Maryland Property & Casualty Study Guide (2018)
Study online at https://quizlet.com/_e4oyvq
1. ***** READ ME I took the MD Exam in June 2018. I was able to pass the state portion of
FIRST!!! ****** July the exam with just these notes. I only missed 2 questions out of the whole
2018 state exam. If you have a good understanding of the general concepts and
you understand these state concepts, you will pass. The exam was very easy
because the questions were made so there is only one logical answer and
the rest of the answers were too stupid to be considered. I way over studied
for my exam. Studied for 2 months. You do not need more than 1 month
to pass. GOOD LUCK!!
2. If you fail your exam, 14 days
you must wait how
many days to retake?
3. Must renew license 2 yrs
every X years?
4. Must have how many 24 hrs of CE and 3 hrs of ethics
hrs of continuing
education and how
many hrs of ethics
before renewal of li-
cense?
5. Who appoints the Govener
Commissioner?
6. Who is the Commis- Al Redmer, Jr.
sioner (2018)?
7. Commissioner must At least every 5 yrs
prepare a report to
Gov'ner X yrs?
, Maryland Property & Casualty Study Guide (2018)
Study online at https://quizlet.com/_e4oyvq
8. Primary job of the -Issue Certificate of Authority for Insurers
Commissioner? -Give license to producers
-Establish rules to carry out the MD Ins Laws
9. T/F Commissioner False - Comm only enforces the law and does not create it. MD legislatures
creates and provides create the laws.
insurance laws to MD
legistatures.
10. Comm must exam- 5yrs at insurer's home office and the U.S. branch office if foreign- NOT State
ine the transactions, branch office
accts, records, and
assets of each in-
surer every X yrs
and WHERE does the
exam take place?
11. Insurer can not can- -Fraud
cel policy midterm EX- -Risk of public safty
CEPT where there is: -non payment
-change in the condition of the risk
12. What are the steps Ins'er must provide 10 days notice for non payment and 45 days notice for
needed to cxl for all other reasons.
non payment of pre-
miums and anything
else besides non pay-
ment?
13. Ins'er must give no- 20%
tice to ins'ed when
premiums are up
what percent?
, Maryland Property & Casualty Study Guide (2018)
Study online at https://quizlet.com/_e4oyvq
14. For PERSONAL auto 2 or fewer accidents in the LAST 3 yrs where the ins'ed was NOT AT FAULT.
ins, ins'er can not take
what into considera-
tion when determin-
ing cxl, renew based
on claim history?
15. For homeowners There were 3 or more weather related claims in the last 3 years. Must give
ins Weather Related 45 days notice.
Claims, ins'er can not
cxl or non renewal
UNLESS?
16. For Commercial Auto, -Must give 45 days notice
other than non pay- -Ins'ed may request reason w/in 30 days
ment what's the pro- -Ins'er must provide answer by 15 days
cedure for cxl / non
renewal?
17. If any policy is cxl Can protest to comm with two signed copies w/in 30 days. If protest, ins'er
/ non renewal what can not stop policy until it's settled.
rights do the ins'ed
have?
18. Give some examples -Alter application
of Unfair Claims Set- -Refusing to pay claim w/out conducting reasonable investigation
tlement Practices. -Failing to acknowledge receipt of claim within 15 days
-Asking ins'ed to use litigation to recover due amount instead of paying
19. Ins'er must send a re- 45 days
newal policy at least X
Study online at https://quizlet.com/_e4oyvq
1. ***** READ ME I took the MD Exam in June 2018. I was able to pass the state portion of
FIRST!!! ****** July the exam with just these notes. I only missed 2 questions out of the whole
2018 state exam. If you have a good understanding of the general concepts and
you understand these state concepts, you will pass. The exam was very easy
because the questions were made so there is only one logical answer and
the rest of the answers were too stupid to be considered. I way over studied
for my exam. Studied for 2 months. You do not need more than 1 month
to pass. GOOD LUCK!!
2. If you fail your exam, 14 days
you must wait how
many days to retake?
3. Must renew license 2 yrs
every X years?
4. Must have how many 24 hrs of CE and 3 hrs of ethics
hrs of continuing
education and how
many hrs of ethics
before renewal of li-
cense?
5. Who appoints the Govener
Commissioner?
6. Who is the Commis- Al Redmer, Jr.
sioner (2018)?
7. Commissioner must At least every 5 yrs
prepare a report to
Gov'ner X yrs?
, Maryland Property & Casualty Study Guide (2018)
Study online at https://quizlet.com/_e4oyvq
8. Primary job of the -Issue Certificate of Authority for Insurers
Commissioner? -Give license to producers
-Establish rules to carry out the MD Ins Laws
9. T/F Commissioner False - Comm only enforces the law and does not create it. MD legislatures
creates and provides create the laws.
insurance laws to MD
legistatures.
10. Comm must exam- 5yrs at insurer's home office and the U.S. branch office if foreign- NOT State
ine the transactions, branch office
accts, records, and
assets of each in-
surer every X yrs
and WHERE does the
exam take place?
11. Insurer can not can- -Fraud
cel policy midterm EX- -Risk of public safty
CEPT where there is: -non payment
-change in the condition of the risk
12. What are the steps Ins'er must provide 10 days notice for non payment and 45 days notice for
needed to cxl for all other reasons.
non payment of pre-
miums and anything
else besides non pay-
ment?
13. Ins'er must give no- 20%
tice to ins'ed when
premiums are up
what percent?
, Maryland Property & Casualty Study Guide (2018)
Study online at https://quizlet.com/_e4oyvq
14. For PERSONAL auto 2 or fewer accidents in the LAST 3 yrs where the ins'ed was NOT AT FAULT.
ins, ins'er can not take
what into considera-
tion when determin-
ing cxl, renew based
on claim history?
15. For homeowners There were 3 or more weather related claims in the last 3 years. Must give
ins Weather Related 45 days notice.
Claims, ins'er can not
cxl or non renewal
UNLESS?
16. For Commercial Auto, -Must give 45 days notice
other than non pay- -Ins'ed may request reason w/in 30 days
ment what's the pro- -Ins'er must provide answer by 15 days
cedure for cxl / non
renewal?
17. If any policy is cxl Can protest to comm with two signed copies w/in 30 days. If protest, ins'er
/ non renewal what can not stop policy until it's settled.
rights do the ins'ed
have?
18. Give some examples -Alter application
of Unfair Claims Set- -Refusing to pay claim w/out conducting reasonable investigation
tlement Practices. -Failing to acknowledge receipt of claim within 15 days
-Asking ins'ed to use litigation to recover due amount instead of paying
19. Ins'er must send a re- 45 days
newal policy at least X
