Massachusetts Life Insurance Producer
Questions Solved 100% Correct
a fine of not more than 1000 and imprisonment for not more than 6 month
identifies the penalties for
misrepresentation
A licensee must provide a notice about privacy policies and practicies
to individuals no later than when the licensee establishes a customer relationship
which of the following is NOT eligible to obtain temporary producers license?
the employees of a producer who is taking an extended leave of absence
an applicant for insurance who knowingly shares a producers commission in return
for purchasing a policy is guilty of
rebating
insureds of an insolvent insurer who sustain a loss in MA may have their claim paid by
the MA Life and Health insurance Guaranty Association
pointing out to a perspective client that the life insurance policy you are presenting
is covered by the MA Health Insurance and Guaranty Association is
prohibited by law
all of the following statements are correct regarding the MA CE requirement except
The requirements do not apply to persons licensed to sell variable contracts
, if the commissioner finds that an individual is impersonating a producer, the
violater may be assessed which of the policy penalties?
a $100 fine
a producer doing business under an assumed name must notify the commissioner
within 30 days
an advisers license renews every
three years
an individual who violates a cease and desist order issued by the commissioner will
be subject to a fine of
10,000
when an insurer appoints a producer as its agent, the commissioner must be notified
within 15 days
the federal regulation that permits an applicant for insurance coverage to dispute
any adverse information that surfaces on a credit report is known as the
fair credit reporting act
an insurance producer earning 55 CEU credits during his second license renewal period
may carry 10 credits over to their next renewal period
a person who commits a deceptive act or practice may be fined not more than
1000
accelerated benefits provided by a life insurance policy that may provide benefits to
pay for long-term care services
Questions Solved 100% Correct
a fine of not more than 1000 and imprisonment for not more than 6 month
identifies the penalties for
misrepresentation
A licensee must provide a notice about privacy policies and practicies
to individuals no later than when the licensee establishes a customer relationship
which of the following is NOT eligible to obtain temporary producers license?
the employees of a producer who is taking an extended leave of absence
an applicant for insurance who knowingly shares a producers commission in return
for purchasing a policy is guilty of
rebating
insureds of an insolvent insurer who sustain a loss in MA may have their claim paid by
the MA Life and Health insurance Guaranty Association
pointing out to a perspective client that the life insurance policy you are presenting
is covered by the MA Health Insurance and Guaranty Association is
prohibited by law
all of the following statements are correct regarding the MA CE requirement except
The requirements do not apply to persons licensed to sell variable contracts
, if the commissioner finds that an individual is impersonating a producer, the
violater may be assessed which of the policy penalties?
a $100 fine
a producer doing business under an assumed name must notify the commissioner
within 30 days
an advisers license renews every
three years
an individual who violates a cease and desist order issued by the commissioner will
be subject to a fine of
10,000
when an insurer appoints a producer as its agent, the commissioner must be notified
within 15 days
the federal regulation that permits an applicant for insurance coverage to dispute
any adverse information that surfaces on a credit report is known as the
fair credit reporting act
an insurance producer earning 55 CEU credits during his second license renewal period
may carry 10 credits over to their next renewal period
a person who commits a deceptive act or practice may be fined not more than
1000
accelerated benefits provided by a life insurance policy that may provide benefits to
pay for long-term care services
