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Updated: Jul 22, 2026

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Maryland Insurance Administration Life-Producer Exam Overview:

Certification Vendor:Maryland Insurance Administration
Exam Name:Maryland Life Producer Exam (Series 20-27)
Exam Number:Series 20-27 / Life-Producer
Available Languages:English
Certificate Validity Period:2 years
Related Certifications:Maryland Accident and Health Producer
Maryland Life and Health Producer Combo
Passing Score:70%
Exam Format:Multiple Choice
Exam Duration:120 minutes
Real Exam Qty:85
Exam Price:$60 USD
Recommended Training:Sircon Approved Courses
Exam Registration:Prometric Registration
Sample Questions:Maryland Insurance Administration Life-Producer Sample Questions
Exam Way:Computer-based; Onsite at Prometric test centers or remotely proctored via ProProctor
Pre Condition:Minimum age 18; Maryland resident or non-resident eligible; Completion of approved pre-licensing education (or exemption for eligible designations: CLU, ChFC, CFP, etc.)
Official Syllabus URL:https://www.prometric.com/files/2023-05/MDINS%20LIB%204.2023.pdf

Maryland Insurance Administration Life-Producer Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Life Insurance Policies25%- Policy types and provisions
  • 1. Beneficiary designations
    • 2. Policy clauses and riders
      • 3. Term, whole life, universal life
        Topic 2: General Insurance Concepts15%- Fundamental principles
        • 1. Insurable interest
          • 2. Contract law basics
            • 3. Risk and hazard
              Topic 3: Annuities and Retirement Products15%- Types and features
              • 1. Fixed and variable annuities
                • 2. Tax-qualified plans
                  • 3. Distribution options
                    Topic 4: Life Insurance Underwriting and Premiums15%- Risk assessment and pricing
                    • 1. Classification of risks
                      • 2. Underwriting process
                        • 3. Premium calculation factors
                          Topic 5: Insurance Regulation15%- State insurance laws and administration
                          • 1. Licensing requirements and authority
                            • 2. Unfair trade practices
                              • 3. Regulation of agents and insurers
                                Topic 6: Federal and State Tax Considerations10%- Tax treatment of policies and benefits
                                • 1. Tax-deferred growth
                                  • 2. Estate tax aspects
                                    • 3. Income tax implications

                                      Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:

                                      1. Which activity is an unfair claims settlement practice?

                                      A) Offering settlements that are less than the fair value to offset insurer expenses
                                      B) Denying claims on the basis of specific policy provisions
                                      C) Including an arbitration provision in the insurer's policies
                                      D) Negotiating the payment of claims where coverage or liability is in question


                                      2. The needs approach to personal life insurance planning includes the creation of an emergency reserve fund.
                                      This fund is designed primarily to:

                                      A) Pay for college tuition and books
                                      B) Cover the cost of unexpected expenses
                                      C) Provide retirement income
                                      D) Pay off an existing mortgage


                                      3. An insurer may refuse to underwrite a particular insurance applicant for a reason based wholly on:

                                      A) Creed
                                      B) Race
                                      C) Medical condition
                                      D) Gender


                                      4. Advertisements in general shall be:

                                      A) Truthful
                                      B) Approved by the Insurance Commissioner
                                      C) Clear only by familiarity with insurance terminology
                                      D) Clear only by implication


                                      5. All of the following factors may affect premium determination in individual life insurance EXCEPT:

                                      A) Age
                                      B) Race
                                      C) Occupation
                                      D) Health


                                      Solutions:

                                      Question # 1
                                      Answer: A
                                      Question # 2
                                      Answer: B
                                      Question # 3
                                      Answer: C
                                      Question # 4
                                      Answer: A
                                      Question # 5
                                      Answer: B

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