MARYLAND STATE EXAM LIFE INSURANCE LICENSE
05/21/2026
PRACTICE QUESTIONS & ANSWERS
Maryland State Exam Life Insurance License Practice Questions &
Answers 2026-2027 Grade A, Exams of Health sciences
After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms?
File written proof of loss
Which of these factors help determine an insured's life insurance premium?
Avocation (hobby)
The Life and Health Guaranty Corporation provides funds to carry out its powers and duties by assessing
Member insurers
A limited payment whole life policy provides
Lifetime protection
The least expensive option to pay off a 30-yea mortgage balance would be?
Decreasing term life
In contrast to a guaranteed renewable policy, a noncancellable policy
May never raise premiums
5/21/2026
1
, MARYLAND STATE EXAM LIFE INSURANCE LICENSE
05/21/2026
PRACTICE QUESTIONS & ANSWERS
What is an insurance policy's grace period?
Period of time after the premium is due but the policy remains in force
The standard grace period for a life insurance policy sold in Maryland is
30 days
Which of the following is NOT a requirement for soliciting insurance in Maryland?
At least 21 years old
Which type of plan would be most appropriate for an individual on Medicare and is concerned that
Medicare will NOT pay for charges exceeding the approved amount?
Medicare supplement Plan F
A securities license is required for a life insurance producer to sell
Variable life insurance
What is the contract called that is issued to an employer for a Group Medical Insurance Plan?
Master policy
5/21/2026
In regards to a life insurance contract, which of the following statements is NOT true regarding the
concept of insurable interest?
Insurable interest can be established sufficiently by sentimental attachment alone
2
, MARYLAND STATE EXAM LIFE INSURANCE LICENSE
05/21/2026
PRACTICE QUESTIONS & ANSWERS
Which of the following is NOT information found in a life insurance buyer's guide?
How to take legal action against an insurance company
The premium for a Modified whole life policy is?
Lower than the typical whole life policy during the first few years and then higher than typical for the
remainder
A producer who is licensed in Maryland but resident in another state is called a?
Nonresident producer
Justin is receiving disability income benefits from a group policy paid for by his employer. How are these
benefits treated for tax purposes?
Taxable income
The waiting period for a disability insurance policy
Excludes payments for a short-term illness or injury
A policyowner may change two policy features on what type of life
Adjustable Life (Adjustable Life allows the policyowner to change two policy features: premium and
face amount)
5/21/2026
3
05/21/2026
PRACTICE QUESTIONS & ANSWERS
Maryland State Exam Life Insurance License Practice Questions &
Answers 2026-2027 Grade A, Exams of Health sciences
After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms?
File written proof of loss
Which of these factors help determine an insured's life insurance premium?
Avocation (hobby)
The Life and Health Guaranty Corporation provides funds to carry out its powers and duties by assessing
Member insurers
A limited payment whole life policy provides
Lifetime protection
The least expensive option to pay off a 30-yea mortgage balance would be?
Decreasing term life
In contrast to a guaranteed renewable policy, a noncancellable policy
May never raise premiums
5/21/2026
1
, MARYLAND STATE EXAM LIFE INSURANCE LICENSE
05/21/2026
PRACTICE QUESTIONS & ANSWERS
What is an insurance policy's grace period?
Period of time after the premium is due but the policy remains in force
The standard grace period for a life insurance policy sold in Maryland is
30 days
Which of the following is NOT a requirement for soliciting insurance in Maryland?
At least 21 years old
Which type of plan would be most appropriate for an individual on Medicare and is concerned that
Medicare will NOT pay for charges exceeding the approved amount?
Medicare supplement Plan F
A securities license is required for a life insurance producer to sell
Variable life insurance
What is the contract called that is issued to an employer for a Group Medical Insurance Plan?
Master policy
5/21/2026
In regards to a life insurance contract, which of the following statements is NOT true regarding the
concept of insurable interest?
Insurable interest can be established sufficiently by sentimental attachment alone
2
, MARYLAND STATE EXAM LIFE INSURANCE LICENSE
05/21/2026
PRACTICE QUESTIONS & ANSWERS
Which of the following is NOT information found in a life insurance buyer's guide?
How to take legal action against an insurance company
The premium for a Modified whole life policy is?
Lower than the typical whole life policy during the first few years and then higher than typical for the
remainder
A producer who is licensed in Maryland but resident in another state is called a?
Nonresident producer
Justin is receiving disability income benefits from a group policy paid for by his employer. How are these
benefits treated for tax purposes?
Taxable income
The waiting period for a disability insurance policy
Excludes payments for a short-term illness or injury
A policyowner may change two policy features on what type of life
Adjustable Life (Adjustable Life allows the policyowner to change two policy features: premium and
face amount)
5/21/2026
3
