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Maryland Insurance Maryland Life Producer Exam (Series 20-27)

Maryland Life Producer Exam (Series 20-27)

Last Update Feb 23, 2026
Total Questions : 90

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Questions 2

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

Options:

A.  

Final expenses

B.  

Unemployment tax liabilities

C.  

Family living expenses

D.  

Death taxes

Discussion 0
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Questions 3

Replacing an existing life insurance policy with a new one may result in:

Options:

A.  

Capital gains taxation

B.  

Small business taxation

C.  

An illegal transaction

D.  

Surrender costs

Discussion 0
Questions 4

An insurance producer's license may be suspended or revoked by:

Options:

A.  

The appointing insurer

B.  

The continuing education course provider

C.  

The Maryland Insurance Administration

D.  

The Attorney General

Discussion 0
Questions 5

A life insurance producer is normally responsible for all of the following EXCEPT:

Options:

A.  

Delivering newly issued policies to applicants

B.  

Notifying the company if a new policy will replace an existing policy

C.  

Approving policies for issue on behalf of the insurer

D.  

Collecting the initial premium from the applicant

Discussion 0

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