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Updated: Sep 12, 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 Accident and Health Producer
Maryland Life and Health Producer Combo
Certificate Validity Period:2 years
Exam Price:$60 USD
Exam Format:Multiple Choice
Exam Duration:120 minutes
Passing Score:70%
Available Languages:English
Real Exam Qty:85
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
Topic 1: Life Insurance Underwriting and Premiums15%- Risk assessment and pricing
  • 1. Premium calculation factors
    • 2. Classification of risks
      • 3. Underwriting process
        Topic 2: Annuities and Retirement Products15%- Types and features
        • 1. Distribution options
          • 2. Tax-qualified plans
            • 3. Fixed and variable annuities
              Topic 3: General Insurance Concepts15%- Fundamental principles
              • 1. Risk and hazard
                • 2. Insurable interest
                  • 3. Contract law basics
                    Topic 4: Insurance Regulation15%- State insurance laws and administration
                    • 1. Licensing requirements and authority
                      • 2. Regulation of agents and insurers
                        • 3. Unfair trade practices
                          Topic 5: Federal and State Tax Considerations10%- Tax treatment of policies and benefits
                          • 1. Income tax implications
                            • 2. Tax-deferred growth
                              • 3. Estate tax aspects
                                Topic 6: Life Insurance Policies25%- Policy types and provisions
                                • 1. Term, whole life, universal life
                                  • 2. Beneficiary designations
                                    • 3. Policy clauses and riders

                                      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 producer's report to the insurer
                                      • B. Any attending physician's statement
                                      • C. The application attached to the policy
                                      • D. The Medical Information Bureau report
                                      Answer: C

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                                      Question #2

                                      Who normally receives dividends in a stock insurance company?

                                      • A. Shareholders
                                      • B. Only members of the board of directors
                                      • C. Producers
                                      • D. Beneficiaries
                                      Answer: A

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                                      Question #3

                                      The penalty tax incurred for premature distributions from an IRA is:

                                      • A. 10%
                                      • B. 5%
                                      • C. 20%
                                      • D. 50%
                                      Answer: A

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                                      Question #4

                                      To have "an insurable interest" in the life of another person, an individual must have a reasonable expectation of:

                                      • A. Benefiting from the other person's continued life
                                      • B. Gaining economically by the death of the other person
                                      • C. Seeing the other person survive to normal life expectancy
                                      • D. Continuing on good terms with the other person
                                      Answer: A

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                                      Question #5

                                      Who normally receives dividends in a stock insurance company?

                                      • A. Shareholders
                                      • B. Only members of the board of directors
                                      • C. Producers
                                      • D. Beneficiaries
                                      Answer: A

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