Massachusetts Insurance Continuing Education State Requirements

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/

 

Continuing Education Information on State Website can be Found Here:

Overall 

60 hours every 3 years for initial triennium and 45 hours every 3 years thereafter

License issuance date every 3 years

Ethics 

3 hour

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.

8 hour initial and 4 hour ongoing

3 hour

Not within 3 years of original completion date

45 hours

The state requires reporting within 10 days of completion. There is a $1.50 per credit hour reporting fee. 

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.