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MN LIFE AND HEALTH INSURANCE
EXAM 2026 ACTUAL QUESTIONS
WITH VERIFIED ANSWERS.
The commissioner examines each insurer every ___ Years. -
ANSWER-5 years
$____ fine per day if a person violates, aids, or abets a written
cease and desist order - ANSWER-$10,000
License fee may request a hearing within ____ days of
commissioners order. After hearing request, Commissioner has
____ days to hold the hearing. - ANSWER-30 Days, 30 days
All accident and health insurance policies must be filed with the
commissioner at least ____ days prior to use - ANSWER-60
days
During Pre-licensing...
____ hours per major line of authority
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_____% passing score on state exam
____ number of years the exam results are valid - ANSWER-
20, 70%, 3 YEARS
License application fee - ANSWER-$50 per line of authority
____ Credit hours per licensed producer
___ hours must be in ethics - ANSWER-25 credit hours, 3
___ hour partnership prior to selling LTC - ANSWER-8 hour
___ hour refresher course every two years after initial training
for LTC - ANSWER-4 hours
License periods after the first licensing period are___ years -
ANSWER-2 years
A temporary insurance producer license may be issued for up
to ___ days - ANSWER-180 days
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A licensee's time to notify the commissioner of address change
is ___ days - ANSWER-10 days
A license is suspended for any period of time no less than ___
months - ANSWER-3 months`
A person who's license is revoked can reapply after ___ years.
The producer must obtain a performance bond of at least
_____ - ANSWER-2 years, $20,000
Commissioner may fine a producer up to ___ per violation -
ANSWER-$10,000
The insurer must fine notice of appointment within ___ days of
first sale by the producer. - ANSWER-15 days
An insurer that terminates an appointment must notify the
commissioner within _____ days - ANSWER-30 days
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Within ____ days, the insurer must send written notice of the
termination to the producer. - ANSWER-15 days
Within ___ days after receiving notice of termination, the
producer may file written comments concerning the termination
with the commissioner - ANSWER-30 days
The penalty for failing to appoint a producer is $____ per
offense, and up to $____ maximum per unappointed producer -
ANSWER-$25, $300
The producer must notify the commissioner of any
administrative action taken or criminal prosecution against the
producer within ____ days - ANSWER-30 days
The producer must notify the commissioner within ______ days
of any felony or gross misdemeanor conviction, guilty plea, or
plea of no contest. - ANSWER-10 days
MN LIFE AND HEALTH INSURANCE
EXAM 2026 ACTUAL QUESTIONS
WITH VERIFIED ANSWERS.
The commissioner examines each insurer every ___ Years. -
ANSWER-5 years
$____ fine per day if a person violates, aids, or abets a written
cease and desist order - ANSWER-$10,000
License fee may request a hearing within ____ days of
commissioners order. After hearing request, Commissioner has
____ days to hold the hearing. - ANSWER-30 Days, 30 days
All accident and health insurance policies must be filed with the
commissioner at least ____ days prior to use - ANSWER-60
days
During Pre-licensing...
____ hours per major line of authority
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_____% passing score on state exam
____ number of years the exam results are valid - ANSWER-
20, 70%, 3 YEARS
License application fee - ANSWER-$50 per line of authority
____ Credit hours per licensed producer
___ hours must be in ethics - ANSWER-25 credit hours, 3
___ hour partnership prior to selling LTC - ANSWER-8 hour
___ hour refresher course every two years after initial training
for LTC - ANSWER-4 hours
License periods after the first licensing period are___ years -
ANSWER-2 years
A temporary insurance producer license may be issued for up
to ___ days - ANSWER-180 days
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A licensee's time to notify the commissioner of address change
is ___ days - ANSWER-10 days
A license is suspended for any period of time no less than ___
months - ANSWER-3 months`
A person who's license is revoked can reapply after ___ years.
The producer must obtain a performance bond of at least
_____ - ANSWER-2 years, $20,000
Commissioner may fine a producer up to ___ per violation -
ANSWER-$10,000
The insurer must fine notice of appointment within ___ days of
first sale by the producer. - ANSWER-15 days
An insurer that terminates an appointment must notify the
commissioner within _____ days - ANSWER-30 days
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Within ____ days, the insurer must send written notice of the
termination to the producer. - ANSWER-15 days
Within ___ days after receiving notice of termination, the
producer may file written comments concerning the termination
with the commissioner - ANSWER-30 days
The penalty for failing to appoint a producer is $____ per
offense, and up to $____ maximum per unappointed producer -
ANSWER-$25, $300
The producer must notify the commissioner of any
administrative action taken or criminal prosecution against the
producer within ____ days - ANSWER-30 days
The producer must notify the commissioner within ______ days
of any felony or gross misdemeanor conviction, guilty plea, or
plea of no contest. - ANSWER-10 days
