State RegulationsMA specificDifficulty 1/5
Which document required in Massachusetts life insurance solicitations is the generic educational piece that explains the basic types of life insurance and helps applicants compare policies before they choose?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
The buyer's guide required by 211 CMR 31.05, within the Massachusetts Division of Insurance's solicitation framework at 211 CMR 31.00, is the generic educational document explaining the basic types of life insurance and how to compare them. It educates before the choice; the policy-specific figures live in the separate policy summary. Separating the two documents' roles is a recurring exam point.
Why the other options are wrong
- A) The policy summary under 211 CMR 31.04 presents the figures of the specific policy being sold, not generic education.
- B) The notice of information practices is a privacy disclosure under M.G.L. c. 175I, § 4 and says nothing about policy types.
- D) A certificate of authority is a state credential allowing an insurer to do business; it is not a solicitation disclosure.
Memory hook
The buyer's guide educates before you buy — it never prices your policy.