MN Life & Health Insurance
Exam 2026 | Minnesota
Licensing Practice
Questions & Study Guide
|Graded A+ | Guaranteed
success|
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, 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.
A lapsed licensee can reinstate license within ____ months. 12 Months
The penally for rebating is $____ to $____ per violation. A $60 to $200, $25
promotional gift or advertising item of $____ is not a
rebate.
The insurer must reply to customer claims and inquires 10 days
within ____ days.
Exam 2026 | Minnesota
Licensing Practice
Questions & Study Guide
|Graded A+ | Guaranteed
success|
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, 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.
A lapsed licensee can reinstate license within ____ months. 12 Months
The penally for rebating is $____ to $____ per violation. A $60 to $200, $25
promotional gift or advertising item of $____ is not a
rebate.
The insurer must reply to customer claims and inquires 10 days
within ____ days.
