Maryland Life and Health Law Exam
Simulator Questions and answers with 100%
Complete solutions | verified &updated 2024 |
Graded A+
A licensee who is required to take continuing education must complete 24 hours
of continuing education, which includes ___ hour(s) of ethics coursework - ✔✔3
Actuarial Value Plans - ✔✔bronze = 60%
silver = 70%
gold = 80%
platinum = 90%
The standard grace period for a life insurance policy sold in maryland is -
✔✔30 days
,John the insurance producer has an insurance license that expires in 6 months. If
he files an application for renewal before the expiration date, his license will -
✔✔remain in effect until a new one is issued
Under a small group health plan an insurer is required to provide a newly married
employee at least ____ days to add the new spouse to the plan. - ✔✔60
Under which circumstance would inflation protection NOT be included in a long-
term policy? - ✔✔policyowner declines the coverage in writing
Chuck and Shaquille are both licensed producers in the same line of insurance.
Chuck provides Shaquille with a referral that results in a sale. Commissions on
this
sale will likely be - ✔✔shared by both producers (sharing of commission
is allowed between producers licensed in the same line of insurance)
all of these are responsibilities of the Commissioner EXCEPT -
✔✔endorsing insurers
, How many days notice must the Commissioner give prior to a hearing? - ✔✔10
days
According to the Affordable Care Act, new Health Insurance Marketplaces are
established by the - ✔✔CCIIO (The Center for Consumer Information
and Insurance Oversight)
A producer has committed an insurance crime that violates US Code 1033
(interstate commerce). Who would be responsible for the prosecution of this
crime? - ✔✔US Attorney General
The outline of coverage for a Medicare Supplement policy provides information
about - ✔✔services, benefits, copayments, deductibles, exclusions,
premiums, and the insurer
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