State RegulationsMA specificDifficulty 1/5
During the solicitation of a life insurance policy in Massachusetts, the producer must deliver a document that presents the figures specific to the policy being sold, such as its premiums, death benefits, and cash values. Which document does this, and under what rule?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
The policy summary required by 211 CMR 31.04 carries the data of the specific policy being solicited — its premiums, death benefits, and cash values. The Massachusetts Division of Insurance's life solicitation framework at 211 CMR 31.00 pairs this policy-specific document with the generic buyer's guide, so a producer who delivers the wrong one has not met the disclosure duty.
Why the other options are wrong
- B) The buyer's guide under 211 CMR 31.05 is the generic educational document; it does not carry the specific policy's figures.
- C) The notice of information practices under M.G.L. c. 175I, § 4 describes the insurer's handling of personal information; it is a privacy disclosure, not product data.
- D) The outline of coverage under 211 CMR 65.00 belongs to long-term care insurance solicitation, not the life policy summary duty of 211 CMR 31.04.
Memory hook
The summary prices the meal; the guide shows the menu.