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Updated: Sep 08, 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 Life and Health Producer Combo
Maryland Accident and Health Producer
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: Federal and State Tax Considerations10%- Tax treatment of policies and benefits
        • 1. Tax-deferred growth
          • 2. Estate tax aspects
            • 3. Income tax implications
              Topic 3: General Insurance Concepts15%- Fundamental principles
              • 1. Insurable interest
                • 2. Contract law basics
                  • 3. Risk and hazard
                    Topic 4: Annuities and Retirement Products15%- Types and features
                    • 1. Fixed and variable annuities
                      • 2. Tax-qualified plans
                        • 3. Distribution options
                          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: Life Insurance Underwriting and Premiums15%- Risk assessment and pricing
                                • 1. Classification of risks
                                  • 2. Underwriting process
                                    • 3. Premium calculation factors

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

                                      Question #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
                                      Answer: A

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                                      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
                                      Answer: B

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                                      Question #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
                                      Answer: C

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                                      Question #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
                                      Answer: A

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                                      Question #5

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

                                      • A. Age
                                      • B. Race
                                      • C. Occupation
                                      • D. Health
                                      Answer: B

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