With the development of the times, civilization is in progress, as well as PracticeTorrent. In order to help you get the Life-Producer exam certification to own a bright future as soon as possible, and you can get well-paid, PracticeTorrent has always been working hard. With efforts for years, the passing rate of PracticeTorrent Life-Producer Certification Exam has reached as high as 100%. Choose PracticeTorrent is to choose success
The series of Life-Producer measures we have taken is also to allow you to have the most professional products and the most professional services. I believe that in addition to our Life-Producer study materials, you have also used a variety of products. What kind of services on the Life-Producer training engine can be considered professional, you will have your own judgment. But I would like to say that our products study materials must be the most professional of the Life-Producer Exam simulation you have used. And you will find that our Life-Producer exam questions is worthy for your time and money.
>> Reliable Life-Producer Dumps Ppt <<
Comparing to the training institution, our website can ensure you pass the Maryland Insurance Administration actual test with less time and money. You just need to use spare time to practice the Life-Producer exam questions and remember key points of test answers. If you get a bad result in the Life-Producer Practice Test, we will full refund you to reduce the loss of your money.
NEW QUESTION # 42
How does the payment of an accelerated benefit affect a life insurance policy?
Answer: B
Explanation:
Comprehensive and Detailed Step by Step Explanation:Accelerated benefits allow a policyholder to receive a portion of the death benefit early, often due to terminal illness or specific qualifying conditions:
* Decreases the death benefit (D):The accelerated amount reduces the death benefit available to beneficiaries.
* Increases the cash value (A):Incorrect; accelerated benefits are drawn from the policy, reducing cash value and death benefits.
* Increases the policy premium (B):Premiums generally remain unchanged.
* Decreases the grace period (C):Not affected by accelerated benefits.
References:Maryland Accelerated Benefit Provisions, COMAR 31.09.04, and IRS Tax Treatment of Accelerated Death Benefits.
NEW QUESTION # 43
A group policy may be issued to a labor union. The members eligible for insurance under the policy shall be:
Answer: B
Explanation:
Comprehensive and Detailed Step by Step Explanation:When a group policy is issued to a labor union, Maryland law requires that eligibility criteria ensure fairness and inclusivity:
* All of the members of the union (B):Eligible members must be treated equally under the group policy.
Coverage cannot exclude individuals based on factors like age or health, provided they are active members.
* Members of any union (A):Policies are issued to specific unions, not broadly.
* Only members under age 65 (C):Age discrimination is prohibited unless specifically linked to policy provisions.
* Healthy members (D):Group policies cannot discriminate based on health status.
References:Maryland Group Insurance Regulations, COMAR 31.09.06, and Labor Union Group Policies Guidelines.
NEW QUESTION # 44
A producer is prohibited from:
Answer: A
Explanation:
Comprehensive and Detailed Step by Step Explanation:Insurance producers must uphold ethical and legal practices when conducting business.
* Allowing an applicant to sign a blank or incomplete application (B):This is strictly prohibited, as it creates opportunities for fraud, disputes, and incorrect information being submitted to insurers.
* Selling insurance to family members (A):Permissible under Maryland law as long as transactions comply with standard regulations.
* Countersigning a policy (C):Required in some cases for validating contracts sold in Maryland.
* Splitting commissions with a licensed nonresident producer (D):Permissible if both parties are licensed and participate in the sale.
References:Maryland Producer Code of Conduct, COMAR 31.03.13, and Maryland InsuranceEthics Guidelines.
NEW QUESTION # 45
A licensee must report each of the following to the Maryland Insurance Administration EXCEPT:
Answer: D
Explanation:
Comprehensive and Detailed Step by Step Explanation:Insurance licensees in Maryland are required to report certain changes to the Maryland Insurance Administration (MIA):
* Change of name (A):Must be reported promptly to ensure accurate licensure records.
* Change of residence address (B):Also required for communication and compliance purposes.
* Felony convictions (D):Mandatory disclosure to maintain transparency and evaluate fitness for licensure.
* Change in financial status (C):Not required unless it directly affects the licensee's ability to meet financial obligations tied to the license (e.g., bonding requirements).
References:Maryland Insurance Code §10-118, COMAR 31.03.01.
NEW QUESTION # 46
An individual life insurance policy may include coverage for all of the following EXCEPT:
Answer: A
Explanation:
Comprehensive and Detailed Step by Step Explanation:Individual life insurance policies often allow riders or supplementary coverage options, but they do not cover workers' compensation, which is a separate insurance category.
* Disability (A):Can be included as a rider, such as a waiver of premium or disability income benefit.
* Long-term care (B):Often available as an optional rider to address extended medical care expenses.
* Burial (D):Final expense policies or riders can be added to cover funeral and burial costs.
* Workers' compensation (C):Not covered under life insurance policies; this is a specific insurance product regulated differently.
References:Maryland Life Insurance Rider Guidelines, Workers' Compensation Insurance Regulations, and COMAR 31.09.03.
NEW QUESTION # 47
......
We boost the professional and dedicated online customer service team. They are working for the whole day, weak and year to reply the clients’ question about our Life-Producer study materials and solve the clients’ problem as quickly as possible. If the clients have any problem about the use of our Life-Producer Study Materials and the refund issue they can contact our online customer service at any time, our online customer service personnel will reply them quickly. So you needn’t worry about you will encounter the great difficulties when you use our Life-Producer study materials.
Life-Producer Latest Study Notes: https://www.practicetorrent.com/Life-Producer-practice-exam-torrent.html
Life-Producer exam materials are high-quality, and you can improve your efficiency, One of features of us is that we are pass guaranteed and money back guaranteed if you fail to pass the exam after buying Life-Producer training materials of us, The contents of test engine and the online test engine are the same; the test engine only supports the Windows operating system; while online test engine supports Windows/Mac/Android/iOS operating systems that mean you can download Life-Producer braindumps study materials in any electronic equipment, On the basis of the highest quality and most reliable Life-Producer exam study material, our discount is sure to be the most cost-efficient.
You might accumulate enough money to prepare in advance for this event, You can locate if there is a duplication of IP address or some other problem, Life-Producer Exam Materials are high-quality, and you can improve your efficiency.
One of features of us is that we are pass guaranteed and money back guaranteed if you fail to pass the exam after buying Life-Producer training materials of us, The contents of test engine and the online test engine are the same; the test engine only supports the Windows operating system; while online test engine supports Windows/Mac/Android/iOS operating systems that mean you can download Life-Producer braindumps study materials in any electronic equipment.
On the basis of the highest quality and most reliable Life-Producer exam study material, our discount is sure to be the most cost-efficient, To choose the best Life-Producer practice materials is just the same thing.