Higher Test Marks with Free Online Life-and-Accident-Health-Sickness-Producer Exam Practice

Assess the CertsIQ’s updated Life-and-Accident-Health-Sickness-Producer exam questions for free online practice of your Life and Accident and Health or Sickness Producer - Combo (2030) test. Our 2030 dumps questions will enhance your chances of passing the Maryland Insurance Administration Certifications certification exam with higher marks.

Question 1

When a life insurance or annuity replacement policy is sold, the policyowner has a right to return the policy for a full refund of premium within

Options :

A : 3 days.

B : 7 days.

C : 14 days.

D : 20 days.

Answer: D

Question 2

Which of the following is NOT a right of the life insurance policyowner?

Options :

A : Assign or transfer the policy.

B : Borrow from the cash values.

C : Select and change a beneficiary.

D : Revoke an absolute assignment.

Answer: D

Question 3

An insurance producer whose license has been revoked continues to provide insurance services. Which of the following is TRUE?

Options :

A : This violation can result in a fine of up to $10,000.

B : This violation is a felony and can result in a fine of up to $5,000.

C : This violation is a misdemeanor and can result in a fine of up to $500.

D : This individual could be committed to the custody of the Department of Corrections for up to 10 years.

Answer: B

Question 4

The Oklahoma Insurance Commissioner may place on probation, censure, suspend, revoke, or refuse to issue a license to an applicant for all of the following causes EXCEPT

Options :

A : having admitted to have committed fraud.

B : providing incorrect, misleading, or materially untrue information in the license application.

C : having been convicted of a misdemeanor.

D : failing to pay state taxes.

Answer: C

Question 5

Which of the following BEST describes a waiver of premium clause in a typical disability policy?

Options :

A : The waiver of premium benefit pays the policy premium during a disability claim.

B : This clause eliminates any premium being paid for the lifetime of the insured individual.

C : The monthly benefit under the policy is reduced to offset the premium that is no longer being paid.

D : This clause generally begins immediately with the doctor stating that the insured person is completely disabled.

Answer: A