MARYLAND PROPERTY & CASUALTY INSURANCE PRACTICE 80 QUESTIONS WITH UPDATE

MARYLAND PROPERTY & CASUALTY INSURANCE PRACTICE 80 QUESTIONS WITH ANSWERS UPDATE
Question :An agent just received his Maryland Life\Health
insurance license. His specialty is selling long-term care
policies. In order to satisfy his continuing education
requirement, he must do which of the following?
Correct answer:Complete 24 hours of continuing education,
including 2 hours of long-term care education, and 3 hours of
ethics, every two years.
Question :All of the following are true regarding rebates
EXCEPT
Correct answer:Rebates are allowed if it's in the best interest
of the client.
Question :Which of the following is an example of a
producer's fiduciary responsibilities?
Correct answer:A producer promptly forwarding premiums
to the insurance company
Question :All of the following would be considered an
insurance transaction EXCEPT

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