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Life and Health Insurance Producer Exam

Licensing (MA): practice questions

Our Life & Health Insurance bank has 11 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Massachusetts

A producer licensed in another state moves to Massachusetts. Within what time must the producer apply for a resident license to avoid prelicensing education and examination for lines already held?

  1. Six months of moving into the state
  2. 30 days of establishing legal residence
  3. One year of the prior license's issue date
  4. 90 days of establishing legal residence
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D. 90 days of establishing legal residence — M.G.L. c. 175, sec. 162O(b).

Question 2 · Massachusetts

Before the Commissioner approves a business entity's producer license, what must the entity have done besides paying the required fees?

  1. Had every officer and director pass the producer examination
  2. Posted a $10,000 surety bond with the state treasurer
  3. Designated a licensed producer responsible for the entity's compliance
  4. Obtained appointments from at least two admitted insurers
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C. Designated a licensed producer responsible for the entity's compliance — M.G.L. c. 175, sec. 162L(b)(2).

Question 3 · Massachusetts

When must a Massachusetts producer notify the Commissioner about doing business under a name other than the producer's legal name?

  1. At the next license renewal, on the renewal form
  2. Before using the assumed name
  3. Within 30 days after first using it
  4. Only if a consumer files a complaint
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B. Before using the assumed name — M.G.L. c. 175, sec. 162P.

Question 4 · Massachusetts

After the Commissioner denies or refuses to renew a Massachusetts producer license, how long does the applicant or licensee have to demand a hearing in writing?

  1. Six months from the decision
  2. Within 30 days
  3. 10 business days
  4. Within 60 days of the notice
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B. Within 30 days — M.G.L. c. 175, sec. 162R(b).

Question 5 · Massachusetts

A salaried, full-time employee advises their employer on its insurance program but never sells or solicits insurance and receives no commission. Does the employee need a Massachusetts producer license?

  1. Only if the employer has more than 50 covered employees
  2. Yes, anyone who advises on coverage needs a license
  3. Yes, but a limited lines license would satisfy the requirement
  4. No, the employee is specifically excluded from the licensing requirement
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D. No, the employee is specifically excluded from the licensing requirement — M.G.L. c. 175, sec. 162J(b)(7).

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