CHAPTER 8B- MASSACHUSETTS LAW
AND RULES PERTINENT TO INSURANCE
EXAM QUESTIONS AND ANSWERS 100%
CORRECT!
, if the commissioner requests access to a producer's business records, the producer -
ANSWER must provide access to the records upon request
group life plans sold in Massachusetts typically contain a conversion option. If the
insured elects this option, the new policy - ANSWER does NOT require evidence of
insurability
a producer's license may only be suspended or revoked if the producer - ANSWER has
been afforded a right to a hearing
How can a group dental insurer discourage adverse selection? - ANSWER limit the
duration of coverage
the ___ is responsible for determining the appropriateness of a Medicare Supplement
policy for an applicant - ANSWER producer
an annuity contract may be returned for a full refund during the - ANSWER free look
period
which of the following does NOT involve a life settlement transaction? - ANSWER
converting term life coverage to whole life insurance
life settlement proceeds may be subject to the claims of - ANSWER creditors
the outline of coverage for Medicare supplement policy provides information about -
ANSWER services, benefits, copayments, deductibles, exclusions, premiums, and the
insurer
which of the following situations would qualify an insured to receive funds from an
accelerated (living) benefit rider? - ANSWER insured is expected to remain in a nursing
home for life
In most dental plans, a deductible typically is NOT applied to - ANSWER preventative
and diagnostic services
which of the following is considered to be an unfair claims settlement practice? -
ANSWER misrepresenting pertinent policy provisions relating to coverage after a loss
which of the following is NOT covered by Massachusetts workers compensation laws? -
ANSWER on-the-job injury that was both intentional and self-inflicted
AND RULES PERTINENT TO INSURANCE
EXAM QUESTIONS AND ANSWERS 100%
CORRECT!
, if the commissioner requests access to a producer's business records, the producer -
ANSWER must provide access to the records upon request
group life plans sold in Massachusetts typically contain a conversion option. If the
insured elects this option, the new policy - ANSWER does NOT require evidence of
insurability
a producer's license may only be suspended or revoked if the producer - ANSWER has
been afforded a right to a hearing
How can a group dental insurer discourage adverse selection? - ANSWER limit the
duration of coverage
the ___ is responsible for determining the appropriateness of a Medicare Supplement
policy for an applicant - ANSWER producer
an annuity contract may be returned for a full refund during the - ANSWER free look
period
which of the following does NOT involve a life settlement transaction? - ANSWER
converting term life coverage to whole life insurance
life settlement proceeds may be subject to the claims of - ANSWER creditors
the outline of coverage for Medicare supplement policy provides information about -
ANSWER services, benefits, copayments, deductibles, exclusions, premiums, and the
insurer
which of the following situations would qualify an insured to receive funds from an
accelerated (living) benefit rider? - ANSWER insured is expected to remain in a nursing
home for life
In most dental plans, a deductible typically is NOT applied to - ANSWER preventative
and diagnostic services
which of the following is considered to be an unfair claims settlement practice? -
ANSWER misrepresenting pertinent policy provisions relating to coverage after a loss
which of the following is NOT covered by Massachusetts workers compensation laws? -
ANSWER on-the-job injury that was both intentional and self-inflicted
