MN LIFE AND HEALTH INSURANCE
EXAM 2025 QUESTIONS AND ANSWERS
The commissioner examines each insurer every ___ Years. - ANS 5 years
$____ fine per day if a person violates, aids, or abets a written cease and desist order -
ANS $10,000
License fee may request a hearing within ____ days of commissioners order. After hearing
request, Commissioner has ____ days to hold the hearing. - ANS 30 Days, 30 days
All accident and health insurance policies must be filed with the commissioner at least ____
days prior to use - ANS 60 days
During Pre-licensing...
____ hours per major line of authority
_____% passing score on state exam
____ number of years the exam results are valid - ANS 20, 70%, 3 YEARS
License application fee - ANS $50 per line of authority
____ Credit hours per licensed producer
___ hours must be in ethics - ANS 25 credit hours, 3
Copyright ©2025 THEBRIGHT ALL RIGHTS RESERVED 1
,___ hour partnership prior to selling LTC - ANS 8 hour
___ hour refresher course every two years after initial training for LTC - ANS 4 hours
License periods after the first licensing period are___ years - ANS 2 years
A temporary insurance producer license may be issued for up to ___ days - ANS 180 days
A licensee's time to notify the commissioner of address change is ___ days - ANS 10 days
A license is suspended for any period of time no less than ___ months - ANS 3 months`
A person who's license is revoked can reapply after ___ years. The producer must obtain a
performance bond of at least _____ - ANS 2 years, $20,000
Commissioner may fine a producer up to ___ per violation - ANS $10,000
The insurer must fine notice of appointment within ___ days of first sale by the producer. -
ANS 15 days
An insurer that terminates an appointment must notify the commissioner within _____ days -
ANS 30 days
Within ____ days, the insurer must send written notice of the termination to the producer. -
ANS 15 days
Within ___ days after receiving notice of termination, the producer may file written comments
concerning the termination with the commissioner - ANS 30 days
Copyright ©2025 THEBRIGHT ALL RIGHTS RESERVED 2
, The penalty for failing to appoint a producer is $____ per offense, and up to $____ maximum
per unappointed producer - ANS $25, $300
The producer must notify the commissioner of any administrative action taken or criminal
prosecution against the producer within ____ days - ANS 30 days
The producer must notify the commissioner within ______ days of any felony or gross
misdemeanor conviction, guilty plea, or plea of no contest. - ANS 10 days
A lapsed licensee can reinstate license within ____ months. - ANS 12 Months
The penally for rebating is $____ to $____ per violation. A promotional gift or advertising item
of $____ is not a rebate. - ANS $60 to $200, $25
The insurer must reply to customer claims and inquires within ____ days. - ANS 10 days
Policies must be delivered to the insured within ____ working days of the producers recipes
from the insurer. - ANS 30 days
Producer financial and compliant records must be kept on file for ____ years. - ANS 6 years.
Premium refunds must be sent to insured within _____ days of the producer receipt from the
insurer. - ANS 5 days
Insurers: Policy forms, applications, and advertising must be retained for ____ years after the
effective date. - ANS 3 years
Copyright ©2025 THEBRIGHT ALL RIGHTS RESERVED 3
EXAM 2025 QUESTIONS AND ANSWERS
The commissioner examines each insurer every ___ Years. - ANS 5 years
$____ fine per day if a person violates, aids, or abets a written cease and desist order -
ANS $10,000
License fee may request a hearing within ____ days of commissioners order. After hearing
request, Commissioner has ____ days to hold the hearing. - ANS 30 Days, 30 days
All accident and health insurance policies must be filed with the commissioner at least ____
days prior to use - ANS 60 days
During Pre-licensing...
____ hours per major line of authority
_____% passing score on state exam
____ number of years the exam results are valid - ANS 20, 70%, 3 YEARS
License application fee - ANS $50 per line of authority
____ Credit hours per licensed producer
___ hours must be in ethics - ANS 25 credit hours, 3
Copyright ©2025 THEBRIGHT ALL RIGHTS RESERVED 1
,___ hour partnership prior to selling LTC - ANS 8 hour
___ hour refresher course every two years after initial training for LTC - ANS 4 hours
License periods after the first licensing period are___ years - ANS 2 years
A temporary insurance producer license may be issued for up to ___ days - ANS 180 days
A licensee's time to notify the commissioner of address change is ___ days - ANS 10 days
A license is suspended for any period of time no less than ___ months - ANS 3 months`
A person who's license is revoked can reapply after ___ years. The producer must obtain a
performance bond of at least _____ - ANS 2 years, $20,000
Commissioner may fine a producer up to ___ per violation - ANS $10,000
The insurer must fine notice of appointment within ___ days of first sale by the producer. -
ANS 15 days
An insurer that terminates an appointment must notify the commissioner within _____ days -
ANS 30 days
Within ____ days, the insurer must send written notice of the termination to the producer. -
ANS 15 days
Within ___ days after receiving notice of termination, the producer may file written comments
concerning the termination with the commissioner - ANS 30 days
Copyright ©2025 THEBRIGHT ALL RIGHTS RESERVED 2
, The penalty for failing to appoint a producer is $____ per offense, and up to $____ maximum
per unappointed producer - ANS $25, $300
The producer must notify the commissioner of any administrative action taken or criminal
prosecution against the producer within ____ days - ANS 30 days
The producer must notify the commissioner within ______ days of any felony or gross
misdemeanor conviction, guilty plea, or plea of no contest. - ANS 10 days
A lapsed licensee can reinstate license within ____ months. - ANS 12 Months
The penally for rebating is $____ to $____ per violation. A promotional gift or advertising item
of $____ is not a rebate. - ANS $60 to $200, $25
The insurer must reply to customer claims and inquires within ____ days. - ANS 10 days
Policies must be delivered to the insured within ____ working days of the producers recipes
from the insurer. - ANS 30 days
Producer financial and compliant records must be kept on file for ____ years. - ANS 6 years.
Premium refunds must be sent to insured within _____ days of the producer receipt from the
insurer. - ANS 5 days
Insurers: Policy forms, applications, and advertising must be retained for ____ years after the
effective date. - ANS 3 years
Copyright ©2025 THEBRIGHT ALL RIGHTS RESERVED 3
