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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo

Life-and-Accident-and-Health-or-Sickness-Producer-Combo

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: Oct 05, 2026

Q&A Number: 265 Q&As

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About Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Questions and Answers

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

SectionWeightObjectives
Topic 1: Life Insurance Basics and Policies25%- Beneficiaries, claims, and settlement options
- Types of life insurance: term, whole, universal, variable
- Policy provisions, riders, and options
Topic 2: Insurance Regulation30%- Ethics, unfair trade practices, and consumer protection
- State insurance laws and Maryland regulations
- Licensing requirements and procedures
- Policy delivery, replacement rules, and disclosure
Topic 3: Annuities and Retirement Products10%- Tax treatment and suitability standards
- Fixed, indexed, and variable annuities
Topic 4: Accident and Health / Sickness Insurance20%- Mandatory benefits and state-specific health rules
- Disability income, medical expense, and long-term care
- Health insurance basics and policy provisions
- HMO, PPO, group vs individual coverage
Topic 5: General Insurance Concepts15%- Underwriting, premium calculation, and taxation
- Contract law and principles
- Insurable interest and risk management

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

Question #1
(Which statement is true about a term life insurance policy?)

A. It usually can be renewed at the same premium.
B. It may be written only for periods of five years or less.
C. It usually provides a cash value.
D. It provides temporary protection.


Question #2
An individual purchased an annuity with a series of premium payments continuing over a period of twenty years. The purchase payments were made during the:

A. Annuity period
B. Accumulation period
C. Period certain
D. Liquidation period


Question #3
Under which of the following circumstances may a class designation of beneficiary in life insurance be used?

A. To name the insured's children as beneficiaries without naming them individually
B. To name a specific beneficiary to receive the proceeds on behalf of a group
C. To donate insurance proceeds to a specific organization or charity
D. To set up a trust fund for the insured's children


Question #4
A company's universal life insurance policy must disclose the:

A. Surrender charges of the policy
B. Maximum face amount an individual can purchase
C. Meaning of a corridor
D. Availability of riders


Question #5
All of the following statements about the life insurance protection provided by a family life insurance policy are true EXCEPT:

A. Most of the premium amount purchases whole life insurance for the head of the household
B. Coverage for dependents can be converted to whole life insurance without evidence of insurability
C. Coverage is available only to heads of households who are 30 years old or younger
D. Life insurance coverage is provided automatically to children born during the policy period


Solutions:

Question #1
Correct Answer: D
Question #2
Correct Answer: B
Question #3
Correct Answer: A
Question #4
Correct Answer: A
Question #5
Correct Answer: C

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