Insurance Licensing MarylandAccident and Health or Sickness Producer Series 20-24 Exam Accident-and-Health-or-Sickness-Producer Exam Dumps: Updated Questions & Answers (December 2025)

Insurance (Insurance Article, § 1-101) transfers risk, shares losses, and protects against uncertainty, but it mitigates, not eliminates, risk, which remains inherent.

References:Maryland Insurance Article, § 1-101; MIA insurance basics.

HMOs (Health-General Article, § 19-701) ensure 24/7 access to hospital, emergency, and primary care services. Dental care isn’t a core requirement and isn’t typically available 24/7 unless added separately.

References:Maryland Health-General Article, § 19-701; MIA HMO standards.

Under Insurance Article, § 15-401, coverage for handicapped children extends beyond age limits if they’re incapacitated (unable to work) and dependent on the insured at the age limit. Insurability isn’t required, incapacity alone isn’t enough, and dependency isn’t time-limited to two years.

References:Maryland Insurance Article, § 15-401; MIA dependent coverage rules.

The MIA (Insurance Article, § 10-126) disciplines producers for misrepresentation (§ 27-202, § 27-503), but filing a consumer complaint with the MIA is a legitimate advocacy action, not a disciplinary offense. It supports consumer protection, unlike the other deceptive practices.

References:Maryland Insurance Article, § 10-126, § 27-202, § 27-503; MIA producer regulations.

Commissions (Insurance Article, § 10-103) require a license, but a producer earning a commission while licensed can be paid post-termination. Unlicensed individuals or brokers can’t legally receive commissions.

References:Maryland Insurance Article, § 10-103, § 10-130, § 3-306; MIA commission rules.

Maryland law (Insurance Article, § 15-401) requires coverage for handicapped dependent children beyond standard age limits if they’re incapable of self-sustaining employment and dependent on the insured. This extends for life, or as long as the policy is active, not limited to ages 19 or 25, nor tied to self-sustainability.

References:Maryland Insurance Article, § 15-401; MIA dependent coverage regulations.

Producers hold premiums in a fiduciary capacity (Insurance Article, § 10-126) and must remit them to the insurer or a trust account. Depositing them into a personal account is fraud—specifically misappropriation—violating state law. Twisting, rebating, and replacement involve different unethical acts, not fund misuse.

References:Maryland Insurance Article, § 10-126; MIA producer conduct regulations.

A single policy covering all medical expenses (Insurance Article, § 15-201) is comprehensive, unlike limited (specific), first-dollar (no deductible), or supplemental (add-on) plans.

References:Maryland Insurance Article, § 15-201; MIA major medical standards.

Medical expense insurance covers necessary treatments like hospital stays, maternity care, and diagnostic tests, but excludes elective procedures such as primarily cosmetic surgery unless medically necessary (e.g., reconstructive surgery post-injury). Maryland law (Insurance Article, § 15-103) allows exclusions for non-essential services, aligning with standard practice where aesthetic surgeries like facelifts are not covered.

References:Maryland Insurance Article, § 15-103; MIA guidelines.

Underwriting involves assessing risk by rejecting high-risk applicants, issuing standard policies, or adding exclusion riders for specific conditions. Deleting uniform policy provisions—mandatory clauses like grace periods (Insurance Article, § 15-201)—isn’t an underwriting action, as these are legally required and cannot be altered by underwriters.

References:Maryland Insurance Article, § 15-201 et seq.; MIA underwriting guidelines.