211 CMR, § 50.03

Current through Register 1537, December 20, 2024
Section 50.03 - Applicability
(1) The provisions of 211 CMR 50.00 shall apply to resident and non-resident persons licensed in Massachusetts to engage in the sale of the following lines of insurance:
(a) life and annuity contracts;
(b) variable annuity and variable life insurance contracts;
(c) accident and health or sickness;
(d) all lines of property and casualty.
(2) The continuing education requirements of 211 CMR 50.00 shall not apply to persons who are licensed as:
(a) Non-residents who also possess an equivalent resident license or licenses issued by a state in which they are resident and which state has continuing educational requirements with respect to such license or licenses, and who are certified by their resident state as being in good standing.
(b) Persons licensed in Massachusetts prior to April 4, 1983, except for those persons who although licensed prior to April 4,1983, amended their licenses after that date by passing an insurance examination for an additional line or lines of insurance, and except for those persons who were unlicensed for more than one year immediately prior to April 4, 1983.
(c) Auto club agents pursuant to M.G.L. c. 174B.
(d) Insurance producers who are licensed to engage only in the sale of the following limited lines of authority: Travel Insurance and Credit Insurance.
(e) Insurance Advisers pursuant to M.G.L. c. 175, § 177B.
(f) Fraternal agents pursuant to M.G.L. c. 176.
(g) Any person holding a resident license for which an examination is not required.

211 CMR, § 50.03

Amended by Mass Register Issue 1320, eff. 8/26/2016.