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On this page, you will find all of the state-specific information for Insurance CE in the state of Massachusetts.
Massachusetts Department of Insurance
Address:
Commonwealth of Massachusetts
Division of Insurance
1000 Washington St, Suite 810
Boston, MA 02118-6200
General Information:
Toll Free Number: (877) 563-4467
Main Phone Line: (617) 521-7794
Website: https://www.mass.gov/
Transcript: Only Licensees can Access - Click Here for Link
Continuing Education Information on State Website can be Found Here:
All information is regarding Resident and Adjuster Licensees. For Non-Resident Requirements, see the state website (link above).
Overall
Resident: 60 hours every 3 years for initial triennium and 45 hours every 3 years thereafter; License issuance date every 3 years
Adjuster: 15 hours every 3 years
Ethics
3 hour
Annuity
All producers who wish to market and sell variable life and variable annuity products in Massachusetts, including group variable products, must be licensed to do so. The licensing prerequisites for these lines of authority are: (1) the producer must have successfully passed a life insurance examination; (2) the producer must have successfully passed the FINRA Series 6 or Series 7 examinations; (3) the producer must be actively licensed and in good standing with FINRA; (4) the producer must possess a valid FINRA Central Registration Depository (“CRD”) number; and (5) the producer must be affiliated with a registered broker/dealer who also is in good standing with FINRA.
Producers are required to identify their CRD numbers on their licensing applications. The identification of this number serves as the producer’s attestation that he/she has met all of the five requirements detailed above. The producer has an ongoing obligation to ensure that all five of these requirements remain current and valid.
An insurance producer may not sell, solicit, or negotiate an annuity product unless the producer has completed an approved one-time 4-hour Best Interest training course.
Individuals who obtain a life insurance line of authority may not engage in the sale of annuities until the one-time annuity training course has been completed.
Long-Term Care
8 hour initial and 4 hour ongoing
Flood
3 hour
Course Repetition within Compliance Period
Not within 3 years of original completion date
Course Credit Carryover
45 hours
Proctor - This state requires a disinterested 3rd party proctor be present for online certification exams. A disinterested third party is someone with no conflict of interest, financial or otherwise. An example of someone who is a disinterested third party is a librarian or test center employee. An example of someone who is not a disinterested third party is a family member (both immediate and extended; in-laws included) or a coworker who is above/below your line of supervision.
The state requires reporting within 10 days of completion. There is a $1.50 per credit hour reporting fee.
Correspondence (Print)
Company Seminars
Classroom
CBT/CD-ROM (Computer-Based Training)
This information is based on state laws and regulations and is subject to change. Kaplan Financial Education makes every effort to make sure this information is current and accurate, however, Kaplan Financial Education is not engaged in rendering legal or professional advice and shall not be held responsible for inaccuracies contained herein.
Massachusetts