Free Maryland Insurance Administration Life-Producer Exam Dumps Questions & Answers

When a wage earner dies, the surviving family members may have all of the following expenses EXCEPT:

• A.Unemployment tax liabilities
• B.Final expenses
• C.Death taxes
• D.Family living expenses

A producer is prohibited from:

• A.Splitting commissions with a licensed nonresident producer who has jointly sold a policy
• B.Allowing an applicant to sign a blank or incomplete application
• C.Selling insurance to family members
• D.Countersigning a policy sold in Maryland

The amount received for a life insurance policy in a viatical settlement is:

• A.Less than the death benefit
• B.Greater than the death benefit
• C.Equal to the death benefit
• D.Equal to the sum of all premiums paid

A life insurance policy beneficiary's life expectancy has a direct bearing upon:

• A.The taxable portion of each benefit payment under a life income settlement option
• B.The premium rate for each $1,000 of face amount
• C.The total amount payable under the policy as a result of the insured's death
• D.The policy value that will be includable in the insured's estate

If a life insurer denies a policy of life insurance, the insurer shall disclose the results of any medicalexamination administered to determine insurability to the:

• A.Beneficiary of the policy
• B.Physician that furnished medical information to the insurer
• C.Company's underwriter
• D.Physician of the applicant's choice upon the request of the applicant