Massachusetts requires that resident insurance producers include ethics training in their continuing education. How many ethics credit hours must be included in each continuing education cycle?
A. One hour of ethics training
B. Two hours of ethics training
C. Five hours of ethics training
D. Three hours of ethics training
Source: M.G.L. c. 175, § 162M
Under Massachusetts General Law Chapter 175, Section 132, how long must a life insurance policy remain in force during the lifetime of the insured before it becomes incontestable as to statements contained in the application?
A. After two years
B. After six months
C. After one year
D. After five years
Source: M.G.L. c. 175, § 132
According to Massachusetts General Law Chapter 175, Section 123, when an insured requests to change the beneficiary designation on a life insurance policy, what must occur?
A. The change may be submitted verbally and recorded by the insurer
B. The change is effective immediately upon submission to the insurer
C. The insurer may require the consent of the current beneficiary before accepting the change
D. The signature of the person requesting the change must be witnessed by a disinterested person
Source: M.G.L. c. 175, § 123
To obtain a nonresident insurance producer license in Massachusetts, an applicant must meet several requirements. Which of the following is NOT one of them?
A. The person must have completed prelicensing coursework approved by the Massachusetts commissioner
B. The person must be currently licensed as a resident in good standing in their home state
C. The person must submit a properly completed uniform application and pay required fees
D. The person's home state must award nonresident licenses to Massachusetts residents on the same basis
Source: M.G.L. c. 175, § 162N
According to Massachusetts General Law Chapter 175, Section 162R, an insurance producer using reference materials improperly during a licensing examination may face which of the following consequences?
A. Requirement to retake the exam only
B. Probation, suspension, or revocation of license and/or civil penalty
C. License denial only
D. Automatic six-month suspension with no appeal rights
Source: M.G.L. c. 175, § 162R
