MN Life and Health Insurance Exam / Q-Bank / Complete Accurate Quizzes with Verified Answers / 2025.
Quiz____?The commissioner examines each insurer every ___ Years. - Answer✓✓
- years
Quiz____?$____ fine per day if a person violates, aids, or abets a written cease and desist order - Answer✓✓
$10,000
Quiz____?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 Quiz____?All accident and health insurance policies must be filed with the commissioner at least ____ days prior to use - Answer✓✓ Page 1 of 43 1 / 4
60 days Quiz____?During Pre-licensing...____ hours per major line of authority _____% passing score on state exam ____ number of years the exam results are valid - Answer✓✓
20, 70%, 3 YEARS
Quiz____?License application fee - Answer✓✓ $50 per line of authority Quiz____?____ Credit hours per licensed producer ___ hours must be in ethics - Answer✓✓ 25 credit hours, 3 Quiz____?___ hour partnership prior to selling LTC - Answer✓✓
- hour
Page 2 of 43 2 / 4
Quiz____?___ hour refresher course every two years after initial training for LTC - Answer✓✓
- hours
- years
Quiz____?License periods after the first licensing period are___ years - Answer✓✓
Quiz____?A temporary insurance producer license may be issued for up to ___ days - Answer✓✓ 180 days Quiz____?A licensee's time to notify the commissioner of address change is ___ days - Answer✓✓ 10 days Quiz____?A license is suspended for any period of time no less than ___ months - Page 3 of 43 3 / 4
Answer✓✓
- months`
- years, $20,000
Quiz____?A person who's license is revoked can reapply after ___ years. The producer must obtain a performance bond of at least _____ - Answer✓✓
Quiz____?Commissioner may fine a producer up to ___ per violation - Answer✓✓
$10,000
Quiz____?The insurer must fine notice of appointment within ___ days of first sale by the producer. - Answer✓✓ 15 days Quiz____?An insurer that terminates an appointment must notify the commissioner within _____ days - Answer✓✓ 30 days Page 4 of 43
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