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| Section | Weight | Objectives |
|---|---|---|
| Life Insurance Basics and Policies | 25% | - Types of life insurance: term, whole, universal, variable - Beneficiaries, claims, and settlement options - Policy provisions, riders, and options |
| General Insurance Concepts | 15% | - Insurable interest and risk management - Underwriting, premium calculation, and taxation - Contract law and principles |
| Accident and Health / Sickness Insurance | 20% | - HMO, PPO, group vs individual coverage - Mandatory benefits and state-specific health rules - Disability income, medical expense, and long-term care - Health insurance basics and policy provisions |
| Annuities and Retirement Products | 10% | - Tax treatment and suitability standards - Fixed, indexed, and variable annuities |
| Insurance Regulation | 30% | - Ethics, unfair trade practices, and consumer protection - Policy delivery, replacement rules, and disclosure - Licensing requirements and procedures - State insurance laws and Maryland regulations |
One factor in premium determination is the expenses of the:
Correct Answer: C 🗳️
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A life insurance policy becomes incontestable after it has been in force for:
Correct Answer: A 🗳️
Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).
(Which statement is true about a term life insurance policy?)
Correct Answer: B 🗳️
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All of the following are common features found in health maintenance organizations (HMOs) EXCEPT:
Correct Answer: B 🗳️
Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).
Which one of the following life insurance policies is written to insure two or more individuals with the face amount payable upon the death of the first insured?
Correct Answer: D 🗳️
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