MA CHAPTER EXAM - LAWS AND RULES
QUESTIONS AND ANSWERS 100%
CORRECT!!
,Before soliciting applications for an insurer, a producer must secure a(n) -ANSWER
appointment
In Massachusetts, at least _______ employees(s) is (are) needed for a small employer
medical expense plan. -ANSWER 1
But no more than 50
The superintendent must be notified by the insurer within _____ days of a producer's
appointment -ANSWER 15
According to the affordable care act (Aca), dependent children may remain on their
parent's plan until what age? -ANSWER Age 26.
Under the Affordable Care Act (ACA), parents can insure their dependent adult children
up to their 26th birthday.
Prepaid dental plans differ from most other types of dental plans in what way? -
ANSWER Closed panel of dentists can only be used
In Massachusetts, false advertising is an example of -ANSWER Misrepresentation
Which of these is typically regarded as a major treatment in an indemnity dental plan? -
ANSWER dentures
What is the primary reason for the superintendent's examination of a producer's
insurance records? -ANSWER To determine compliance with state insurance laws and
regulations
The __________ is responsible for determining the appropriateness of a Medicare
supplement policy for an applicant. -ANSWER producer
A producer has indicated to a potential client that the proposed life insurance policy is
covered by the Massachusetts life and health insurance guaranty association. This
action taken by the producer is -ANSWER prohibited by law
Which of the following is NOT required for the renewal of a producer's license? -
ANSWER Appointment by an insurer
, What is a likely penalty for a producer proven guilty of an unfair method of competition?
-ANSWER License suspension or revocation
The outline of coverage for a Medicare supplement policy provides information about -
ANSWER services, benefits, copayments, deductibles, exclusions, premiums, and the
insurer
A Massachusetts residential producer has been convicted of a felony. Under which
circumstance may this producer resume engaging in insurance transactions? -
ANSWER After the commissioner gives written consent
A(n) ________ insurance writes business in a state other than the one in which it is
domiciled. -ANSWER Foreign
What is a Life Insurance producer authorized to do? -ANSWER Solicit, receive and
forward applications to the insurer
All of these are considered to be a violation of the federal fraud and false statements act
except -ANSWER Claims reimbursement
A prospective client was intimidated by a producer to purchase an insurance contract.
The producer could be found guilty of -ANSWER coercion
Any agreement that unreasonably restrained the business of insurance is a violation of
which unfair trade practice? -ANSWER Boycott, coercion and intimidation
After the first 3 years of licensure, a producer must complete ___ credit hours of
continuing education for each licensing period. -ANSWER 45
Which of the following is covered by a basic dental indemnity plan -ANSWER Non-
surgical periodontal treatment
All of the following are covered under most dental plans except for -ANSWER mouth
cancer
An insurer may not refuse the renewal of a small employer health insurance plan
because of -ANSWER overuse of medical services
A pre-existing conditions limitation may not exceed _________ months in all long-term
care policies sold in Massachusetts. -ANSWER 6
QUESTIONS AND ANSWERS 100%
CORRECT!!
,Before soliciting applications for an insurer, a producer must secure a(n) -ANSWER
appointment
In Massachusetts, at least _______ employees(s) is (are) needed for a small employer
medical expense plan. -ANSWER 1
But no more than 50
The superintendent must be notified by the insurer within _____ days of a producer's
appointment -ANSWER 15
According to the affordable care act (Aca), dependent children may remain on their
parent's plan until what age? -ANSWER Age 26.
Under the Affordable Care Act (ACA), parents can insure their dependent adult children
up to their 26th birthday.
Prepaid dental plans differ from most other types of dental plans in what way? -
ANSWER Closed panel of dentists can only be used
In Massachusetts, false advertising is an example of -ANSWER Misrepresentation
Which of these is typically regarded as a major treatment in an indemnity dental plan? -
ANSWER dentures
What is the primary reason for the superintendent's examination of a producer's
insurance records? -ANSWER To determine compliance with state insurance laws and
regulations
The __________ is responsible for determining the appropriateness of a Medicare
supplement policy for an applicant. -ANSWER producer
A producer has indicated to a potential client that the proposed life insurance policy is
covered by the Massachusetts life and health insurance guaranty association. This
action taken by the producer is -ANSWER prohibited by law
Which of the following is NOT required for the renewal of a producer's license? -
ANSWER Appointment by an insurer
, What is a likely penalty for a producer proven guilty of an unfair method of competition?
-ANSWER License suspension or revocation
The outline of coverage for a Medicare supplement policy provides information about -
ANSWER services, benefits, copayments, deductibles, exclusions, premiums, and the
insurer
A Massachusetts residential producer has been convicted of a felony. Under which
circumstance may this producer resume engaging in insurance transactions? -
ANSWER After the commissioner gives written consent
A(n) ________ insurance writes business in a state other than the one in which it is
domiciled. -ANSWER Foreign
What is a Life Insurance producer authorized to do? -ANSWER Solicit, receive and
forward applications to the insurer
All of these are considered to be a violation of the federal fraud and false statements act
except -ANSWER Claims reimbursement
A prospective client was intimidated by a producer to purchase an insurance contract.
The producer could be found guilty of -ANSWER coercion
Any agreement that unreasonably restrained the business of insurance is a violation of
which unfair trade practice? -ANSWER Boycott, coercion and intimidation
After the first 3 years of licensure, a producer must complete ___ credit hours of
continuing education for each licensing period. -ANSWER 45
Which of the following is covered by a basic dental indemnity plan -ANSWER Non-
surgical periodontal treatment
All of the following are covered under most dental plans except for -ANSWER mouth
cancer
An insurer may not refuse the renewal of a small employer health insurance plan
because of -ANSWER overuse of medical services
A pre-existing conditions limitation may not exceed _________ months in all long-term
care policies sold in Massachusetts. -ANSWER 6
