Free Maryland Insurance Administration Life-and-Accident-Health-Sickness-Producer Practice Exam Questions and Answers 2026

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Total 156 Questions | Updated On: Apr 02, 2026

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Question 1

Which of the following is NOT a right of the life insurance policyowner?

A : Assign or transfer the policy.

B : Borrow from the cash values.

C : Select and change a beneficiary.

D : Revoke an absolute assignment.

Answer: D

Question 2

The Oklahoma Insurance Commissioner may place on probation, censure, suspend, revoke, or refuse to issue a license to an applicant for all of the following causes EXCEPT

A : having admitted to have committed fraud.

B : providing incorrect, misleading, or materially untrue information in the license application.

C : having been convicted of a misdemeanor.

D : failing to pay state taxes.

Answer: C

Question 3

Employees covered by an employer health plan are issued an insurance

A : policy.

B : contract.

C : covenant.

D : certificate.

Answer: D

Question 4

The insured is dissatisfied with the handling of a claim. How long does the insured have to bring a lawsuit against the insurer?

A : 1 year

B : 3 years

C : 5 years

D : 7 years

Answer: C

Question 5

How is ownership of a mutual insurance company evidenced?

A : ownership of stock

B : bonds of the company

C : ownership of a policy

D : certificate of deposit

Answer: C

Page: 1 / 32

Total 156 Questions | Updated On: Apr 02, 2026

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