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