Rules and Regulation MN Life Insurance 43 Questions And Answers

A producer offer a buyer $100 basketballs game tickets (not specified in the contract) introduce to purchase a policy, if the prospect purchase the policy and accepts the tickets, the Producer be will guilty of? - ️️Rebate All of the producers (except those who only transact credit insurance) must complete at least, how many hours of approved education course during 24 month licensing period? - ️️30hours If an insurer employee unlicensed producer, the commissioner can asses of following penalty? - ️️$25 for each policy sold by unlicensed producer ($300 maximum Penalty per producer) The commissioner of commerce is? - ️️Appointed by Governor All the following statement's pertaining to fair credit reporting act are correct, except - ️️The fair credit repot is a state law that helps assure accurate reporting information about customer All producers' financial record must maintained for at least - ️️6years All following types of product by producer are considered unethical, except - ️️Readjusting group premium rate's base on current year's or expense An insurance producer can be suspended or revoked from client for all of the following, except - ️️Being charged with a misdemeanor not involving moral turpitude (immorality) An insurance must keep record of the all fund received from client at least, How many years? - ️️6years