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Maryland Insurance Administration Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Maryland State-Specific Regulations | 20% | - Compliance and Enforcement
|
| Accident and Health Insurance Policies | 35% | - Types of Coverage
|
| General Insurance Concepts | 15% | - Fundamental Principles
|
| Insurance Regulation | 30% | - Regulation of Producers
|
Maryland Insurance Administration MarylandAccident and Health or Sickness Producer Series 20-24 Sample Questions:
When the insured's willful failure to disclose a material fact at the time of application is discovered by the insurer shortly after the policy is issued:
- A. The policy is voidable at the insurer's option
- B. The insurer may cancel the policy only at the expiration or renewal date
- C. The insurer must continue the insurance policy in full force
- D. The policy is automatically void
Correct Answer: A 🗳️
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All of the following are true of insurance EXCEPT:
- A. It is a means of sharing losses
- B. It transfers risk
- C. It eliminates risk
- D. It protects against uncertainty
Correct Answer: C 🗳️
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In Maryland, continuation of medical plan coverage for a handicapped child beyond the age limit stated in the policy may require proof of the child's:
- A. Dependency for the first two years of continued coverage only
- B. Incapacity and dependency upon reaching the age limit
- C. Incapacity only
- D. Continued insurability
Correct Answer: B 🗳️
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Who has the right to change the beneficiary of an accident and health policy with a revocable beneficiary designation?
- A. The beneficiary
- B. The insurer
- C. The producer
- D. The policyowner
Correct Answer: D 🗳️
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In accident and health insurance, a waiting period for pre-existing conditions means that:
- A. Coverage for pre-existing conditions starts at the inception of the new policy
- B. A period of time must elapse before pre-existing conditions are covered
- C. Coverage for pre-existing conditions is permanently excluded by a new insurer
- D. Payment for expenses resulting from pre-existing conditions is held in escrow
Correct Answer: B 🗳️
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