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Exam Code: Life-Producer
Exam Name: Maryland Life Producer Exam (Series 20-27)
Vendor: Maryland Insurance Administration

60 Questions & Answers
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NEW QUESTION: 1
What are the benefits of creating a new view using role-based CLI?
A. Operational efficiency
B. Security
C. Availability
D. Scalability
Answer: A,B,C

NEW QUESTION: 2

A. Option A
B. Option C
C. Option D
D. Option B
Answer: C

NEW QUESTION: 3
Which of the following is required by the Economic Growth and Tax Relief Reconciliation Act of 2001?
A. Allows employers to contribute a percentage of company earnings to retirement plans each year
B. Requires employer pension contributions to be funded on a quarterly basis
C. Requires pension plans to account for employee contributions separately from employer contributions
D. Allows employees older than 50 to make catch-up contributions to retirement accounts
Answer: D
Explanation:
Explanation/Reference:
Answer option C is correct.
EGTRRA made changes to pension contribution limits and allows employees older than 50 to make catch- up pension contributions. See Chapter 6 for more information.
Chapter: Compensation and Benefits
Objective: Benefits


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