Maryland Property & Casualty Insurance License Exam — All Questions
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2 questions
Maryland Licensing & CE
After a producer is licensed in Maryland, what must happen before she can transact business for a specific insurer?
- a.The producer must post a surety bond with the state treasurer
- b.Nothing further once the license is issued
- c.The producer must establish residency in the insurer's home state
- d.The insurer must appoint the producer and file the appointment with the Maryland Insurance Administration✓
A license lets a person act as a producer, but to represent a specific company that insurer must appoint the producer, with the appointment filed with the Maryland Insurance Administration. A producer may hold appointments from several insurers at once.
Maryland Licensing & CE
Which best describes continuing education for a Maryland resident P&C producer?
- a.No CE is ever required
- b.CE is required only in the first renewal and never again
- c.CE can be met only by retaking the licensing exam
- d.State-approved continuing education, including an ethics component, is required each renewal period to keep the license active✓
Following the NAIC model, Maryland requires resident producers to complete approved continuing education each renewal cycle, including an ethics portion. The exact hour totals are set by the Maryland Insurance Administration and should be verified before renewal.