Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Q&A - in .pdf

  • Life-and-Accident-and-Health-or-Sickness-Producer-Combo pdf
  • Exam Code: Life-and-Accident-and-Health-or-Sickness-Producer-Combo
  • Exam Name: Life and Accident and Health or Sickness Producer - Combo Series 20-30
  • Updated: Sep 09, 2026
  • Q & A: 265 Questions and Answers
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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:

SectionWeightObjectives
Insurance Regulation30%- Policy delivery, replacement rules, and disclosure
- Licensing requirements and procedures
- State insurance laws and Maryland regulations
- Ethics, unfair trade practices, and consumer protection
Accident and Health / Sickness Insurance20%- Disability income, medical expense, and long-term care
- HMO, PPO, group vs individual coverage
- Health insurance basics and policy provisions
- Mandatory benefits and state-specific health rules
Annuities and Retirement Products10%- Fixed, indexed, and variable annuities
- Tax treatment and suitability standards
Life Insurance Basics and Policies25%- Policy provisions, riders, and options
- Beneficiaries, claims, and settlement options
- Types of life insurance: term, whole, universal, variable
General Insurance Concepts15%- Contract law and principles
- Insurable interest and risk management
- Underwriting, premium calculation, and taxation

Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:

Question #1

The designation of a beneficiary by class in a life insurance policy means that:

  • A. A primary beneficiary cannot be designated in the policy
  • B. The policy must be a form of business life insurance
  • C. The beneficiaries are unrelated to the insured
  • D. Individual beneficiaries are not specified by name
Answer: D

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Question #2

The needs approach in life insurance is most useful in determining:

  • A. Which companies offer the best array of life insurance products
  • B. Which types of individuals the producer should attempt to meet
  • C. The amount of life insurance to be recommended to a client
  • D. The most appropriate method for prospecting new clients
Answer: C

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Question #3

An insurance adviser's written contract with the client must include all of the following EXCEPT:

  • A. Disclosure as to whether commissions may be received
  • B. Expiration date of the consultant's license
  • C. Duration of the contract
  • D. Amount of the fee
Answer: B

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Question #4

The annual addition to an employee ' s account in a qualified retirement plan:

  • A. Must be the same dollar amount for every full-time employee
  • B. Usually reflects the employee ' s individual work performance each year
  • C. Cannot exceed maximum limits set by the Internal Revenue Service
  • D. Can be any amount as determined by the employer from year to year
Answer: C

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Question #5

An insured's statements on an accident and health insurance application are deemed to be:

  • A. Warranties
  • B. Categorical
  • C. Representations
  • D. General provisions
Answer: C

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