Massachusetts Life Producer Practice Exam

Which of the following is NOT a typical duty of a producer when delivering an insurance policy?

1. Leave a conditional receipt with the client

2. Explain policy details to the client

3. Collect the first premium payment

4. Provide a copy of the policy

The correct answer is: Leave a conditional receipt with the client

Leaving a conditional receipt with the client is not a typical duty of a producer at the time of delivering an insurance policy. A conditional receipt is normally issued when an application for insurance is submitted and can secure coverage temporarily until the policy is officially issued and delivered. Once the insurance policy is approved and ready to be delivered, the producer focuses on providing the policy, explaining the details, and collecting any required payments, which are essential steps to complete the policy delivery process. In contrast, explaining policy details to the client ensures that they understand the features and benefits of their coverage, collecting the first premium payment is often necessary to activate the policy, and providing a copy of the policy is a critical part of formalizing the agreement and ensuring the client has all the relevant documentation for their records.