Massachusetts Insurance Agent License Exam
updated 2025 with Solutions
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Terms in this set (51)
What are the two Offer and acceptance.
components of an
agreement?
Elements of a legal 1. Agreement 2. Consideration 3. Competent Parties 4.
contract Legal Purpose
Property and Liability Owned by the policy owner. It is a personal contract.
Policy
1. Minors 2. Insane Persons 3. Individuals Under the
Who is not considered to
Influence 4. Person Coerced 5. Enemy Aliens 6.
have legal capacity?
Convict
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