Maryland Insurance Administration Accident-and-Health-or-Sickness-Producer Exam With Confidence Using Practice Dumps

The Maryland Health Benefit Exchange Act (Insurance Article, § 31-101) defines a qualified employer as one with its principal place of business in Maryland for SHOP Exchange eligibility. Premium contributions are optional, and employee work or residency percentages aren’t required.

References:Maryland Insurance Article, § 31-101; MIA SHOP Exchange rules.

Underwriting involves assessing risk by rejecting high-risk applicants, issuing standard policies, or adding exclusion riders for specific conditions. Deleting uniform policy provisions—mandatory clauses like grace periods (Insurance Article, § 15-201)—isn’t an underwriting action, as these are legally required and cannot be altered by underwriters.

References:Maryland Insurance Article, § 15-201 et seq.; MIA underwriting guidelines.

Comprehensive and Detailed Step by Step Explanation:Maryland law mandates that life insurance policies include aclear and concise description of the policyon the first page to ensure transparency and understanding for policyholders.

Legible and brief description (A):Correct. This ensures the buyer can quickly identify key terms and benefits of the policy.

Notary seal (B):Not required for delivering life insurance policies.

Premium coupon book (C):Optional, often replaced with digital billing methods.

Financial statement of the insurer (D):Not required in the policy itself, although insurers must provide financial stability information upon request.

References:Maryland Insurance Article §16-206, COMAR 31.09.04, and Policy Form Filing Standards.