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1. The Maryland Insurance Administration is an agency of the:
A) Maryland General Assembly
B) Federal government
C) National Association of Insurance Commissioners
D) State government
2. How does the payment of an accelerated benefit affect a life insurance policy?
A) It decreases the grace period.
B) It increases the policy premium.
C) It increases the cash value.
D) It decreases the death benefit.
3. Publishing a derogatory article about the financial condition of an insurer that is false and calculated to injure the insurer is an example of:
A) Coercion
B) Defamation
C) Extortion
D) Intimidation
4. All of the following factors may affect premium determination in individual life insurance EXCEPT:
A) Age
B) Race
C) Health
D) Occupation
5. All of the following statements about the life insurance protection provided by a family life insurance policy are true EXCEPT:
A) Coverage is available only to heads of households who are 30 years old or younger
B) Most of the premium amount purchases whole life insurance for the head of the household
C) Life insurance coverage is provided automatically to children born during the policy period
D) Coverage for dependents can be converted to whole life insurance without evidence of insurability
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A |
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