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Life and Health Insurance Producer Exam

Guaranty association (MA): practice questions

Our Life & Health Insurance bank has 4 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Massachusetts

What is the Massachusetts Life and Health Insurance Guaranty Association's limit for life insurance death benefits on any one life?

  1. $100,000
  2. $300,000 per life
  3. $250,000 per policy
  4. $500,000
Show the answer

B. $300,000 per life — M.G.L. c. 175, sec. 146B(4)(B)(3)(b)(i).

Question 2 · Massachusetts

What is the Massachusetts guaranty association's limit for the present value of annuity benefits, including cash values, on any one life?

  1. $100,000
  2. $5,000,000
  3. $300,000 per contract
  4. $250,000 per life
Show the answer

D. $250,000 per life — M.G.L. c. 175, sec. 146B(4)(B)(3)(b)(iii).

Question 3 · Massachusetts

What is the Massachusetts guaranty association's aggregate limit for one individual when major medical expense insurance benefits are involved?

  1. $500,000 in total
  2. $300,000
  3. $250,000
  4. $1,000,000 per family
Show the answer

A. $500,000 in total — M.G.L. c. 175, sec. 146B(4)(B)(4).

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