Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Questions : Life and Accident and Health or Sickness Producer - Combo Series 20-30

  • Exam Code: Life-and-Accident-and-Health-or-Sickness-Producer-Combo
  • Exam Name: Life and Accident and Health or Sickness Producer - Combo Series 20-30
  • Updated: Oct 04, 2026
  • Q&As: 265 Questions and Answers

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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:

SectionWeightObjectives
Life Insurance Basics and Policies25%- Beneficiaries, claims, and settlement options
- Policy provisions, riders, and options
- Types of life insurance: term, whole, universal, variable
Insurance Regulation30%- Licensing requirements and procedures
- Ethics, unfair trade practices, and consumer protection
- State insurance laws and Maryland regulations
- Policy delivery, replacement rules, and disclosure
Accident and Health / Sickness Insurance20%- HMO, PPO, group vs individual coverage
- Health insurance basics and policy provisions
- Disability income, medical expense, and long-term care
- Mandatory benefits and state-specific health rules
General Insurance Concepts15%- Underwriting, premium calculation, and taxation
- Contract law and principles
- Insurable interest and risk management
Annuities and Retirement Products10%- Tax treatment and suitability standards
- Fixed, indexed, and variable annuities

Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:

Question #1

(All of the following are advantages of whole life insurance EXCEPT:)

  • A. Policy loans may be available.
  • B. Long-term protection is provided.
  • C. The initial cost of coverage is lower than for an equivalent amount of term insurance.
  • D. There is a cash value if the policy is terminated after a sufficient period of time.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

In determining the payment of accelerated life insurance benefits, all of the following are considered activities of daily living EXCEPT:

  • A. Bathing
  • B. Speaking
  • C. Dressing
  • D. Eating
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

A transaction in which an existing annuity contract is terminated and a new one is issued is called:

  • A. Conversion
  • B. Continuation
  • C. Reinstatement
  • D. Replacement
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

A nonprofit health service plan may NOT issue a contract that covers which of the following types of benefits?

  • A. Vision benefits
  • B. Disability income benefits
  • C. Dental benefits
  • D. Medical expense benefits
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

Which concept states that the insured is entitled to the coverage under a policy that a sensible and prudent buyer would expect it to provide?

  • A. Subrogation
  • B. Comity
  • C. Indemnity
  • D. Reasonable expectations
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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