilities? warding premiums to the
insurance company
14. All of the following would be considered an insurance Obtaining an insurance li-
transaction EXCEPT cense.
15. Which of the following would be considered false ad- Implying that the agent is
vertising? the insurer
16. Before a producer can receive authority to place busi- Pay a $500 initiation fee
ness with MAIF, the producer must comply with the
following actions, EXCEPT
17. After a client leaves his office, an agent makes correc- A violation of the Insurance
tions to the client's application, but forgets to tell her. Code.
Two weeks later, the client is in an accident. The insurer
