MN Life and Health Insurance Exam
Exam Coverage
Exam coverage for the Minnesota Life and Health Insurance Exam
includes foundational insurance principles along with Minnesota-
specific laws and regulations. It focuses on life insurance policies
(term, whole, universal), health insurance plans (individual, group,
disability, long-term care), annuities, policy provisions, underwriting,
premiums, and claims processing. The exam also evaluates
understanding of state regulations, producer licensing requirements,
ethics, consumer protections, and federal laws such as HIPAA and the
Affordable Care Act.
Emphasis is placed on applying insurance concepts to real-world
scenarios, ensuring compliance with Minnesota law, and
,demonstrating competency in advising clients and managing life and
health insurance products responsibly. 📘💼
$____ fine per day if a person violates, aids, or abets a written cease and
desist order
$10,000
License fee may request a hearing within ____ days of commissioners
order. After hearing request, Commissioner has ____ days to hold the
hearing.
30 Days, 30 days
,All accident and health insurance policies must be filed with the
commissioner at least ____ days prior to use
60 days
The commissioner examines each insurer every ___ Years.
5 years
, During Pre-licensing...
____ hours per major line of authority
_____% passing score on state exam
____ number of years the exam results are valid
20, 70%, 3 YEARS
License application fee
$50 per line of authority
Exam Coverage
Exam coverage for the Minnesota Life and Health Insurance Exam
includes foundational insurance principles along with Minnesota-
specific laws and regulations. It focuses on life insurance policies
(term, whole, universal), health insurance plans (individual, group,
disability, long-term care), annuities, policy provisions, underwriting,
premiums, and claims processing. The exam also evaluates
understanding of state regulations, producer licensing requirements,
ethics, consumer protections, and federal laws such as HIPAA and the
Affordable Care Act.
Emphasis is placed on applying insurance concepts to real-world
scenarios, ensuring compliance with Minnesota law, and
,demonstrating competency in advising clients and managing life and
health insurance products responsibly. 📘💼
$____ fine per day if a person violates, aids, or abets a written cease and
desist order
$10,000
License fee may request a hearing within ____ days of commissioners
order. After hearing request, Commissioner has ____ days to hold the
hearing.
30 Days, 30 days
,All accident and health insurance policies must be filed with the
commissioner at least ____ days prior to use
60 days
The commissioner examines each insurer every ___ Years.
5 years
, During Pre-licensing...
____ hours per major line of authority
_____% passing score on state exam
____ number of years the exam results are valid
20, 70%, 3 YEARS
License application fee
$50 per line of authority
