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Updated: Aug 24, 2026

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Maryland Insurance Administration Life-Producer Exam Overview:

Certification Vendor:Maryland Insurance Administration
Exam Name:Maryland Life Insurance Producer Examination (Life Producer)
Exam Number:Series 20-27
Related Certifications:Maryland Property & Casualty Producer License
Maryland Health Insurance Producer License
Exam Format:Multiple-choice
Available Languages:English
Recommended Training:PSI Exam Candidate Information Bulletin
Maryland Insurance Pre-Licensing Education Providers (State-approved list)
Exam Registration:PSI Maryland Insurance Licensing Exam Registration
Maryland Insurance Administration Licensing Information
Sample Questions:Maryland Insurance Administration Life-Producer Sample Questions
Exam Way:Computer-based testing at authorized PSI testing centers (and/or approved remote proctoring depending on PSI availability in Maryland).
Pre Condition:Completion of state-approved pre-licensing education course required before exam registration.
Official Syllabus URL:https://insurance.maryland.gov

Maryland Insurance Administration Life-Producer Exam Syllabus Topics:

SectionObjectives
Life Insurance Products- Permanent life insurance
  • 1. Variable life
    • 2. Whole life
      • 3. Universal life
        - Annuities
        • 1. Fixed and variable annuities
          • 2. Immediate and deferred annuities
            - Term life insurance
            • 1. Level term, decreasing term
              State Regulation (Maryland Insurance Law)- Producer licensing requirements
              • 1. Pre-licensing education requirements
                • 2. License application process
                  - Ethics and conduct
                  • 1. Unfair trade practices
                    • 2. Misrepresentation rules
                      Policy Provisions and Riders- Life insurance policy clauses
                      • 1. Suicide clause
                        • 2. Grace period
                          • 3. Incontestability clause
                            - Common riders
                            • 1. Waiver of premium
                              • 2. Living benefits riders
                                • 3. Accidental death benefit
                                  Insurance Fundamentals- Risk management principles
                                  • 1. Methods of handling risk (avoidance, retention, transfer)
                                    • 2. Pure vs speculative risk
                                      - Insurance concepts
                                      • 1. Insurable interest
                                        • 2. Utmost good faith

                                          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) A term insurance policy and an annuity
                                          C) A mutual fund and a whole life insurance policy
                                          D) An endowment policy and an interest-sensitive deposit fund


                                          2. A refusal to do business with a particular individual or business is known as:

                                          A) An injunction
                                          B) An estoppel
                                          C) A binder
                                          D) A boycott


                                          3. An individual life insurance policy may include coverage for all of the following EXCEPT:

                                          A) Long-term care
                                          B) Burial
                                          C) Disability
                                          D) Workers' compensation


                                          4. The qualified first-time homebuyer distribution available in IRAs has a maximum lifetime limit per participant of:

                                          A) $10,000
                                          B) $2,000
                                          C) $20,000
                                          D) $5,000


                                          5. Which one of the following causes of death typically would be included under an accidental death rider attached to a life insurance policy?

                                          A) Intentionally self-inflicted injuries
                                          B) War or acts of war
                                          C) Automobile accidents resulting from the insured's negligence
                                          D) Illness or disease


                                          Solutions:

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

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