Massachusetts- Understanding Commercial Lines P&C

Total Hrs / Order Price
1-5 $15.95
6-17 $24.95
18-24 $39.95
25-50 $49.95
51+ $49.95 + $2.00 per
additional hour over 50
In addition: A State filing fee of $0.50 per credit hour will be added to the total

Pricing based on total number of
hours in order.

Approved For:

  • Property and Casualty

Credit Hours
20

Course Type
Online

DOI Number
C03021

Publisher
FastrackCE, LLC

State
Massachusetts

State
State CE Requirements

CE Course Description

Without commercial insurance, big business couldn’t exist. Commercial insurance acts as an economic lubricant, allowing businesses to recover from losses that would ordinarily bankrupt them. As a commercial lines agent specializing in Property and Casualty insurance, you help businesses safeguard their assets—and preserve their operations in the case of a major setback. This in turn protects the jobs of employees and our economy as a whole.

This extensive course is approved for property and casualty continuing education. It gives you a thorough understanding of Commercial Lines Property and Casualty Insurance from a professional perspective—in a wide range of industries. After you complete it, you should have advanced knowledge of how this type of insurance works—and your responsibilities as an agent.

Topics covered include:

  • Commercial general liability insurance.
  • The commercial package policy.
  • Commercial auto insurance.
  • Commercial inland marine insurance.
  • Commercial crime liability.
  • E-commerce liability and the new millennium.
  • Boiler, machinery, and glass insurance.
  • Industrial fire liability and insurance.
  • Professional and product liability.
  • Commercial time element insurance coverage.
  • Catastrophic, flood, and terrorism insurance coverage.

This course is available in online format—making fulfilling your continuing education requirements convenient and easy. Get access to test materials instantly, study on your own time, and receive your test results instantly after completion. Order this course today and improve your knowledge of Commercial Lines Property and Casualty insurance.

Required CE Hours for Renewal in Massachusetts

  • All Licenses

    • All producers must complete 60 hours during the first 36 months licensed and 45 hours every 36 months thereafter.
    • Public Adjusters must complete 15 hours every 36 months. (Public Adjusters may complete any course approved under the Property/Casualty license type)

Special Training/Education Requirements (LTC, Flood, Ethics, others)

  • Long Term Care -LTC

    • Agents wishing to sell Long Term Care are required to take a one time only 8 hour Department of Insurance certified course
    • Each license term thereafter each agent must complete a 4 hour Long Term Care Partnership CE course that is approved by the department.
  • Flood Insurance Training

    • An insurance producer who sells flood insurance may satisfy the minimum training and education requirements by completing a 3-hour course related to the National Flood Insurance Program (NFIP).

How Hours are Reported

  • CE completions are submitted electronically the next business day after a passing completion is acquired. A fee of $0.50 fee will be charged for processing of your credit hours for each course taken and will be added to your check out total.

License Renewal Term

  • The term of the license is different that the renewal period. Please check with the department about your license term.
  • The renewal term is every 3 years based upon the license issuance date.

Course Type approved for Continuing Education

  • Online courses
  • Independent Self-study
  • Classroom Study

Final Exam

  • Final exams need to be monitored by a disinteresed third party.
  • Final exams are CLOSED book.
  • A passing grade of at least 70% required to pass the course.

Carryover CE Hours

  • A maximum of 45 CE credits may be carried over from one 3 year term to another.

Repeating Courses

  • Courses may NOT be taken for credit more than once in each renewal period.

Completion Certificates

  • Certificates of completion are available as soon as a course is completed with a passing grade. Certificates should be printed and kept on file.

Exemptions

  • Licensees who hold one of the following: viatical brokers/representative license, reinsurance intermediary brokers/managers license, surplus lines brokers license, or a advisors license.
  • All individuals licensed prior to April 4, 1983 are exempted by statute, commonly referred to as "grandfathered", from the requirements of continuing education. In order to maintain this status, however, such individuals must be continuously licensed. If an individual allows his or her license(s) to lapse and later re-applies, the exemption will not be available and continuing education requirements will apply. Furthermore, please be reminded that individuals licensed prior to April 13, 1983 who subsequently amend their licenses by adding an additional line or lines of authority are then subject to the continuing education requirements. See 211 CMR 50.04(b).
  • Nonresident agents who are in good standing with CE requirements in their home state.

Massachusetts Consumer Affairs and Business Regulation


Main Phone: (617) 521-7794
Producer Licensing Phone: (617) 521-7794
Producer Licensing Fax: (617) 521-7576

Mailing Address:
Commonwealth of Massachusetts
Division of Insurance
1000 Washington St, Suite 810
Boston, MA 02118-6200

Web site: Commonwealth of Massachusetts: Division of Insurance