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Updated: Jul 26, 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
Certificate Validity Period:2 years
Related Certifications:Maryland Accident and Health Producer
Maryland Life and Health Producer Combo
Passing Score:70%
Exam Format:Multiple Choice
Exam Duration:120 minutes
Exam Price:$60 USD
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
General Insurance Concepts15%- Fundamental principles
  • 1. Risk and hazard
    • 2. Insurable interest
      • 3. Contract law basics
        Life Insurance Underwriting and Premiums15%- Risk assessment and pricing
        • 1. Premium calculation factors
          • 2. Classification of risks
            • 3. Underwriting process
              Annuities and Retirement Products15%- Types and features
              • 1. Distribution options
                • 2. Tax-qualified plans
                  • 3. Fixed and variable annuities
                    Life Insurance Policies25%- Policy types and provisions
                    • 1. Policy clauses and riders
                      • 2. Term, whole life, universal life
                        • 3. Beneficiary designations
                          Federal and State Tax Considerations10%- Tax treatment of policies and benefits
                          • 1. Income tax implications
                            • 2. Tax-deferred growth
                              • 3. Estate tax aspects
                                Insurance Regulation15%- State insurance laws and administration
                                • 1. Licensing requirements and authority
                                  • 2. Regulation of agents and insurers
                                    • 3. Unfair trade practices

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

                                      1. A group policy may be issued to a labor union. The members eligible for insurance under the policy shall be:

                                      A) All of the members of the union
                                      B) Healthy members of the union
                                      C) Members of any union
                                      D) Only members of the union who are under the age of 65


                                      2. The needs approach to personal life insurance planning includes the creation of an emergency reserve fund.
                                      This fund is designed primarily to:

                                      A) Cover the cost of unexpected expenses
                                      B) Pay off an existing mortgage
                                      C) Pay for college tuition and books
                                      D) Provide retirement income


                                      3. The free-look period provided in a life insurance policy is usually:

                                      A) 31 days
                                      B) 60 days
                                      C) 45 days
                                      D) 10 days


                                      4. A transaction in which a new life insurance policy is purchased, and an existing life insurance policy is surrendered is called:

                                      A) Rollover
                                      B) Replacement
                                      C) Nonforfeiture
                                      D) Reinvestment


                                      5. A universal life insurance policy can be described most accurately as a combination of:

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


                                      Solutions:

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

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                                      Frequently Asked Questions

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                                      Test Engine: Life-Producer study test engine can be downloaded and run on your own devices. Practice the test on the interactive & simulated environment.
                                      PDF (duplicate of the test engine): the contents are the same as the test engine, support printing.

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                                      Online Test Engine can supports Windows / Mac / Android / iOS, etc., because it is the software based on WEB browser. You can use it on any electronic device and practice with self-paced.
                                      Online Test Engine supports offline practice, while the precondition is that you should run it with the internet at the first time.
                                      Self Test Engine is suitable for windows operating system, running on the Java environment, and can install on multiple computers.
                                      PDF Version: can be read under the Adobe reader, or many other free readers, including OpenOffice, Foxit Reader and Google Docs.

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                                      Once download and installed on your PC, you can practice Life-Producer test questions, review your questions & answers using two different options 'practice exam' and 'virtual exam'.
                                      Virtual Exam - test yourself with exam questions with a time limit.
                                      Practice Exam - review exam questions one by one, see correct answers.

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