LIFE-PRODUCER TRAINING MATERIALS & LIFE-PRODUCER EXAM GUIDE & LIFE-PRODUCER EXAM RESOURCES

Life-Producer Training Materials & Life-Producer Exam Guide & Life-Producer Exam Resources

Life-Producer Training Materials & Life-Producer Exam Guide & Life-Producer Exam Resources

Blog Article

Tags: Life-Producer Exam Exercise, Latest Life-Producer Exam Preparation, Life-Producer Valid Examcollection, Life-Producer Valid Test Duration, Life-Producer Latest Dumps Files

As you may find on our website, we will never merely display information in our Life-Producer praparation guide. Our team of experts has extensive experience. They will design scientifically and arrange for Life-Producer actual exam that are most suitable for users. In the study plan, we will also create a customized plan for you based on your specific situation. And our professional experts have developed three versions of our Life-Producer Exam Questions for you: the PDF, Software and APP online.

Our Life-Producer study materials have a high quality which is mainly reflected in the pass rate. Our product can promise a higher pass rate than other study materials. 99% people who have used our Life-Producer study materials passed their exam and got their certificate successfully, it is no doubt that it means our Life-Producer Study Materials have a 99% pass rate. So our product will be a very good choice for you. If you are anxious about whether you can pass your exam and get the certificate, we think you need to buy our Life-Producer study materials as your study tool, our product will lend you a good helping hand.

>> Life-Producer Exam Exercise <<

Pass Guaranteed Quiz Life-Producer - Newest Maryland Life Producer Exam (Series 20-27) Exam Exercise

Our Life-Producer practice questions and answers are created according to the requirement of the certification center and the latest exam information. Our Life-Producer real dumps cover the comprehensive knowledge points and latest practice materials that enough to help you Clear Life-Producer Exam tests. You will get our valid Life-Producer dumps torrent and instantly download the exam pdf after payment.

Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions (Q26-Q31):

NEW QUESTION # 26
Which life annuity contract feature provides that benefit payments will continue for a minimum number of years regardless of when the annuitant dies?

  • A. Installment refund
  • B. Cash refund
  • C. Period certain
  • D. Cost recovery

Answer: C

Explanation:
Comprehensive and Detailed Step by Step Explanation:
A "period certain" provision ensures payment for a specified period regardless of whether the annuitant survives:
Period certain (B) guarantees payments for a set number of years, protecting beneficiaries.
Cost recovery (A) and refund options (C and D) relate to refunding premiums or unpaid amounts but do not guarantee a payment period.
References: Maryland Annuity Regulations, Payment Options.


NEW QUESTION # 27
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 total amount payable under the policy as a result of the insured's death
  • C. The policy value that will be includable in the insured's estate
  • D. The premium rate for each $1,000 of face amount

Answer: A

Explanation:
Comprehensive and Detailed Step by Step Explanation:Thetaxable portion of benefit payments under a life income settlement optiondepends on the beneficiary's life expectancy:
* Life expectancy impacts (B)how the payments are taxed, as longer payment durations result in more taxable income over time.
* Thepolicy's inclusion in the estate (A)is unrelated to the beneficiary's life expectancy.
* Thetotal death benefit (C)is fixed and not influenced by the beneficiary's lifespan.
* Premium rates (D)are determined during underwriting, not affected by beneficiary life expectancy.
References: Maryland Life Insurance Taxation Guidelines and IRS Settlement Option Rules.


NEW QUESTION # 28
An employee with $50,000 group life insurance coverage terminates employment and submits an application WITHOUT the initial premium for a $50,000 conversion policy. If the employee dies 15 days later, the insurer would pay:

  • A. $50,000 under the new policy
  • B. $50,000 under the new policy, less the initial premium amount due
  • C. $50,000 under the group plan
  • D. Nothing at all

Answer: C

Explanation:
Comprehensive and Detailed Step by Step Explanation:Group life insurance policies in Maryland typically include a conversion privilege allowing former employees to convert group coverage to an individual policy within a 31-day period after termination, regardless of premium payment status.
* $50,000 under the group plan (A):Correct. During the 31-day conversion period, the original group coverage remains in effect. If the insured dies during this time, the death benefit is paid under the group plan.
* $50,000 under the new policy (B and C):Incorrect, as the conversion policy does not become effective until the first premium is paid.
* Nothing at all (D):Incorrect, as coverage is still active during the conversion period.
References:Maryland Insurance Article §15-403, Group Life Insurance Conversion Privileges, and COMAR
31.09.05.


