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MN Property & Casualty State Exam () with correct answers
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MN Property & Casualty State Exam () with correct answers
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MN Property & Casualty State Exam (2024-2025) with correct answers
After nan ninsurance ncompany nexamination, nthe nCommissioner nor nthe nExaminer nappointed nby nthe
nCommissioner nmust nfile na nwritten nreport nof nthe nexamination nwithin? n(Days) n- ncorrect nanswer-60 ndays
Insurers nmust nkeep nrecords nrelated nto nadvertisements nof ninsurance npolicies nfor? n(Years) n- ncorrect
nanswer-3 nyears
Once nan nindividual npasses na nlicensing nexam, nresults nare nvalid nfor? n(Years) n- ncorrect nanswer-3 nyears
If nan ninsurer nmeets nall nof nthe nstates nrequirements, ntheir nCertificate nof nAuthority nshould narrive nwithin?
n(Days) n- ncorrect nanswer-60 ndays
After nappointing nan nagent, nan ninsurer nhas nto nfile na n"Notice nof nAppointment" nwith nthe nCommissioner
nwithin? n(days) n- ncorrect nanswer-15 ndays
A ntemporary nproducer's nlicense nis neffective nfor n- ncorrect nanswer-180 ndays
Maximum npenalty nper noffence nfor ntransacting ninsurance nwithout na nCertificate nof nAuthority nis? n($) n-
ncorrect nanswer-$1,000 ndollars
Workers nCompensation ndisability nbenefits nbegin nafter? n(Days) n- ncorrect nanswer-3 ndays
In nthe nevent nof ntheft nof na ncovered nvehicle, ntransportation nexpense ncoverage nin na nPAP nbegins nhow
nmany nhours nafter nthe ntheft? n- ncorrect nanswer-48 nhours
The nMinimum nUninsured nMotorist nliability nlimits nthat nmust nbe nprovided nin nMinnesota nis: n- ncorrect
nanswer-$25,000/$50,000
, Policies nissued nthrough nthe nMinnesota nAutomobile nInsurance nPlan nmust nprovide nliability nlimits nof nat
nleast: n- ncorrect nanswer-30/60/10
This nValue nworks nbest nfor nitems nthat ndo nnot nfluctuate nmust nin nvalue: n- ncorrect nanswer-Agreed nValue
A ndwelling npolicy nwill npay nloss nof nuse ndue nto nCivil nAuthority nfor na nmaximum nof? n(Weeks) n- ncorrect
nanswer-2 nWeeks
In nthe nevent nthe nCommissioner nbelieves nthere nhas nbeen na nviolation nof ninsurance nlaw, na nhearing nmay
nbe nconducted. nThe nhearing nmust noccur nno nsooner nthan nhow nmany ndays nfrom nthe ndate nof nhearing
nnotice? n- ncorrect nanswer-20 ndays
How nmany nhours nof ncontinuing neducation nmust nbe ncompleted nevery n2 nyears? n- ncorrect nanswer-24
nhours
How nmany nof nthe n24 nhours nof nCE nmust nbe nin nthe narea nof nethics? n- ncorrect nanswer-3 nhours
How nmany ninitial nhours nof ntraining nmust nbe nneeded nto nsell nlong-term ncare? n- ncorrect nanswer-8 nhours
How nmany nhours nof nCE nare nneeded nevery n24 nmonths nafter nbeing nlicensed nin nLong-Term nCare? n-
ncorrect nanswer-4 nhours
An ninsurance nlicense nmust nbe nrenewed nhow noften? n- ncorrect nanswer-24 nmonths
This ntype nof nadjuster nis na nperson nor nbusiness nthat nrepresents nan ninsurer nunder ncontract nin nthe nclaim
nsettlement nprocess. nThey nare nnot nemployees. n- ncorrect nanswer-Independent nadjuster
This ntype nof nadjuster nis nan nindividual nor nbusiness nthat ncharges na nfee nto nthe nclaimant nfor
nrepresentation nin nthe nclaims nsettlement nprocess. nThey nrepresent nclaimants. n- ncorrect nanswer-Public
nadjuster
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