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Life-Producer dumps questions answers

Insurance Licensing Life-Producer Dumps

Exam Code:
Life-Producer
Exam Name:
Maryland Life Producer Exam (Series 20-27)
Last Update: Dec 7, 2025
90 Questions with Explanation
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Maryland Life Producer Exam (Series 20-27) Questions and Answers

Questions 1

An insurable interest in each other's lives may exist in the absence of an economic interest when the individuals are:

Options:

A.

Competitors

B.

Business associates

C.

Marriage partners

D.

Traveling companions

Questions 2

Which amount may be deposited into a rollover individual retirement account (IRA) for the purpose of deferring income taxes?

Options:

A.

The proceeds of a life insurance policy paid to a beneficiary under age 70-1/2

B.

The refund received by the beneficiary under a refund life annuity

C.

The amount paid to the spouse of a deceased annuitant under a tax-sheltered annuity

D.

The value of an IRA established by the beneficiary’s deceased parent

Questions 3

A policy of life insurance may NOT be delivered unless the policy has a:

Options:

A.

Legible and brief description of the policy on the first page

B.

Notary seal

C.

Premium coupon book

D.

Financial statement of the life insurance company