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Updated: Sep 11, 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
Related Certifications:Maryland Life and Health Producer Combo
Maryland Accident and Health Producer
Passing Score:70%
Real Exam Qty:85
Certificate Validity Period:2 years
Exam Duration:120 minutes
Exam Price:$60 USD
Exam Format:Multiple Choice
Available Languages:English
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
        Annuities and Retirement Products15%- Types and features
        • 1. Fixed and variable annuities
          • 2. Tax-qualified plans
            • 3. Distribution options
              Federal and State Tax Considerations10%- Tax treatment of policies and benefits
              • 1. Tax-deferred growth
                • 2. Estate tax aspects
                  • 3. Income tax implications
                    Life Insurance Policies25%- Policy types and provisions
                    • 1. Beneficiary designations
                      • 2. Term, whole life, universal life
                        • 3. Policy clauses and riders
                          Life Insurance Underwriting and Premiums15%- Risk assessment and pricing
                          • 1. Premium calculation factors
                            • 2. Underwriting process
                              • 3. Classification of risks
                                General Insurance Concepts15%- Fundamental principles
                                • 1. Insurable interest
                                  • 2. Risk and hazard
                                    • 3. Contract law basics

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

                                      Question #1

                                      The entire contract provision in a life insurance policy states that the policy includes:

                                      • A. The application attached to the policy
                                      • B. The Medical Information Bureau report
                                      • C. Any attending physician's statement
                                      • D. The producer's report to the insurer
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

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                                      Question #2

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

                                      • A. The value of an IRA established by the beneficiary's deceased parent
                                      • B. The proceeds of a life insurance policy paid to a beneficiary under age 70-1/2
                                      • C. The refund received by the beneficiary under a refund life annuity
                                      • D. The amount paid to the spouse of a deceased annuitant under a tax-sheltered annuity
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

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                                      Question #3

                                      A valid contract requires all of the following EXCEPT:

                                      • A. Competent parties
                                      • B. Written evidence
                                      • C. Consideration
                                      • D. Offer and acceptance
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

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                                      Question #4

                                      Which of the following statements about participating life insurance is true?

                                      • A. The insured must be the policyowner.
                                      • B. The insurer must be a stock company.
                                      • C. Policyowners are assessed monthly for losses.
                                      • D. Policyowners may be entitled to receive dividends.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

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                                      Question #5

                                      The purpose of the Life and Health Insurance Guaranty Corporation is to guarantee:

                                      • A. That an insurance company will never fail.
                                      • B. The issuance of life insurance policies.
                                      • C. The issuance of life insurance and health insurance policies.
                                      • D. Benefits if the insurer is unable to pay benefits due to impairment or insolvency.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

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