MN PROPERTY & CASUALTY STATE
EXAM (2023) WITH CORRECT
QUESTIONS AND ANSWERS.
After an insurance company examination, the Commissioner or the Examiner appointed by the
Commissioner must file a written report of the examination within? (Days) - CORRECT
ANSWERS.✔️✔️60 days
Insurers must keep records related to advertisements of insurance policies for? (Years) - CORRECT
ANSWERS.✔️✔️3 years
Once an individual passes a licensing exam, results are valid for? (Years) - CORRECT ANSWERS.✔️✔️3
years
If an insurer meets all of the states requirements, their Certificate of Authority should arrive within?
(Days) - CORRECT ANSWERS.✔️✔️60 days
After appointing an agent, an insurer has to file a "Notice of Appointment" with the Commissioner
within? (days) - CORRECT ANSWERS.✔️✔️15 days
A temporary producer's license is effective for - CORRECT ANSWERS.✔️✔️180 days
Maximum penalty per offence for transacting insurance without a Certificate of Authority is? ($) -
CORRECT ANSWERS.✔️✔️$1,000 dollars
Workers Compensation disability benefits begin after? (Days) - CORRECT ANSWERS.✔️✔️3 days
In the event of theft of a covered vehicle, transportation expense coverage in a PAP begins how many
hours after the theft? - CORRECT ANSWERS.✔️✔️48 hours
, The Minimum Uninsured Motorist liability limits that must be provided in Minnesota is: - CORRECT
ANSWERS.✔️✔️$25,000/$50,000
Policies issued through the Minnesota Automobile Insurance Plan must provide liability limits of at least:
- CORRECT ANSWERS.✔️✔️30/60/10
This Value works best for items that do not fluctuate must in value: - CORRECT ANSWERS.✔️✔️Agreed
Value
A dwelling policy will pay loss of use due to Civil Authority for a maximum of? (Weeks) - CORRECT
ANSWERS.✔️✔️2 Weeks
In the event the Commissioner believes there has been a violation of insurance law, a hearing may be
conducted. The hearing must occur no sooner than how many days from the date of hearing notice? -
CORRECT ANSWERS.✔️✔️20 days
How many hours of continuing education must be completed every 2 years? - CORRECT
ANSWERS.✔️✔️24 hours
How many of the 24 hours of CE must be in the area of ethics? - CORRECT ANSWERS.✔️✔️3 hours
How many initial hours of training must be needed to sell long-term care? - CORRECT ANSWERS.✔️✔️8
hours
How many hours of CE are needed every 24 months after being licensed in Long-Term Care? - CORRECT
ANSWERS.✔️✔️4 hours
An insurance license must be renewed how often? - CORRECT ANSWERS.✔️✔️24 months
This type of adjuster is a person or business that represents an insurer under contract in the claim
settlement process. They are not employees. - CORRECT ANSWERS.✔️✔️Independent adjuster
EXAM (2023) WITH CORRECT
QUESTIONS AND ANSWERS.
After an insurance company examination, the Commissioner or the Examiner appointed by the
Commissioner must file a written report of the examination within? (Days) - CORRECT
ANSWERS.✔️✔️60 days
Insurers must keep records related to advertisements of insurance policies for? (Years) - CORRECT
ANSWERS.✔️✔️3 years
Once an individual passes a licensing exam, results are valid for? (Years) - CORRECT ANSWERS.✔️✔️3
years
If an insurer meets all of the states requirements, their Certificate of Authority should arrive within?
(Days) - CORRECT ANSWERS.✔️✔️60 days
After appointing an agent, an insurer has to file a "Notice of Appointment" with the Commissioner
within? (days) - CORRECT ANSWERS.✔️✔️15 days
A temporary producer's license is effective for - CORRECT ANSWERS.✔️✔️180 days
Maximum penalty per offence for transacting insurance without a Certificate of Authority is? ($) -
CORRECT ANSWERS.✔️✔️$1,000 dollars
Workers Compensation disability benefits begin after? (Days) - CORRECT ANSWERS.✔️✔️3 days
In the event of theft of a covered vehicle, transportation expense coverage in a PAP begins how many
hours after the theft? - CORRECT ANSWERS.✔️✔️48 hours
, The Minimum Uninsured Motorist liability limits that must be provided in Minnesota is: - CORRECT
ANSWERS.✔️✔️$25,000/$50,000
Policies issued through the Minnesota Automobile Insurance Plan must provide liability limits of at least:
- CORRECT ANSWERS.✔️✔️30/60/10
This Value works best for items that do not fluctuate must in value: - CORRECT ANSWERS.✔️✔️Agreed
Value
A dwelling policy will pay loss of use due to Civil Authority for a maximum of? (Weeks) - CORRECT
ANSWERS.✔️✔️2 Weeks
In the event the Commissioner believes there has been a violation of insurance law, a hearing may be
conducted. The hearing must occur no sooner than how many days from the date of hearing notice? -
CORRECT ANSWERS.✔️✔️20 days
How many hours of continuing education must be completed every 2 years? - CORRECT
ANSWERS.✔️✔️24 hours
How many of the 24 hours of CE must be in the area of ethics? - CORRECT ANSWERS.✔️✔️3 hours
How many initial hours of training must be needed to sell long-term care? - CORRECT ANSWERS.✔️✔️8
hours
How many hours of CE are needed every 24 months after being licensed in Long-Term Care? - CORRECT
ANSWERS.✔️✔️4 hours
An insurance license must be renewed how often? - CORRECT ANSWERS.✔️✔️24 months
This type of adjuster is a person or business that represents an insurer under contract in the claim
settlement process. They are not employees. - CORRECT ANSWERS.✔️✔️Independent adjuster
