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