Exam (elaborations)
Maryland Laws and rules exam Already Passed | Q&A‘s
- Course
- Institution
Maryland Laws and rules exam Already Passed | Q&A‘s
[Show more]
Content preview
Maryland Laws and rules exam Already Passed |Q&A‘s
The standard grace period for a life insurance policy sold in Maryland is
1. 15 days
2. 30 days
3. 45 days
4. 60 days - ✔✔2
- ✔✔3
To provide the funds necessary to carry out the powers and duties of the Life and Health
Guaranty Corporation, the Board of Directors shall - ✔✔assess member insurers
Which of the following statements about the contestability of a life insurance policy is
true?
(a) the insurer cannot contest a policy once it is issued.
(b) the policy is usually contestable by the insurer only during the first two years of the
contract.
(c) the policy is contestable by the insurer at all times.
(d) the policy can be contested - ✔✔b
Which of the following is NOT a reason for the Commissioner to deny or refuse a
producer license application?
, 1.Recently convicted of a felony
2.Engaged in fraudulent insurance practices
3.Unintentionally misrepresented a material fact on the application
4.Intentionally violated state insurance laws - ✔✔3
ABC Corporation has a group life insurance policy that covers its employees and their
dependent children. Which of the following would be considered a "dependent child"?
1.Employed 22 year old child who relies on the insured employee for financial support
2.Child over the age of 18 years who attends an educational institution and relies on the
insured employee for financial support
3.Child age 27 still living at home and not attending an educational institution
4.Married child over the age of 26 - ✔✔2
A Maryland insurance producer solicits an insurance policy. In the event of a
controversy between the insured and the company, the producer is considered to
represent the
1. insured
2. beneficiary
3. company
4. policyholder - ✔✔3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Examsplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81311 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now