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  • Total Questions: 85
  • Updated on: Oct 25, 2026
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Life-Producer PDF Practice Q&A's

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  • Total Questions: 85
  • Updated on: Oct 25, 2026
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  • Total Questions: 85
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In 2026, preparing for the Life-Producer exam does not require blocking out your evenings for months. ITCertMagic supports self-paced study with 85 practice questions available the moment you have time — plus a written refund policy for candidates who sit the exam within 60 days and do not pass.

Maryland Insurance Administration Life-Producer Exam Overview:

Certification Vendor:Maryland Insurance Administration
Exam Name:Maryland Life Insurance Producer Examination (Life Producer)
Exam Number:Series 20-27
Related Certifications:Maryland Health Insurance Producer License
Maryland Property & Casualty Producer License
Available Languages:English
Exam Format:Multiple-choice
Recommended Training:Maryland Insurance Pre-Licensing Education Providers (State-approved list)
PSI Exam Candidate Information Bulletin
Exam Registration:Maryland Insurance Administration Licensing Information
PSI Maryland Insurance Licensing Exam Registration
Sample Questions: DOWNLOAD DEMO
Exam Way:Computer-based testing at authorized PSI testing centers (and/or approved remote proctoring depending on PSI availability in Maryland).
Pre Condition:Completion of state-approved pre-licensing education course required before exam registration.
Official Syllabus URL:https://insurance.maryland.gov

Maryland Insurance Administration Life-Producer Exam Syllabus Topics:

SectionObjectives
Policy Provisions and Riders- Common riders
  • 1. Accidental death benefit
    • 2. Living benefits riders
      • 3. Waiver of premium
        - Life insurance policy clauses
        • 1. Incontestability clause
          • 2. Suicide clause
            • 3. Grace period
              Life Insurance Products- Term life insurance
              • 1. Level term, decreasing term
                - Permanent life insurance
                • 1. Universal life
                  • 2. Variable life
                    • 3. Whole life
                      - Annuities
                      • 1. Immediate and deferred annuities
                        • 2. Fixed and variable annuities
                          State Regulation (Maryland Insurance Law)- Ethics and conduct
                          • 1. Misrepresentation rules
                            • 2. Unfair trade practices
                              - Producer licensing requirements
                              • 1. License application process
                                • 2. Pre-licensing education requirements
                                  Insurance Fundamentals- Insurance concepts
                                  • 1. Insurable interest
                                    • 2. Utmost good faith
                                      - Risk management principles
                                      • 1. Pure vs speculative risk
                                        • 2. Methods of handling risk (avoidance, retention, transfer)

                                          Life-Producer Exam: Frequently Asked Questions

                                          The official Maryland Insurance Administration pages publish the current question count and time limit; confirm them before your test date.

                                          ITCertMagic offers a full refund if you take the Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) exam within 60 days of purchase and do not pass. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Claims require a scan of your enrollment slip and the official Score Report PDF, submitted within 2 days of the exam, and are processed within 7 days. An alternative is available too: exchange for two free exam products of equal value and keep your original update service. Orders arrive by email within 1 minute — contact support if nothing shows up within 2 hours.

                                          Completion of state-approved pre-licensing education course required before exam registration. Since requirements can change, verify the current rules on the official Maryland Insurance Administration exam page before scheduling.

                                          The official Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) outline organizes the exam into 4 domains. The three largest are Policy Provisions and Riders, State Regulation (Maryland Insurance Law), and Life Insurance Products. See the full list in the topics section above — the 85 practice questions at ITCertMagic address every domain there.

                                          The Life-Producer exam is a Maryland Insurance Administration certification exam that measures the skills defined in the Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) syllabus shown above. It feeds into these credential paths: Maryland Property & Casualty Producer License, Maryland Health Insurance Producer License. Candidates range from students to seasoned professionals, and the material at ITCertMagic reflects that — 85 practice questions written in accessible language, with verified answers, in PDF, Desktop Test Engine, and Online Test Engine formats.

                                          Yes — Maryland Insurance Administration lists these recommended resources for the Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) exam:

                                          After the coursework, reinforce it with the 85 practice questions from ITCertMagic — self-paced, so you can use them whenever your schedule allows.

                                          Fees and passing scores are set by Maryland Insurance Administration and published on its official site; verify the current figures before registering.

                                          Computer-based testing at authorized PSI testing centers (and/or approved remote proctoring depending on PSI availability in Maryland). Book the Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) exam through these official channels:

                                          After booking, the ITCertMagic practice questions — delivered by email within 1 minute of purchase — let you start preparing the same day.

                                          The complete Maryland Insurance Administration Maryland Life Producer Exam (Series 20-27) preparation set: 85 practice questions in three formats — a printable, expert-prepared PDF with instant download; a Desktop Test Engine for Windows with two practice modes and offline access that simulates the real exam; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS, with test history and performance review. A free demo lets you sample everything first, updates are free for 365 days, renewal afterward costs 50% of the standard price, and installations are unlimited.

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

                                          The beneficiary of a life insurance policy is the:

                                          • A. Person or entity who has ownership interest in the policy
                                          • B. Insurer that issues the policy
                                          • C. Person or entity designated in the policy to receive the death proceeds
                                          • D. Owner of the cash value fund
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

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

                                          Which advantage does an employer gain by providing a qualified retirement plan, as contrasted to a non- qualified plan?

                                          • A. The employer's contributions to the plan are tax deductible
                                          • B. It can be designed for the exclusive benefit of several key employees
                                          • C. The plan funds are available for general business needs
                                          • D. It is useful in rewarding selected employees for good work performance
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A  🗳️

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

                                          Which one of the following causes of death typically would be included under an accidental death rider attached to a life insurance policy?

                                          • A. War or acts of war
                                          • B. Illness or disease
                                          • C. Automobile accidents resulting from the insured's negligence
                                          • D. Intentionally self-inflicted injuries
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

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

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

                                          • A. Pay for college tuition and books
                                          • B. Pay off an existing mortgage
                                          • C. Provide retirement income
                                          • D. Cover the cost of unexpected expenses
                                          Reveal Solution  Discussion  0

                                          Correct Answer: D  🗳️

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

                                          Which contract offers flexible deposits, deferred taxation, a guaranteed minimum interest rate, and death proceeds equal to the cash value?

                                          • A. A universal life insurance policy
                                          • B. Available deferred annuity
                                          • C. A flexible premium fixed annuity
                                          • D. An adjustable whole life insurance policy
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

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

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