State RegulationsMA specificDifficulty 1/5
Under Massachusetts law, what is the renewal term for an individual producer license, and how is the term anchored?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
M.G.L. c. 175, § 162M sets the producer license renewal term at 2 to 3 years, anchored to the licensee's birth month, with the first term prorated as needed. The birth-month anchor spreads renewals across the calendar for the Massachusetts Division of Insurance rather than stacking them on the issue date or on insurer paperwork.
Why the other options are wrong
- A) A 1-year term fixed to the issue date misstates both the length and the anchor of the renewal cycle under M.G.L. c. 175, § 162M.
- B) A 5-year term keyed to the calendar year is not the statutory design; the term runs 2 to 3 years from the birth month.
- D) The anchor is the licensee's birth month, not the appointing insurer's appointment anniversary.
Memory hook
Birthday renewal: 2 to 3 years, keyed to your birth month.