Exam (elaborations)
MN Life and Health Insurance Exam with correct answers
- Course
- Institution
MN Life and Health Insurance Exam with correct answers
[Show more]
Seller
Follow
Content preview
MN Life and Health Insurance Exam withcorrect answers
The nncommissioner nnexamines nneach nninsurer nnevery nn___ nnYears. nn- nncorrect nnanswer-5 nnyears
$____ nnfine nnper nnday nnif nna nnperson nnviolates, nnaids, nnor nnabets nna nnwritten nncease nnand nndesist nnorder nn-
nncorrect nnanswer-$10,000
License nnfee nnmay nnrequest nna nnhearing nnwithin nn____ nndays nnof nncommissioners nnorder. nnAfter nnhearing
nnrequest, nnCommissioner nnhas nn____ nndays nnto nnhold nnthe nnhearing. nn- nncorrect nnanswer-30 nnDays, nn30
nndays
All nnaccident nnand nnhealth nninsurance nnpolicies nnmust nnbe nnfiled nnwith nnthe nncommissioner nnat nnleast nn____
nndays nnprior nnto nnuse nn- nncorrect nnanswer-60 nndays
During nnPre-licensing...
____ nnhours nnper nnmajor nnline nnof nnauthority
_____% nnpassing nnscore nnon nnstate nnexam
____ nnnumber nnof nnyears nnthe nnexam nnresults nnare nnvalid nn- nncorrect nnanswer-20, nn70%, nn3 nnYEARS
License nnapplication nnfee nn- nncorrect nnanswer-$50 nnper nnline nnof nnauthority
____ nnCredit nnhours nnper nnlicensed nnproducer
___ nnhours nnmust nnbe nnin nnethics nn- nncorrect nnanswer-25 nncredit nnhours, nn3
___ nnhour nnpartnership nnprior nnto nnselling nnLTC nn- nncorrect nnanswer-8 nnhour
___ nnhour nnrefresher nncourse nnevery nntwo nnyears nnafter nninitial nntraining nnfor nnLTC nn- nncorrect nnanswer-4
nnhours
,License nnperiods nnafter nnthe nnfirst nnlicensing nnperiod nnare___ nnyears nn- nncorrect nnanswer-2 nnyears
A nntemporary nninsurance nnproducer nnlicense nnmay nnbe nnissued nnfor nnup nnto nn___ nndays nn- nncorrect nnanswer-
180 nndays
A nnlicensee's nntime nnto nnnotify nnthe nncommissioner nnof nnaddress nnchange nnis nn___ nndays nn- nncorrect nnanswer-
10 nndays
A nnlicense nnis nnsuspended nnfor nnany nnperiod nnof nntime nnno nnless nnthan nn___ nnmonths nn- nncorrect nnanswer-3
nnmonths`
A nnperson nnwho's nnlicense nnis nnrevoked nncan nnreapply nnafter nn___ nnyears. nnThe nnproducer nnmust nnobtain nna
nnperformance nnbond nnof nnat nnleast nn_____ nn- nncorrect nnanswer-2 nnyears, nn$20,000
Commissioner nnmay nnfine nna nnproducer nnup nnto nn___ nnper nnviolation nn- nncorrect nnanswer-$10,000
The nninsurer nnmust nnfine nnnotice nnof nnappointment nnwithin nn___ nndays nnof nnfirst nnsale nnby nnthe nnproducer. nn-
nncorrect nnanswer-15 nndays
An nninsurer nnthat nnterminates nnan nnappointment nnmust nnnotify nnthe nncommissioner nnwithin nn_____ nndays nn-
nncorrect nnanswer-30 nndays
Within nn____ nndays, nnthe nninsurer nnmust nnsend nnwritten nnnotice nnof nnthe nntermination nnto nnthe nnproducer. nn-
nncorrect nnanswer-15 nndays
Within nn___ nndays nnafter nnreceiving nnnotice nnof nntermination, nnthe nnproducer nnmay nnfile nnwritten
nncomments nnconcerning nnthe nntermination nnwith nnthe nncommissioner nn- nncorrect nnanswer-30 nndays
The nnpenalty nnfor nnfailing nnto nnappoint nna nnproducer nnis nn$____ nnper nnoffense, nnand nnup nnto nn$____
nnmaximum nnper nnunappointed nnproducer nn- nncorrect nnanswer-$25, nn$300
, The nnproducer nnmust nnnotify nnthe nncommissioner nnof nnany nnadministrative nnaction nntaken nnor nncriminal
nnprosecution nnagainst nnthe nnproducer nnwithin nn____ nndays nn- nncorrect nnanswer-30 nndays
The nnproducer nnmust nnnotify nnthe nncommissioner nnwithin nn______ nndays nnof nnany nnfelony nnor nngross
nnmisdemeanor nnconviction, nnguilty nnplea, nnor nnplea nnof nnno nncontest. nn- nncorrect nnanswer-10 nndays
A nnlapsed nnlicensee nncan nnreinstate nnlicense nnwithin nn____ nnmonths. nn- nncorrect nnanswer-12 nnMonths
The nnpenally nnfor nnrebating nnis nn$____ nnto nn$____ nnper nnviolation. nnA nnpromotional nngift nnor nnadvertising
nnitem nnof nn$____ nnis nnnot nna nnrebate. nn- nncorrect nnanswer-$60 nnto nn$200, nn$25
The nninsurer nnmust nnreply nnto nncustomer nnclaims nnand nninquires nnwithin nn____ nndays. nn- nncorrect nnanswer-
10 nndays
Policies nnmust nnbe nndelivered nnto nnthe nninsured nnwithin nn____ nnworking nndays nnof nnthe nnproducers nnrecipes
nnfrom nnthe nninsurer. nn- nncorrect nnanswer-30 nndays
Producer nnfinancial nnand nncompliant nnrecords nnmust nnbe nnkept nnon nnfile nnfor nn____ nnyears. nn- nncorrect
nnanswer-6 nnyears.
Premium nnrefunds nnmust nnbe nnsent nnto nninsured nnwithin nn_____ nndays nnof nnthe nnproducer nnreceipt nnfrom
nnthe nninsurer. nn- nncorrect nnanswer-5 nndays
Insurers: nnPolicy nnforms, nnapplications, nnand nnadvertising nnmust nnbe nnretained nnfor nn____ nnyears nnafter nnthe
nneffective nndate. nn- nncorrect nnanswer-3 nnyears
Insurers: nnClaim nnrecords nnmust nnbe nnretained nnfor nn____ nnyears nnafter nnthe nnclaim nnis nnpaid nnor nndenied nn-
nncorrect nnanswer-3 nnyears
Insurers: nnmust nnrefund nnunearned nnpremium nnto nnthe nninsured nnwithin nn_____ nndays. nn- nncorrect nnanswer-
30 nndays
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Lectphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76462 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now