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

Updated: Jul 28, 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 Accident and Health Producer
Maryland Life and Health Producer Combo
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
Annuities and Retirement Products15%- Types and features
  • 1. Tax-qualified plans
    • 2. Fixed and variable annuities
      • 3. Distribution options
        Life Insurance Policies25%- Policy types and provisions
        • 1. Policy clauses and riders
          • 2. Term, whole life, universal life
            • 3. Beneficiary designations
              Federal and State Tax Considerations10%- Tax treatment of policies and benefits
              • 1. Tax-deferred growth
                • 2. Income tax implications
                  • 3. Estate tax aspects
                    General Insurance Concepts15%- Fundamental principles
                    • 1. Contract law basics
                      • 2. Insurable interest
                        • 3. Risk and hazard
                          Insurance Regulation15%- State insurance laws and administration
                          • 1. Licensing requirements and authority
                            • 2. Regulation of agents and insurers
                              • 3. Unfair trade practices
                                Life Insurance Underwriting and Premiums15%- Risk assessment and pricing
                                • 1. Premium calculation factors
                                  • 2. Classification of risks
                                    • 3. Underwriting process

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

                                      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


                                      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


                                      3. Who normally receives dividends in a stock insurance company?

                                      A) Shareholders
                                      B) Only members of the board of directors
                                      C) Beneficiaries
                                      D) Producers


                                      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


                                      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


                                      Solutions:

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

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