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Last Updated: Sep 19, 2026

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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:

SectionObjectives
Topic 1: Life Insurance- Life insurance policies
  • 1. Term life insurance
    • 2. Universal life insurance
      • 3. Whole life insurance
        - Policy provisions and riders
        • 1. Policy loans and dividends
          • 2. Beneficiaries and settlements
            Topic 2: General Insurance Concepts- Insurance principles and risk management
            • 1. Risk types and management methods
              • 2. Insurance contract fundamentals
                Topic 3: State Law and Regulations- Insurance producer regulations
                • 1. Licensing requirements
                  • 2. Ethics and fiduciary duties
                    Topic 4: Accident and Health Insurance- Policy provisions
                    • 1. Coordination of benefits
                      • 2. Exclusions and limitations
                        - Health insurance types
                        • 1. Long-term care insurance
                          • 2. Medical expense insurance
                            • 3. Disability income insurance

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

                              Question #1

                              All of the following services are covered under the Medicare Supplement preventive care benefit EXCEPT:

                              • A. Outpatient prescription vitamins
                              • B. Routine physical examinations
                              • C. Hearing tests
                              • D. Immunizations
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

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                              Question #2

                              A conditional receipt must be given to an applicant for life insurance who pays the initial premium at the time of signing:

                              • A. The statement of good health
                              • B. The premium payment bank draft authorization
                              • C. The policy application form
                              • D. The policy delivery receipt
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

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                              Question #3

                              Who usually selects the beneficiary of a life insurance policy?

                              • A. The beneficiary
                              • B. The producer
                              • C. The policyowner
                              • D. The insurer
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

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                              Question #4

                              The reinstatement provision in individual accident and health insurance:

                              • A. Reinstates the amount of insurance after payment of a loss
                              • B. Requires that all reinstatement applications must be approved by the Maryland Insurance Administration
                              • C. Allows the insured to change statements made in the application
                              • D. Allows the insured to reinstate the policy after coverage lapses for nonpayment of premium
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

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                              Question #5

                              A universal life insurance policy can be described most accurately as a combination of:

                              • A. A term insurance policy and an annuity
                              • B. A flexible premium deposit fund and a monthly renewable term insurance policy
                              • C. An endowment policy and an interest-sensitive deposit fund
                              • D. A mutual fund and a whole life insurance policy
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

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