Pass the actual test with the help of Life-Producer study guide
Updated: Jul 22, 2026
No. of Questions: 85 Questions & Answers with Testing Engine
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| 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 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Life Insurance Policies | 25% | - Policy types and provisions
|
| Topic 2: General Insurance Concepts | 15% | - Fundamental principles
|
| Topic 3: Annuities and Retirement Products | 15% | - Types and features
|
| Topic 4: Life Insurance Underwriting and Premiums | 15% | - Risk assessment and pricing
|
| Topic 5: Insurance Regulation | 15% | - State insurance laws and administration
|
| Topic 6: Federal and State Tax Considerations | 10% | - Tax treatment of policies and benefits
|
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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