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Maryland Insurance Administration MarylandAccident and Health or Sickness Producer Series 20-24 Sample Questions:
1. Which type of coverage bases benefit eligibility on the capacity to perform activities of daily living?
A) Medicare supplement
B) Long-term care insurance
C) Long-term disability
D) Major medical expense
2. When an accident and health insurer requires a covered individual to undergo a physical examination, who pays the cost of the examination?
A) The premium payor
B) The principal insured individual
C) The insurer
D) The patient or parent of the patient
3. All of the following are true of insurance EXCEPT:
A) It eliminates risk
B) It is a means of sharing losses
C) It transfers risk
D) It protects against uncertainty
4. Which type of Medicare Supplement information can be used without prior state approval?
A) Government publications
B) Television advertisements approved by the insurer
C) Insurance company brochures
D) Radio announcements approved by the insurer
5. An accident and health insurance producer is most likely to become liable for professional errors and omissions as the result of:
A) An accounting error discovered by the producer's accountant
B) Submitting a premium payment to an insurer in excess of the required amount
C) Misleading a prospective insured in replacing accident and health insurance
D) Incorrect filing of federal income taxes
Solutions:
Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |