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Real Maryland Insurance Administration Life-Producer practice exam questions for easy pass!

Updated: Aug 19, 2026

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Maryland Insurance Administration Life-Producer Exam Overview:

Certification Vendor:Maryland Insurance Administration
Exam Name:Maryland Life Producer Exam (Series 20-27)
Exam Number:Series 20-27 / Life-Producer
Exam Duration:120 minutes
Available Languages:English
Related Certifications:Maryland Accident and Health Producer
Maryland Life and Health Producer Combo
Exam Format:Multiple Choice
Exam Price:$60 USD
Certificate Validity Period:2 years
Real Exam Qty:85
Passing Score:70%
Recommended Training:Sircon Approved Courses
Exam Registration:Prometric Registration
Sample Questions:Maryland Insurance Administration Life-Producer Sample Questions
Exam Way:Computer-based; Onsite at Prometric test centers or remotely proctored via ProProctor
Pre Condition:Minimum age 18; Maryland resident or non-resident eligible; Completion of approved pre-licensing education (or exemption for eligible designations: CLU, ChFC, CFP, etc.)
Official Syllabus URL:https://www.prometric.com/files/2023-05/MDINS%20LIB%204.2023.pdf

Maryland Insurance Administration Life-Producer Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Insurance Regulation15%- State insurance laws and administration
  • 1. Licensing requirements and authority
    • 2. Regulation of agents and insurers
      • 3. Unfair trade practices
        Topic 2: Life Insurance Policies25%- Policy types and provisions
        • 1. Beneficiary designations
          • 2. Policy clauses and riders
            • 3. Term, whole life, universal life
              Topic 3: General Insurance Concepts15%- Fundamental principles
              • 1. Insurable interest
                • 2. Risk and hazard
                  • 3. Contract law basics
                    Topic 4: Life Insurance Underwriting and Premiums15%- Risk assessment and pricing
                    • 1. Premium calculation factors
                      • 2. Classification of risks
                        • 3. Underwriting process
                          Topic 5: Federal and State Tax Considerations10%- Tax treatment of policies and benefits
                          • 1. Estate tax aspects
                            • 2. Tax-deferred growth
                              • 3. Income tax implications
                                Topic 6: Annuities and Retirement Products15%- Types and features
                                • 1. Tax-qualified plans
                                  • 2. Fixed and variable annuities
                                    • 3. Distribution options

                                      Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) Sample Questions:

                                      1. How long will income benefit payments continue under a life annuity with ten years certain?

                                      A) Only until the annuitant dies, regardless of when death occurs
                                      B) Only for ten years, regardless of how long the annuitant lives
                                      C) Until the annuitant dies, and for an additional ten years
                                      D) Until the annuitant dies, or for ten years, whichever is longer


                                      2. Which of the following reinforces the rule that ambiguities in insurance contracts should be interpreted in favor of the policyholder?

                                      A) Representation
                                      B) Retention
                                      C) Retrocession
                                      D) Reasonable expectations


                                      3. An existing life insurance policy is sold by the policyowner to help finance the cost of a terminal illness. This is an example of:

                                      A) A viatical settlement
                                      B) A survivorship policy
                                      C) A nonforfeiture option
                                      D) An accelerated death benefit


                                      4. Which contract offers flexible deposits, deferred taxation, a guaranteed minimum interest rate, and death proceeds equal to the cash value?

                                      A) An available deferred annuity
                                      B) A flexible premium fixed annuity
                                      C) A universal life insurance policy
                                      D) An adjustable whole life insurance policy


                                      5. One factor in premium determination is the expenses of the:

                                      A) Policy beneficiary
                                      B) Producer
                                      C) Insurer
                                      D) Policy owner


                                      Solutions:

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

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