NEW QUESTION # 29
Splitting the commission with the buyer on a sale of insurance is an unfair trade practice known as:

  • A. Twisting
  • B. Binding
  • C. Rebating
  • D. Soliciting

Answer: C

Explanation:
Comprehensive and Detailed Step by Step Explanation:Rebatingoccurs when an insurance producer offers a portion of their commission, premium reductions, or other inducements to buyers that are not explicitly stated in the policy. It is prohibited under Maryland law to ensure fair competition and maintain ethical standards.
* Rebating (D):Involves returning part of the commission or providing benefits not in the policy to incentivize a sale, violating Maryland Insurance Article §27-212.
* Twisting (A):Refers to persuading a policyholder to lapse or replace a policy through misrepresentation, unrelated to commission-sharing.
* Binding (B):Relates to confirming coverage but does not involve commissions.
* Soliciting (C):Refers to seeking potential clients, not the unfair practice of rebating.
References:Maryland Unfair Trade Practices Act, COMAR 31.15.05, and Maryland Insurance Article §27-
209.


NEW QUESTION # 30
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. Company's underwriter
  • B. Physician that furnished medical information to the insurer
  • C. Beneficiary of the policy
  • D. Physician of the applicant's choice upon the request of the applicant

Answer: D

Explanation:
Comprehensive and Detailed Step by Step Explanation:Maryland law requires that the results of medical examinations used to determine insurability:
* Be disclosed to thephysician of the applicant's choice (B), but only if the applicant requests it.
* This ensures privacy and confidentiality while giving the applicant access to critical information.
* Beneficiaries (A)andunderwriters (C)do not receive this information.
* Physicians furnishing information (D)already have access to their own submissions.
References: Maryland Insurance Code on Privacy and Disclosure of Medical Information.


NEW QUESTION # 31
......

The test software used in our products is a perfect match for Windows' Life-Producer learning material, which enables you to enjoy the best learning style on your computer. Our Life-Producer certification guide also use the latest science and technology to meet the new requirements of authoritative research material network learning. Unlike the traditional way of learning, the great benefit of our Life-Producer learning material is that when the user finishes the exercise, he can get feedback in the fastest time. So, users can flexibly adjust their learning plans according to their learning schedule. We hope that our new design of Maryland Insurance test questions will make the user's learning more interesting and colorful.

Latest Life-Producer Exam Preparation: https://www.pdfdumps.com/Life-Producer-valid-exam.html

A 24/7 customer is available at PDFDumps Latest Life-Producer Exam Preparation to help customers in the right way and solve their problems quickly, We provide customers with the most reliable valid Latest Life-Producer Exam Preparation - Maryland Life Producer Exam (Series 20-27) vce and the most comprehensive service, Maryland Insurance Administration Life-Producer Exam Exercise If you practice these questions seriously, you will pass the exam easily with high score, The PDFDumps has hired a team of experienced and qualified Life-Producer exam trainers.

Touch to reveal the camera settings, So if Life-Producer more people retire later and work longer than in the past, the more self employedthere will be, A 24/7 customer is available Latest Life-Producer Exam Preparation at PDFDumps to help customers in the right way and solve their problems quickly.

PDFDumps's Life-Producer Dumps Questions With 365 Days Free Updates

We provide customers with the most reliable valid Maryland Life Producer Exam (Series 20-27) vce Life-Producer Valid Examcollection and the most comprehensive service, If you practice these questions seriously, you will pass the exam easily with high score.

The PDFDumps has hired a team of experienced and qualified Life-Producer Exam trainers, In other words, what Life-Producer test guide sends you besides a certification Life-Producer Latest Dumps Files but it brings you to the higher position, higher salary even brighter future.

Report this page