MN Property & Casualty State Exam 2025 Actual
Questions and Answers (Latest Update)
(Verified Answers) 100% Correct | Grade A+ Expert
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1. After an insurance company examination, the Commissioner or the Examiner
appointed by the Commissioner must file a written report of the examination
within? (Days) ANS: 60 days
2. Insurers must keep records related to advertisements of insurance policies
for? (Years) ANS: 3 years
3. Once an individual passes a licensing exam, results are valid for? (Years)
ANS: 3 years
4. If an insurer meets all of the states requirements, their Certificate of Authority
should arrive within? (Days) ANS: 60 days
5. After appointing an agent, an insurer has to file a "Notice of Appointment"
,with the Commissioner within? (days) ANS: 15 days
6. A temporary producer's license is effective for ANS: 180 days
7. Maximum penalty per offence for transacting insurance without a Certificate
of Authority is? ($)ANS: $1,000 dollars
8. Workers Compensation disability benefits begin after? (Days) ANS: 3 days
9. In the event of theft of a covered vehicle, transportation expense coverage in
a PAP begins how many hours after the theft? ANS: 48 hours
10. The Minimum Uninsured Motorist liability limits that must be provided in
Minnesota is: ANS: $25,000/$50,000
11. Policies issued through the Minnesota Automobile Insurance Plan must
provide liability limits of at least: ANS: 30/60/10
12. This Value works best for items that do not fluctuate must in value: ANS: Agreed
Value
13. A dwelling policy will pay loss of use due to Civil Authority for a maximum
of? (Weeks) ANS: 2 Weeks
, 14. In the event the Commissioner believes there has been a violation of insur-
ance law, a hearing may be conducted. The hearing must occur no sooner than
how many days from the date of hearing notice? ANS: 20 days
15. How many hours of continuing education must be completed every 2 years?-
ANS: 24 hours
16. How many of the 24 hours of CE must be in the area of ethics? ANS: 3 hours
17. How many initial hours of training must be needed to sell long-term care?
ANS: 8 hours
Questions and Answers (Latest Update)
(Verified Answers) 100% Correct | Grade A+ Expert
Verified | Ace the Test.
1. After an insurance company examination, the Commissioner or the Examiner
appointed by the Commissioner must file a written report of the examination
within? (Days) ANS: 60 days
2. Insurers must keep records related to advertisements of insurance policies
for? (Years) ANS: 3 years
3. Once an individual passes a licensing exam, results are valid for? (Years)
ANS: 3 years
4. If an insurer meets all of the states requirements, their Certificate of Authority
should arrive within? (Days) ANS: 60 days
5. After appointing an agent, an insurer has to file a "Notice of Appointment"
,with the Commissioner within? (days) ANS: 15 days
6. A temporary producer's license is effective for ANS: 180 days
7. Maximum penalty per offence for transacting insurance without a Certificate
of Authority is? ($)ANS: $1,000 dollars
8. Workers Compensation disability benefits begin after? (Days) ANS: 3 days
9. In the event of theft of a covered vehicle, transportation expense coverage in
a PAP begins how many hours after the theft? ANS: 48 hours
10. The Minimum Uninsured Motorist liability limits that must be provided in
Minnesota is: ANS: $25,000/$50,000
11. Policies issued through the Minnesota Automobile Insurance Plan must
provide liability limits of at least: ANS: 30/60/10
12. This Value works best for items that do not fluctuate must in value: ANS: Agreed
Value
13. A dwelling policy will pay loss of use due to Civil Authority for a maximum
of? (Weeks) ANS: 2 Weeks
, 14. In the event the Commissioner believes there has been a violation of insur-
ance law, a hearing may be conducted. The hearing must occur no sooner than
how many days from the date of hearing notice? ANS: 20 days
15. How many hours of continuing education must be completed every 2 years?-
ANS: 24 hours
16. How many of the 24 hours of CE must be in the area of ethics? ANS: 3 hours
17. How many initial hours of training must be needed to sell long-term care?
ANS: 8 hours
