1 | Page
MN Life and Health Insurance Exam
Questions and Correct Answers| Latest
Update
The commissioner examines each insurer every Years.
Ans: 5 years
$ fine per day if a person violates, aids, or abets a written cease
and desist order
Ans: $10,000
License fee may request a hearing within days of commissioners
order. After hearing request, Commissioner has days to hold the
hearing.
Ans: 30 Days, 30 days
All accident and health insurance policies must be filed with the
commissioner at least days prior to use
,2 | Page
Ans: 60 days
During Pre-licensing...
hours per major line of authority
% passing score on state exam
number of years the exam results are valid
Ans: 20, 70%, 3 YEARS
License application fee
Ans: $50 per line of authority
Credit hours per licensed producer
hours must be in ethics
Ans: 25 credit hours, 3
hour partnership prior to selling LTC
,3 | Page
Ans: 8 hour
hour refresher course every two years after initial training for LTC
Ans: 4 hours
License periods after the first licensing period are years
Ans: 2 years
A temporary insurance producer license may be issued for up to
days
Ans: 180 days
A licensee's time to notify the commissioner of address change is
days
Ans: 10 days
A license is suspended for any period of time no less than months
, 4 | Page
Ans: 3 months`
A person who's license is revoked can reapply after years. The
producer must obtain a performance bond of at least
Ans: 2 years, $20,000
Commissioner may fine a producer up to per violation
Ans: $10,000
The insurer must fine notice of appointment within days of first
sale by the producer.
Ans: 15 days
An insurer that terminates an appointment must notify the
commissioner within days
Ans: 30 days
MN Life and Health Insurance Exam
Questions and Correct Answers| Latest
Update
The commissioner examines each insurer every Years.
Ans: 5 years
$ fine per day if a person violates, aids, or abets a written cease
and desist order
Ans: $10,000
License fee may request a hearing within days of commissioners
order. After hearing request, Commissioner has days to hold the
hearing.
Ans: 30 Days, 30 days
All accident and health insurance policies must be filed with the
commissioner at least days prior to use
,2 | Page
Ans: 60 days
During Pre-licensing...
hours per major line of authority
% passing score on state exam
number of years the exam results are valid
Ans: 20, 70%, 3 YEARS
License application fee
Ans: $50 per line of authority
Credit hours per licensed producer
hours must be in ethics
Ans: 25 credit hours, 3
hour partnership prior to selling LTC
,3 | Page
Ans: 8 hour
hour refresher course every two years after initial training for LTC
Ans: 4 hours
License periods after the first licensing period are years
Ans: 2 years
A temporary insurance producer license may be issued for up to
days
Ans: 180 days
A licensee's time to notify the commissioner of address change is
days
Ans: 10 days
A license is suspended for any period of time no less than months
, 4 | Page
Ans: 3 months`
A person who's license is revoked can reapply after years. The
producer must obtain a performance bond of at least
Ans: 2 years, $20,000
Commissioner may fine a producer up to per violation
Ans: $10,000
The insurer must fine notice of appointment within days of first
sale by the producer.
Ans: 15 days
An insurer that terminates an appointment must notify the
commissioner within days
Ans: 30 days
