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| Section | Objectives |
|---|---|
| Policy Provisions and Riders | - Common riders
|
| Life Insurance Products | - Annuities
|
| State Regulation (Maryland Insurance Law) | - Producer licensing requirements
|
| Insurance Fundamentals | - Risk management principles
|
1. Which one of the following causes of death typically would be included under an accidental death rider attached to a life insurance policy?
A) Illness or disease
B) Intentionally self-inflicted injuries
C) Automobile accidents resulting from the insured's negligence
D) War or acts of war
2. Publishing a derogatory article about the financial condition of an insurer that is false and calculated to injure the insurer is an example of:
A) Extortion
B) Defamation
C) Intimidation
D) Coercion
3. A producer is prohibited from:
A) Countersigning a policy sold in Maryland
B) Selling insurance to family members
C) Allowing an applicant to sign a blank or incomplete application
D) Splitting commissions with a licensed nonresident producer who has jointly sold a policy
4. An applicant for life insurance must be informed that testing for Human Immunodeficiency Virus (HIV) infection is used to help determine:
A) The insurability of the proposed insured
B) Whether an insurable interest exists
C) The effective date and term of coverage
D) The type of policy that will be issued
5. How does the payment of an accelerated benefit affect a life insurance policy?
A) It decreases the death benefit.
B) It decreases the grace period.
C) It increases the cash value.
D) It increases the policy premium.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A |
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