MN Life and Health Insurance
Exam 2026/2027 Exam
Questions and Answers |
Already Graded A+
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
_____% 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
, 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
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
3
COPYRIGHT©JOSHCLAY 2026/2027. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
Exam 2026/2027 Exam
Questions and Answers |
Already Graded A+
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
_____% 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
, 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
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
3
COPYRIGHT©JOSHCLAY 2026/2027. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
