mass laws and rules
The period during which a buyer may return a fixed annuity contract for a full refund is called the
Free look period
If a producer willfully violates a Massachusetts unfair trade practice law what is the maximum administrators penalty for each violation
$1,000
An insurance company running business in a state R then the one in which it is domiciled is called
A foreign
how often must a notice of information practices be given to a policyholder
At least every three years
In order to act as an insurance agent a producer must hold a valid Insurance license and
Be appointed by in authorized insurance company
Under state law punishment for unfair deceptive insurance practices may include all of the following except
Community service
A producer who publicly an erroneously announces that an insurance company is insolvent may be found guilty of
Defamation
Which type of medicare supplement information can be used without prior state approval
Government publications
Which of the following is true regarding a foreign insurer wishing to conduct business in Massachusetts
It must obtain a certificate of authority from the superintendent of insurance
The dental specialty which deals with the replacement of missing teeth is called
Prosthodontics
In Massachusetts an individual can be disqualified from obtaining resident producer license by
Residing in a bordering state
Claims settlement practices of insurers are regulated by
State insurance departments
A producer found to have engaged in an unfair method of competition May be
Subject to license suspension or revocation
Producers cancelation of appointment must be reported to the bureau of insurance by
The insurance company
No existing insurance license will be revoked until
The licensee has been afforded a right to a hearing on the charges
Under medicare supplement insurance what form provides information about services, benefits, copayments, deductibles, exclusions, premiums, and the ensure
The outline of coverage
The business of life settlements may include all of the following except
Version of term life insurance contracts
After a producer is appointed who is considered the principal
the insurance company
What is often payable to a life insurance policy owner when a medical condition drastically limits the insureds life expectancy
Accelerated living benefit
Misrepresenting pertinent policy provisions relating to coverage after a loss is
An unfair claims settlement practice
A life insurance illustration showing future premiums being paid out of non guaranteed values must disclose that
Policyowner may need to resume premium payments depending on actual results
What is a condition for which medical advice or treatment was recommended by or received from a provider of health care services in 6 months preceding the effective date an individual long term care policy
Pre existing condition
A life insurance producer is required to give a disclosure notice about information practices to an applicant or a proposed insured
Prior to or at the time of signing the application
Which of the following statements about the contestability of a life insurance policy is true
The policy can be contested by the insurer only during the first 2 years of the contract
Massachusetts who is primarily responsible for determining the appropriateness of a medicare supplement policy for a proposed insured
The producer who solicits the application
When an insured under a group life insurance plan in Massachusetts elects the conversion option the new policy is issued
Without requiring evidence of insurability
A life insurance policy in Massachusetts becomes incontestable after it has been in force for
2 years
Except for fraud, the time after insurance of a policy during which an insurance company may contest a health insurance claim due to the statements on an application is
2 years
A producer must be given how many days notice for a scheduled hearing
21
After the 1st year commission is paid on a medicare supplement policy renewal commissions must be provided for at least
5 years
A licensed producer who lives in another state and transacts insurance in Massachusetts is called
A non resident producer
All of the following are unfair claims settlement practices except
An attempt to settle a claim by arbitration
all of these are considered to be a violation of the federal fraud and false statements act except
Claims reimbursement
Which of these is not considered a federal punishment for unfair and deceptive insurance practices
Community service
Health providers are compensated by a preformed provider organization PPO for normal dental procedures by what means
Decreased fees schedules
in order to determine an accelerated life insurance benefit which of the following is considered an activity of daily living
Eating
A Massachusetts producer convicted of a felony may only engage in insurance transactions after
Given written consent by the commissioner
In Massachusetts continuation of health insurance plan coverage for a handicapped child beyond the age limits stated in the policy may require proof of the child's
Incapacity only
In order for a prohibited person to sell insurance in Massachusetts he or she must have a
Letter signed by the superintendent
When considering the replacement of an individual health insurance policy a pre existing conditions exclusion in the new contract
May reduce the insured's benefits
During the first 2 years a life insurance policy is in force the insurer may contest a policy for all of the following reasons except
Misstatement of age in the application
Beginning January 1st 2014 the restricted animal limit for plans under the affordable care act will be
No limit
The superintendent may suspend a producer's license when the producer
Rebates a portion of the commission to the insured
A transaction in which a new life insurance policy is purchased and an existing life insurance policy is surrendered is called
Replacement
A copy of all medicare supplement advertisements must be submitted for approval to
The superintendent of insurance
Dependent children can continue to be covered under their parent's health insurance policy after reaching age 26 if
They are unable to support themselves due to a physical handicap
Why were exchanges implemented by the affordable care act ACA
To create a one-stop market for standardized health insurance plans
The pregnancy discrimination act States that medical expenses related to pregnancy must be
Treated as any other disability
which of these is NOT considered to be an example of misrepresentation by a producer?
comparing the benefits of several insurance policies
Who is responsible for reporting the licensee's change of name and address to the superintendent of the bureau of insurance
the licensee