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Maryland Insurance Administration MarylandAccident and Health or Sickness Producer Series 20-24 Sample Questions:
1. Which type of coverage bases benefit eligibility on the capacity to perform activities of daily living?
A) Major medical expense
B) Long-term care insurance
C) Medicare supplement
D) Long-term disability
2. An accident and health insurance producer is most likely to become liable for professional errors and omissions as the result of:
A) Incorrect filing of federal income taxes
B) An accounting error discovered by the producer's accountant
C) Misleading a prospective insured in replacing accident and health insurance
D) Submitting a premium payment to an insurer in excess of the required amount
3. Which of the following is NOT a mandated benefit in Maryland?
A) Treatment of mental illness
B) Weight reduction programs
C) Hearing aids for children
D) Treatment of substance abuse
4. All of the following are true of insurance EXCEPT:
A) It eliminates risk
B) It is a means of sharing losses
C) It transfers risk
D) It protects against uncertainty
5. Disability income insurance premiums are a deductible expense when the premiums are paid by:
A) An insured for individual disability income coverage
B) A partnership for group disability income coverage for the partners
C) A corporation for group disability income coverage for the employees
D) An employee for group disability income coverage
Solutions:
Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: C |
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