MASSACHUSETTS LIFE AND
HEALTH INSURANCE EXAM
Minimum age to obtain a producer license - ANSWERS-18
Lapsed Producer licenses may be reinstated within how many years of
the license renewal date - ANSWERS-1 year
How long can a temporary insurance producer license, without
forcing an examination be valid if a licensed producer dies, becomes
disabled, or enters the armed forces of the united states - ANSWERS-
180 days
Public Insurance Adjusters minimum age to obtain a license -
ANSWERS-21
Public adjusters license expires after how many years? - ANSWERS-
3
Public Adjusters Total hours of continuing education - ANSWERS-15
hours
Public adjusters maximum penalty for violations - ANSWERS-
$10,000
,Producer must report a change of legal name or address within how
many days? - ANSWERS-30 days
Producers must report non resident change of legal residence within
how many days? - ANSWERS-30 days
Producers must report criminal acts within how many days? -
ANSWERS-30 days
Producers initial 36 month renewal period requires how much
continuing education? - ANSWERS-60 hours
Producers subsequent 36 month renewal period requires how much
continuing education? - ANSWERS-45 hours
Required ethics hours for producer continuing education -
ANSWERS-15 hours
A commissioner must give how many days advance notice of a
hearing? - ANSWERS-21 Days
Unfair or deceptive trade practices require how much penalty per
violation? - ANSWERS-$1,000
Unfair or deceptive trade practices punitive damages of up to what %
of claim? - ANSWERS-25%
,Penalty for violating a commissioners cease and desist order -
ANSWERS-$10,000
Penalties for intentional violations of privacy statutes- $ per violation
- ANSWERS-$1,000
Penalties for intentional violations of privacy statutes- $ Maximum
for an insurance representative - ANSWERS-$10,000
Penalties for intentional violations of privacy statutes- $ Maximum
for an insurance institution or support organization - ANSWERS-
$50,000
How often will the commissioner conduct an examination of every
domestic company? - ANSWERS-At least every 5 years
Rates must be filed with the commissioner how many days before
their effective day? - ANSWERS-15 days
Producer appointment- How many days to file notice of appointment
after the agency contract is executed or the first insurance application
is submitted - ANSWERS-15 days
Producer termination- Commissioner must be notified within how
many days after termination date - ANSWERS-30 days
, producer termination- producer must receive notice within how many
days after notifying the commissioner - ANSWERS-15 days
(Guaranteed Association) Maximum benefits for any one life- Life
insurance death benefits - ANSWERS-$300,000
(Guaranteed Association) Maximum benefits for any one life- Life
insurance cash values - ANSWERS-$100,000
(Guaranteed Association) Maximum benefits for any one life- Present
value on annuity benefits - ANSWERS-$250,000
(Guaranteed Association) Maximum benefits for any one life- Basic
hospital, medical, and surgical insurance or major medical insurance
benefits - ANSWERS-$500,000
(Guaranteed Association) Maximum benefits for any one life-
Disability insurance benefits - ANSWERS-$300,000
(Guaranteed Association) Maximum benefits for any one life- Long
Term Care insurance benefits - ANSWERS-$300,000
(Guaranteed Association) Maximum benefits for any one life- Other
health insurance benefits - ANSWERS-$100,000
HEALTH INSURANCE EXAM
Minimum age to obtain a producer license - ANSWERS-18
Lapsed Producer licenses may be reinstated within how many years of
the license renewal date - ANSWERS-1 year
How long can a temporary insurance producer license, without
forcing an examination be valid if a licensed producer dies, becomes
disabled, or enters the armed forces of the united states - ANSWERS-
180 days
Public Insurance Adjusters minimum age to obtain a license -
ANSWERS-21
Public adjusters license expires after how many years? - ANSWERS-
3
Public Adjusters Total hours of continuing education - ANSWERS-15
hours
Public adjusters maximum penalty for violations - ANSWERS-
$10,000
,Producer must report a change of legal name or address within how
many days? - ANSWERS-30 days
Producers must report non resident change of legal residence within
how many days? - ANSWERS-30 days
Producers must report criminal acts within how many days? -
ANSWERS-30 days
Producers initial 36 month renewal period requires how much
continuing education? - ANSWERS-60 hours
Producers subsequent 36 month renewal period requires how much
continuing education? - ANSWERS-45 hours
Required ethics hours for producer continuing education -
ANSWERS-15 hours
A commissioner must give how many days advance notice of a
hearing? - ANSWERS-21 Days
Unfair or deceptive trade practices require how much penalty per
violation? - ANSWERS-$1,000
Unfair or deceptive trade practices punitive damages of up to what %
of claim? - ANSWERS-25%
,Penalty for violating a commissioners cease and desist order -
ANSWERS-$10,000
Penalties for intentional violations of privacy statutes- $ per violation
- ANSWERS-$1,000
Penalties for intentional violations of privacy statutes- $ Maximum
for an insurance representative - ANSWERS-$10,000
Penalties for intentional violations of privacy statutes- $ Maximum
for an insurance institution or support organization - ANSWERS-
$50,000
How often will the commissioner conduct an examination of every
domestic company? - ANSWERS-At least every 5 years
Rates must be filed with the commissioner how many days before
their effective day? - ANSWERS-15 days
Producer appointment- How many days to file notice of appointment
after the agency contract is executed or the first insurance application
is submitted - ANSWERS-15 days
Producer termination- Commissioner must be notified within how
many days after termination date - ANSWERS-30 days
, producer termination- producer must receive notice within how many
days after notifying the commissioner - ANSWERS-15 days
(Guaranteed Association) Maximum benefits for any one life- Life
insurance death benefits - ANSWERS-$300,000
(Guaranteed Association) Maximum benefits for any one life- Life
insurance cash values - ANSWERS-$100,000
(Guaranteed Association) Maximum benefits for any one life- Present
value on annuity benefits - ANSWERS-$250,000
(Guaranteed Association) Maximum benefits for any one life- Basic
hospital, medical, and surgical insurance or major medical insurance
benefits - ANSWERS-$500,000
(Guaranteed Association) Maximum benefits for any one life-
Disability insurance benefits - ANSWERS-$300,000
(Guaranteed Association) Maximum benefits for any one life- Long
Term Care insurance benefits - ANSWERS-$300,000
(Guaranteed Association) Maximum benefits for any one life- Other
health insurance benefits - ANSWERS-$100,000
