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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accident and Health / Sickness Insurance | 20% | - Health insurance basics and policy provisions - HMO, PPO, group vs individual coverage - Disability income, medical expense, and long-term care - Mandatory benefits and state-specific health rules |
| Topic 2: Life Insurance Basics and Policies | 25% | - Policy provisions, riders, and options - Beneficiaries, claims, and settlement options - Types of life insurance: term, whole, universal, variable |
| Topic 3: General Insurance Concepts | 15% | - Insurable interest and risk management - Underwriting, premium calculation, and taxation - Contract law and principles |
| Topic 4: Insurance Regulation | 30% | - Licensing requirements and procedures - Ethics, unfair trade practices, and consumer protection - Policy delivery, replacement rules, and disclosure - State insurance laws and Maryland regulations |
| Topic 5: Annuities and Retirement Products | 10% | - Fixed, indexed, and variable annuities - Tax treatment and suitability standards |
The purchaser of a deferred annuity normally intends that the income benefits will begin:
Correct Answer: D 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).
A producer who attempts to intimidate a prospective insured is guilty of:
Correct Answer: B 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).
An insurance producer provided several examples to the applicant persuasively demonstrating that the insurance coverage offered under his company's policy was superior to a competitor's product. The insurance producer knew he was misrepresenting or stretching the truth in order to induce the applicant to forfeit her current policy and purchase a similar but inferior insurance policy from him. The insurance producer is involved in which one of the following unfair trade practices?
Correct Answer: C 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).
Accident and health policies must cover physically or mentally handicapped dependent children:
Correct Answer: B 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).
Group health insurance contracts providing coverage for employees in more than one state are usually controlled by the laws of the state where:
Correct Answer: A 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).
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