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Life and Health Insurance Producer Exam

Policy provisions (MA): practice questions

Our Life & Health Insurance bank has 7 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

Massachusetts law requires an individual life policy to give how many days of grace to pay premiums after the first year?

  1. 31 days
  2. A 10-day period
  3. Thirty days
  4. 60 days from the premium due date
Show the answer

C. Thirty days — M.G.L. c. 175, sec. 132(1).

Question 2 · Massachusetts

Under Massachusetts law, a beneficiary change request on a life policy must be witnessed by:

  1. A notary public licensed in Massachusetts
  2. Two adult members of the insured's immediate family
  3. The agent who sold the policy, or the insurer's representative
  4. A disinterested person over 18 who is not named as a beneficiary in the change
Show the answer

D. A disinterested person over 18 who is not named as a beneficiary in the change — M.G.L. c. 175, sec. 123.

Question 3 · Massachusetts

Under Massachusetts's accident and sickness Notice of Claim provision, written notice must be given within how many days after a loss, or as soon as reasonably possible?

  1. Twenty days
  2. 30 days
  3. Ninety days
  4. 15 days after the loss
Show the answer

A. Twenty days — M.G.L. c. 175, sec. 108(3)(a)(5).

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