Free Insurance Regulation Practice Questions
Maryland Life, Accident & Health exam — 185 practice questions.
Subtopics: Application fee, Misappropriation of premiums, Coercion, Boycott and intimidation, False advertising, Unfair discrimination, Guaranty association, Reporting actions, Acting without a license, Buyer's guide and summary, Records retention, Hearing rights, Controlled business, Sliding, Replacement notice, Net premium / reserves oversight, Exam retake wait, Minimum age, Prelicensing education repeal, Lines of authority, Definition of producer, Insurance adviser, Clerical exemption, Business entity license, Trade names, License and authority, License expiration date, CE completion deadline, Renewal notice, Reinstating an expired license, Reinstatement window, Expired license conduct, Veteran producer CE, CE split for L&H and P&C, LTC continuing education, Nonresident CE, Insurer and CE choice, Producer register, Application before appointment, Checking producer discipline, Termination for cause, Producer response to termination, Appointment documentation, Revoked certificate of authority, Email address changes, Criminal prosecution report, Moving out of Maryland, Temporary license term, Producer civil penalty, Restitution, Grounds for discipline, Child support arrears, Re-examination after suspension, Willful violation, Hearing demand, Notice of hearing, Stay of order, Commissioner term, Insurer penalty, Premium paid to producer, Independent producer label, Renewal commissions, Producer fee cap, Rebating exceptions, Gift contingent on purchase, Tie-in sales, False financial statements, Stock as inducement, Policy name misleading, Unfair practice not defined, Cease and desist hearing, Domestic violence, Blindness discrimination, Genetic trait, Past lawful travel, Underwriting inquiries, Senior designations, Premium account withdrawals, Commingling, Fraud felony threshold, Administrative fraud penalty, Fraud reporting immunity, Fraud Division, False application statement, Form filing period, Domestic insurer exam, Emergency cease writing, Unfair claim penalty, Unfair claims practices, Privacy of medical records, Life exam results, Guaranty death benefit limit, Guaranty annuity limit, Guaranty health limit, Guaranty membership, Guaranty corporation status, Temporary license recipients, Exam waivers, Reporting duties, Replacement definition, Signed statement, Replacement sales material, Notifying existing insurer, Replacement free look, Internal replacement credit, Financed purchase presumption, Replacement violation penalty, Advising to answer no, Loan or surrender notice, Newborn coverage, Newborn premium notice, Adopted child coverage, Grandchild coverage, Incapacitated dependent, Medical child support, HMO definition, HMO basic services, Nonprofit health service plan, Producer license for HMO, Mandated offer, Morbid obesity definition, Genetic information, Genetic information scope, Sex-based rating, Health producer admin fees, Privacy, Federal fraud statute, Fair Credit Reporting Act, Do Not Call, Illustrations, Disclosure, McCarran-Ferguson Act, NAIC, Twisting, Rebating, CAN-SPAM Act, Advertising, State regulation, HIPAA privacy, Anti-money laundering, Unfair trade practices, Fiduciary duty, Producer licensing, Insurer authorization, Replacement, Annuity best interest, HIV testing
Read the Insurance Regulation study guide
Sample questions & answers
1. Which of the following must accompany an application for a Maryland resident producer license?
The required license fee
A resident applicant submits the uniform application and pays the license fee; prelicensing education has not been required since October 1, 2024, and appointments come from insurers after licensing.
2. A Maryland producer who keeps premium money belonging to an insurer for personal use has committed:
Misappropriation
Using premium money that belongs to an insurer for personal purposes is misappropriation or conversion of funds, a ground for license revocation and a fraudulent insurance act.
3. Forcing a borrower to buy insurance from a particular producer as a condition of a loan is the prohibited practice of:
Coercion
A person may not require another to buy insurance through a particular producer or insurer as a condition of a loan, sale or other transaction; the buyer keeps free choice of insurer.
4. An agreement among insurers to intimidate or boycott another in restraint of trade is:
A prohibited unfair trade practice
Agreeing to commit, or committing by concerted action, boycott, coercion or intimidation that unreasonably restrains the insurance business is an unfair trade practice.
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Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
