Page 1 of 80
MASSACHUSETTS LIFE AND HEALTH
INSURANCE PRODUCER EXAMINATION –
EXAM PREP GUIDE | LATEST UPDATE 2026/2027 |
PRACTICE QUESTIONS AND ANSWERS
Table of Contents
Insurance Regulation
General Insurance Concepts
Life Insurance Basics
Life Insurance Policies
Life Insurance Policy Provisions, Options, and Riders
Annuities
Health Insurance Basics
Health Insurance Policy Provisions
Massachusetts-Specific Life and Health Regulations
Ethics and Producer Responsibilities
, Page 2 of 80
Question 1: Which Massachusetts statute governs the licensing of insurance
producers?
A) M.G.L. c. 175, § 162G
B) M.G.L. c. 176D
C) M.G.L. c. 175, § 113B
D) M.G.L. c. 176J
Correct Answer: A
M.G.L. c. 175, § 162G governs the licensing of insurance producers in
Massachusetts. Chapter 176D addresses unfair and deceptive insurance practices,
§ 113B addresses rates, and Chapter 176J addresses small group health insurance.
Question 2: A Massachusetts producer's license lapses for 10 months. What must
the producer do to reinstate the license without taking an exam?
A) Pay a double renewal fee
B) Complete 60 CE credits
C) Submit a new application
D) Wait 12 months
Correct Answer: A
A lapsed license under 12 months requires double fees for reinstatement without an
exam. The 12-month rule is a key Massachusetts-specific requirement tested on the
state exam.
Question 3: What is the continuing education requirement for the first renewal of a
Massachusetts life insurance producer license?
A) 12 hours per 2-year renewal
B) 60 credits including 3 ethics credits
, Page 3 of 80
C) 45 credits including 3 ethics credits
D) 30 credits including 2 ethics credits
Correct Answer: B
First renewal requires 60 CE credits, including 3 credits in Ethics. Each
subsequent three-year renewal requires 45 CE credits including 3 Ethics credits.
This is a Massachusetts-specific requirement.
Question 4: Which federal law requires insurers to notify applicants when a
consumer report is used in underwriting?
A) HIPAA
B) Fair Credit Reporting Act
C) Gramm-Leach-Bliley Act
D) USA PATRIOT Act
Correct Answer: B
The Fair Credit Reporting Act (FCRA) requires insurers to notify applicants when
a consumer report is used in underwriting and to provide the applicant with the
name and address of the reporting agency.
Question 5: A Massachusetts producer moves to a new address but fails to notify
the Division of Insurance. What is the consequence?
A) License is automatically revoked
B) License is suspended
C) License becomes inactive
D) A fine may be imposed
, Page 4 of 80
Correct Answer: D
A fine may be imposed for failure to notify the Division of Insurance of an address
change. Under M.G.L. c. 175, § 162M(f), producers must report address changes.
Question 6: Which Massachusetts regulation governs the replacement of life
insurance and annuities?
A) 211 CMR 34.00
B) 211 CMR 96.00
C) 211 CMR 31.00
D) 211 CMR 50.00
Correct Answer: A
211 CMR 34.00 governs the replacement of life insurance and annuities. It requires
producers to provide replacement notices and notify the existing insurer. 211 CMR
96.00 addresses annuity suitability, 211 CMR 31.00 addresses life insurance
solicitation, and 211 CMR 50.00 addresses continuing education.
Question 7: Under Massachusetts law, what is the maximum penalty per violation
for unfair or deceptive insurance practices?
A) $1,000
B) $5,000
C) $10,000
D) $25,000
Correct Answer: B
Under M.G.L. c. 176D, the maximum penalty per violation for unfair or deceptive
insurance practices is $5,000. This is a key Massachusetts-specific enforcement
provision.
MASSACHUSETTS LIFE AND HEALTH
INSURANCE PRODUCER EXAMINATION –
EXAM PREP GUIDE | LATEST UPDATE 2026/2027 |
PRACTICE QUESTIONS AND ANSWERS
Table of Contents
Insurance Regulation
General Insurance Concepts
Life Insurance Basics
Life Insurance Policies
Life Insurance Policy Provisions, Options, and Riders
Annuities
Health Insurance Basics
Health Insurance Policy Provisions
Massachusetts-Specific Life and Health Regulations
Ethics and Producer Responsibilities
, Page 2 of 80
Question 1: Which Massachusetts statute governs the licensing of insurance
producers?
A) M.G.L. c. 175, § 162G
B) M.G.L. c. 176D
C) M.G.L. c. 175, § 113B
D) M.G.L. c. 176J
Correct Answer: A
M.G.L. c. 175, § 162G governs the licensing of insurance producers in
Massachusetts. Chapter 176D addresses unfair and deceptive insurance practices,
§ 113B addresses rates, and Chapter 176J addresses small group health insurance.
Question 2: A Massachusetts producer's license lapses for 10 months. What must
the producer do to reinstate the license without taking an exam?
A) Pay a double renewal fee
B) Complete 60 CE credits
C) Submit a new application
D) Wait 12 months
Correct Answer: A
A lapsed license under 12 months requires double fees for reinstatement without an
exam. The 12-month rule is a key Massachusetts-specific requirement tested on the
state exam.
Question 3: What is the continuing education requirement for the first renewal of a
Massachusetts life insurance producer license?
A) 12 hours per 2-year renewal
B) 60 credits including 3 ethics credits
, Page 3 of 80
C) 45 credits including 3 ethics credits
D) 30 credits including 2 ethics credits
Correct Answer: B
First renewal requires 60 CE credits, including 3 credits in Ethics. Each
subsequent three-year renewal requires 45 CE credits including 3 Ethics credits.
This is a Massachusetts-specific requirement.
Question 4: Which federal law requires insurers to notify applicants when a
consumer report is used in underwriting?
A) HIPAA
B) Fair Credit Reporting Act
C) Gramm-Leach-Bliley Act
D) USA PATRIOT Act
Correct Answer: B
The Fair Credit Reporting Act (FCRA) requires insurers to notify applicants when
a consumer report is used in underwriting and to provide the applicant with the
name and address of the reporting agency.
Question 5: A Massachusetts producer moves to a new address but fails to notify
the Division of Insurance. What is the consequence?
A) License is automatically revoked
B) License is suspended
C) License becomes inactive
D) A fine may be imposed
, Page 4 of 80
Correct Answer: D
A fine may be imposed for failure to notify the Division of Insurance of an address
change. Under M.G.L. c. 175, § 162M(f), producers must report address changes.
Question 6: Which Massachusetts regulation governs the replacement of life
insurance and annuities?
A) 211 CMR 34.00
B) 211 CMR 96.00
C) 211 CMR 31.00
D) 211 CMR 50.00
Correct Answer: A
211 CMR 34.00 governs the replacement of life insurance and annuities. It requires
producers to provide replacement notices and notify the existing insurer. 211 CMR
96.00 addresses annuity suitability, 211 CMR 31.00 addresses life insurance
solicitation, and 211 CMR 50.00 addresses continuing education.
Question 7: Under Massachusetts law, what is the maximum penalty per violation
for unfair or deceptive insurance practices?
A) $1,000
B) $5,000
C) $10,000
D) $25,000
Correct Answer: B
Under M.G.L. c. 176D, the maximum penalty per violation for unfair or deceptive
insurance practices is $5,000. This is a key Massachusetts-specific enforcement
provision.
