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Exam Code: Life-Producer
Exam Name: Maryland Life Producer Exam (Series 20-27)
Updated: Sep 16, 2026
Q & A: 85 Questions and Answers
Life-Producer Free Demo download
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| Section | Weight | Objectives |
|---|---|---|
| Annuities and Retirement Products | 15% | - Types and features
|
| General Insurance Concepts | 15% | - Fundamental principles
|
| Life Insurance Policies | 25% | - Policy types and provisions
|
| Federal and State Tax Considerations | 10% | - Tax treatment of policies and benefits
|
| Insurance Regulation | 15% | - State insurance laws and administration
|
| Life Insurance Underwriting and Premiums | 15% | - Risk assessment and pricing
|
Which contract offers flexible deposits, deferred taxation, a guaranteed minimum interest rate, and death proceeds equal to the cash value?
Correct Answer: A 🗳️
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A licensee must report each of the following to the Maryland Insurance Administration EXCEPT:
Correct Answer: D 🗳️
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What does the annuitant usually receive during the liquidation phase of an annuity?
Correct Answer: C 🗳️
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All of the following are common underwriting factors used by life insurance companies EXCEPT:
Correct Answer: A 🗳️
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Publishing a derogatory article about the financial condition of an insurer that is false and calculated to injure the insurer is an example of:
Correct Answer: A 🗳️
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