MN Life and Health Insurance Exam / Newest Actual Exam Review Q&A with Definitive Answers / A+ Score Solutions Terms in this set (176) The commissioner examines each insurer every ___ Years.
- years
$____ 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 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 1 / 3
____ Credit hours per licensed producer ___ hours must be in ethics ___ hour partnership prior to selling LTC ___ hour refresher course every two years after initial training for LTC License periods after the first licensing period are___ years A temporary insurance producer license may be issued for up to ___ days A licensee's time to notify the commissioner of address change is ___ days A license is suspended for any period of time no less than ___ months A person who's license is revoked can reapply after ___ years. The producer must obtain a performance bond of at least _____ Commissioner may fine a producer up to ___ per violation 25 credit hours, 3
- hour
- hours
- years
- months`
- years, $20,000
180 days 10 days
$10,000 2 / 3
The insurer must fine notice of appointment within ___ days of first sale by the producer.An insurer that terminates an appointment must notify the commissioner within _____ days Within ____ days, the insurer must send written notice of the termination to the producer.Within ___ days after receiving notice of termination, the producer may file written comments concerning the termination with the commissioner The penalty for failing to appoint a producer is $____ per offense, and up to $____ maximum per unappointed producer The producer must notify the commissioner of any administrative action taken or criminal prosecution against the producer within ____ days 15 days 30 days 15 days 30 days
$25, $300
30 days
- / 3