2
Maryland Property & Casualty Insurance
Practice Questions and Correct Verified
Answers 2024-2025. Graded A
A broker requests a hearing with the Commissioner. Within how many days of the
request must the hearing be held? - ANS30
A business entity must meet all of the following qualifications EXCEPT - ANSHave a
board of directors.
A manufacturing company had five of its employees claim lung disease from a
compound used in the manufacture of their products. Each employee sued the
company for $200,000. What is the maximum the Employers Liability policy will
pay for all claims? - ANS$500,000
A repair facility used after-market parts in the repair of a customer's automobile,
and did not notify the
customer of this. Which of the following is true? - ANSThe repair facility has
engaged in an unfair trade practice.
A repair facility used after-market parts in the repair of a customer's automobile,
and did not notify the customer of this. Which of the following is true? - ANSThe
repair facility has engaged in an unfair trade practice.
, 2
After a client leaves his office, an agent makes corrections to the client's
application, but forgets to tell her. Two weeks later, the client is in an accident. The
insurer will be settling the claim based on the corrected form. This is - ANSA
violation of the Insurance Code.
All of the following are EXCLUDED by PIP coverage EXCEPT - ANSThe insured is
injured after being rear ended while sitting at a red light.
All of the following are true of the insurers' obligations to the insured regarding
renewal premium EXCEPT - ANSThe insurer must provide notice of renewal
premium due at least 10 days prior to the due date.
All of the following are true regarding rebates EXCEPT - ANSRebates are allowed if
it's in the best interest of the client.
All of the following would be considered an insurance transaction EXCEPT -
ANSObtaining an insurance license.
An agent just received his Maryland Life\Health insurance license. His specialty is
selling long-term care policies. In order to satisfy his continuing education
requirement, he must do which of the following? - ANSComplete 24 hours of
continuing education, including 2 hours of long-term care education, and 3 hours
of ethics, every two years.
An applicant for an insurance license has failed his written examination. How
many days must he wait before
Maryland Property & Casualty Insurance
Practice Questions and Correct Verified
Answers 2024-2025. Graded A
A broker requests a hearing with the Commissioner. Within how many days of the
request must the hearing be held? - ANS30
A business entity must meet all of the following qualifications EXCEPT - ANSHave a
board of directors.
A manufacturing company had five of its employees claim lung disease from a
compound used in the manufacture of their products. Each employee sued the
company for $200,000. What is the maximum the Employers Liability policy will
pay for all claims? - ANS$500,000
A repair facility used after-market parts in the repair of a customer's automobile,
and did not notify the
customer of this. Which of the following is true? - ANSThe repair facility has
engaged in an unfair trade practice.
A repair facility used after-market parts in the repair of a customer's automobile,
and did not notify the customer of this. Which of the following is true? - ANSThe
repair facility has engaged in an unfair trade practice.
, 2
After a client leaves his office, an agent makes corrections to the client's
application, but forgets to tell her. Two weeks later, the client is in an accident. The
insurer will be settling the claim based on the corrected form. This is - ANSA
violation of the Insurance Code.
All of the following are EXCLUDED by PIP coverage EXCEPT - ANSThe insured is
injured after being rear ended while sitting at a red light.
All of the following are true of the insurers' obligations to the insured regarding
renewal premium EXCEPT - ANSThe insurer must provide notice of renewal
premium due at least 10 days prior to the due date.
All of the following are true regarding rebates EXCEPT - ANSRebates are allowed if
it's in the best interest of the client.
All of the following would be considered an insurance transaction EXCEPT -
ANSObtaining an insurance license.
An agent just received his Maryland Life\Health insurance license. His specialty is
selling long-term care policies. In order to satisfy his continuing education
requirement, he must do which of the following? - ANSComplete 24 hours of
continuing education, including 2 hours of long-term care education, and 3 hours
of ethics, every two years.
An applicant for an insurance license has failed his written examination. How
many days must he wait before
