Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo real exam prep : 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 01, 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:

SectionObjectives
Topic 1: Life Insurance- Types of life insurance policies
  • 1. Universal life insurance
    • 2. Whole life insurance
      • 3. Term life insurance
        - Life policy provisions and riders
        Topic 2: Insurance Fundamentals- Basic insurance principles
        - Insurable interest and risk management concepts
        Topic 3: State Insurance Regulations- Unfair trade practices and compliance
        - Producer licensing requirements
        Topic 4: Accident and Health Insurance- Health insurance plans and structures
        - Disability income and medical expense coverage
        Topic 5: Annuities- Accumulation and payout options
        - Annuity types and features
        Topic 6: Federal Regulations and Taxation- Federal insurance-related regulations
        - Tax treatment of insurance products
        Topic 7: Policy Provisions and Options- Beneficiaries and policy ownership
        - Standard policy provisions
        Topic 8: Ethics and Professional Conduct- Ethical responsibilities of insurance producers
        - Consumer protection standards

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

        Question #1

        The amount received for a life insurance policy in a viatical settlement is:

        • A. Greater than the death benefit
        • B. Less than the death benefit
        • C. Equal to the death benefit
        • D. Equal to the sum of all premiums paid
        Reveal Solution  Discussion  0

        Correct Answer: B  🗳️

        Explanation: Only visible for TestkingPass members. You can sign-up / login (it's free).

        Question #2

        Disability income insurance premiums are a deductible expense when the premiums are paid by:

        • A. An employee for group disability income coverage
        • B. A corporation for group disability income coverage for the employees
        • C. A partnership for group disability income coverage for the partners
        • D. An insured for individual disability income coverage
        Reveal Solution  Discussion  0

        Correct Answer: B  🗳️

        Explanation: Only visible for TestkingPass members. You can sign-up / login (it's free).

        Question #3

        Which of the following reinforces the rule that ambiguities in insurance contracts should be interpreted in favor of the policyholder?

        • A. Representation
        • B. Reasonable expectations
        • C. Retrocession
        • D. Retention
        Reveal Solution  Discussion  0

        Correct Answer: B  🗳️

        Explanation: Only visible for TestkingPass members. You can sign-up / login (it's free).

        Question #4

        The nonforfeiture option which permits a policyowner to purchase the same type of policy with the net cash value is the:

        • A. Reduced paid-up insurance option
        • B. Endowment value option
        • C. Extended term insurance option
        • D. Loan value option
        Reveal Solution  Discussion  0

        Correct Answer: A  🗳️

        Explanation: Only visible for TestkingPass members. You can sign-up / login (it's free).

        Question #5

        The Maryland State Benchmark Plan applies to which of the following?

        • A. Medicaid plans sold through the Exchange
        • B. Individual Health Benefit Plans sold through the Exchange
        • C. Medicare supplement plans sold outside the Exchange prior to January 1, 2014
        • D. Individual Health Benefit Plans sold outside the Exchange prior to January 1, 2014
        Reveal Solution  Discussion  0

        Correct Answer: B  🗳️

        Explanation: Only visible for TestkingPass members. You can sign-up / login (it's free).

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