Learn with Maryland Insurance Administration : Life-Producer training material for 100% pass

Updated: Sep 14, 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
Certificate Validity Period:2 years
Related Certifications:Maryland Life and Health Producer Combo
Maryland Accident and Health Producer
Passing Score:70%
Exam Duration:120 minutes
Available Languages:English
Real Exam Qty:85
Exam Price:$60 USD
Exam Format:Multiple Choice
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
Insurance Regulation15%- State insurance laws and administration
  • 1. Licensing requirements and authority
    • 2. Regulation of agents and insurers
      • 3. Unfair trade practices
        Life Insurance Policies25%- Policy types and provisions
        • 1. Policy clauses and riders
          • 2. Term, whole life, universal life
            • 3. Beneficiary designations
              Annuities and Retirement Products15%- Types and features
              • 1. Tax-qualified plans
                • 2. Fixed and variable annuities
                  • 3. Distribution options
                    Life Insurance Underwriting and Premiums15%- Risk assessment and pricing
                    • 1. Premium calculation factors
                      • 2. Classification of risks
                        • 3. Underwriting process
                          General Insurance Concepts15%- Fundamental principles
                          • 1. Contract law basics
                            • 2. Insurable interest
                              • 3. Risk and hazard
                                Federal and State Tax Considerations10%- Tax treatment of policies and benefits
                                • 1. Tax-deferred growth
                                  • 2. Income tax implications
                                    • 3. Estate tax aspects

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

                                      Question #1

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

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

                                      Correct Answer: A  🗳️

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                                      Question #2

                                      The annual addition to an employee's account in a qualified retirement plan:

                                      • A. Must be the same dollar amount for every full-time employee
                                      • B. Can be any amount as determined by the employer from year to year
                                      • C. Usually reflects the employee's individual work performance each year
                                      • D. Cannot exceed maximum limits set by the Internal Revenue Service
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

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                                      Question #3

                                      Who normally receives dividends in a stock insurance company?

                                      • A. Shareholders
                                      • B. Only members of the board of directors
                                      • C. Beneficiaries
                                      • D. Producers
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

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                                      Question #4

                                      Which advantage does an employer gain by providing a qualified retirement plan, as contrasted to a non- qualified plan?

                                      • A. It can be designed for the exclusive benefit of several key employees
                                      • B. It is useful in rewarding selected employees for good work performance
                                      • C. The employer's contributions to the plan are tax deductible
                                      • D. The plan funds are available for general business needs
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

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                                      Question #5

                                      An employee with $50,000 group life insurance coverage terminates employment and submits an application WITHOUT the initial premium for a $50,000 conversion policy. If the employee dies 15 days later, the insurer would pay:

                                      • A. $50,000 under the new policy, less the initial premium amount due
                                      • B. $50,000 under the group plan
                                      • C. Nothing at all
                                      • D. $50,000 under the new policy
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

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