MASSACHUSETTS LAWS AND RULES
EXAM QUESTIONS AND ANSWERS 100%
CORRECT!!
, A life insurance policy can be backdated before the application date for up to -
ANSWER Six months
Which statement is true regarding Massachusetts continuing education requirements for
license producers? - ANSWER A producer must meet specified course requirements
within a three-year period
Which of the following individuals is eligible to receive a temporary producer license? -
ANSWER An appointed employee who is replacing a deceased producer
Which of the following is NOT the responsibility of an insurer? - ANSWER Assuming
liability for a producer's unauthorized acts
Notice of information practices must be given to a policyholder at LEAST every
_____years(s) - ANSWER Three
Group life plan sold in Massachusetts typically contain a conversion option. If the
insured elects the option, the new policy - ANSWER Does not require evidence of
insurability
A producers license in Massachusetts must be renewed every; - ANSWER Three years
A life insurance policy holder has been diagnosed with a terminal illness. Which of the
following is off doing payable to a policy owner who is life expectancy is substantially
reduced due to illness? - ANSWER Accelerated (living) benefit. It's often payable to a
life insurance policy holder when a medical condition drastically limit is the insured's life
expectancy
After the first three years of licensure, a producer must complete ....credit hours of a
continuing education for each licensing. - ANSWER 45
Which of the following is considered an activity of a daily living when determining an
accelerated life insurance benefit? - ANSWER Eating. To qualify for an accelerated
insurance benefit, An individual must be unable to perform at least two activities of daily
living.
EXAM QUESTIONS AND ANSWERS 100%
CORRECT!!
, A life insurance policy can be backdated before the application date for up to -
ANSWER Six months
Which statement is true regarding Massachusetts continuing education requirements for
license producers? - ANSWER A producer must meet specified course requirements
within a three-year period
Which of the following individuals is eligible to receive a temporary producer license? -
ANSWER An appointed employee who is replacing a deceased producer
Which of the following is NOT the responsibility of an insurer? - ANSWER Assuming
liability for a producer's unauthorized acts
Notice of information practices must be given to a policyholder at LEAST every
_____years(s) - ANSWER Three
Group life plan sold in Massachusetts typically contain a conversion option. If the
insured elects the option, the new policy - ANSWER Does not require evidence of
insurability
A producers license in Massachusetts must be renewed every; - ANSWER Three years
A life insurance policy holder has been diagnosed with a terminal illness. Which of the
following is off doing payable to a policy owner who is life expectancy is substantially
reduced due to illness? - ANSWER Accelerated (living) benefit. It's often payable to a
life insurance policy holder when a medical condition drastically limit is the insured's life
expectancy
After the first three years of licensure, a producer must complete ....credit hours of a
continuing education for each licensing. - ANSWER 45
Which of the following is considered an activity of a daily living when determining an
accelerated life insurance benefit? - ANSWER Eating. To qualify for an accelerated
insurance benefit, An individual must be unable to perform at least two activities of daily
living.
